7115 Milwood Ave
Canoga Park, CA 91303
Villa Olivos-53 Units/20 Fully Remodeled · Multifamily Property For Sale
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53 Units
Property Facts
| No. Units | 53 | Lot Size | 1.20 AC |
| Property Type | Multifamily | Building Size | 29,772 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1977/2018 |
| Building Class | C | Parking Ratio | 2.62/1,000 SF |
| Zoning | R3, Los Angeles | ||
| No. Units | 53 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 29,772 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2018 |
| Parking Ratio | 2.62/1,000 SF |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Granite Countertops
- Oven
- Range
Site Amenities
- Laundry Facilities
- Spa
- Gated
- Smoke Free
- Smoke Detector
About 7115 MILWOOD AVE , CANOGA PARK, CA 91303
Marcus & Millichap is proud to present exclusively for sale 53 units located at 7115 Milwood Avenue, Canoga Park, CA. The property was built in 1977. The subject property boasts an excellent unit mix comprised of 7 studios, 43 one-bedroom/one-bath units, two two-bedroom/one-bath units and one two-bedroom/two bath unit. There are two levels of apartments surrounding a central courtyard. The building consists of 29,772 square feet and is situated on a 1.2 acres of land. The building features a pool and jacuzzi, controlled access entry, wall mounted air conditioning and heating, laundry facility and 78 gated parking spaces. Units are individually metered for gas and electricity, and a Ratio Utility Billing System (RUBS) program. The property is located in a strong rental market with a submarket vacancy rate of only 2.3%. Tenants are just a short distance to nearby Lanark Park, Canoga Park Library, the Westfield Shopping Mall and Northridge Fashion Square. Transportation conveniences include the new Metro Orange Line Extension, with a terminal located two blocks away on Canoga Avenue, offering easy access to the entire Metro Rail system for accessible light rail commuting, the Ventura (101) Freeway 2 miles south and the 118 Freeway 3.5 miles north. Located between north/south thoroughfares, the property provides easy access to Woodland Hills, Chatsworth, Simi Valley and Santa Clarita.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 446 |
| 1+1 | 43 | - | 550 |
| 2+1 | 3 | - | 1,000 |
Property Taxes
| Parcel Number | 2112-028-022 | Improvements Assessment | $7,852,939 |
| Land Assessment | $5,306,040 | Total Assessment | $13,158,979 |
Property Taxes
