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7101 Alabama Ave
Canoga Park, CA 91303
23-u Value Add with Proforma CAP close to 7% · Multifamily Property For Sale
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23 Units
Investment Highlights
- One of the lowest price per unit for multifamily investments offering in San Fernando Valley
- Significant rental upside, all tenants are on month-to-month; Proforma CAP Rate close to 7%
- Recent capital improvements including new roof (2013), plumbing re-pipe in 2019, new laundry machines (2020), and new exterior paints
- Superb location ±1/2 mile (walking distance) from Westfield Topanga and The Village; Walk Score 87, Bike Score 91, nearby Metro Orange Line statio
- Efficient unit mix that is perfect for rent control area; Corner location offering excellent visibility for lease-up purpose
- 13 open space parking (zero soft-story retrofit); One of the highest and best use of land with many apartment units on it
Property Facts
| No. Units | 23 | Building Size | 6,125 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 2.12/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | C2 - Commercial General | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,125 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | C2 - Commercial General |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | - | - |
Property Taxes
| Parcel Number | 2111-027-025 | Improvements Assessment | $2,097,752 |
| Land Assessment | $608,325 | Total Assessment | $2,706,077 |
Property Taxes
Parcel Number
2111-027-025
Land Assessment
$608,325
Improvements Assessment
$2,097,752
Total Assessment
$2,706,077
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