$3,035,000 Price Analysis   ♡   Canoga Park, CA 91303 22 bed 22 bath 9,760 SqFt ($310/SqFt) 7,503SqFt lot. Built 1990 Listed 2024-02-02, Taxes $13,424 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
7248 Alabama Ave is an exceptional 12-unit value-add apartment complex nestled in the heart of Canoga Park
* Has Contingent Offer *CA. Constructed in 1990, this property offers an appealing unit mix, featuring (4) One Bedroom, One Bathroom units and (8) Two Bdroom, Two Bathroom Units. Notably, tenants enjoy the luxury of Central Air Conditioning and Heating, ensuring their comfort year-round.One standout feature of this property is its generous and secure parking facilities, providing ample parking spaces for tenants, which is a highly valued amenity in the rental market.Strategically situated north of the Warner Center, a thriving hub in the Western San Fernando Valley, this property enj oys a highly advantageous location.
Its convenience is further underscored by its proximity to Pierce College and Westfield Topanga, making it an attractive choice for potential tenants.Additionally, the surrounding area is enriched with numerous schools and parks, offering residents ample opportunities for recreation and leisure. In terms of transportation, the property is excellently positioned to access public transportation options, making it a well-connected choice for prospective tenants and investors alike.
Presented by Daniel Withers at
Matthews Real Estate Investment Services.
Property MLS #24-354597 from TheMLSCLAW
Full Bathrooms: 22
Lot Size Square Feet: 7503
Calculated Total Monthly Association Fees: 0
Number of Units: 12
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 5048, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 12515
County: Los Angeles
Cap Rate: 3.94
Directions: North of Sherman Way; South of Wyandotte St
Source Property Type: Residential Income
Area: Canoga Park
Source Neighborhood: Canoga Park
Parcel Number: 2111-017-003
Postal Code Plus 4: 1577
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $578,012 + $440,895 $1,018,907 | $13,424 |
| 2021 | $566,679 + $432,250 $998,929 | $13,215 |
| 2020 | $560,869 + $427,818 $988,687 | $13,331 |
| 2019 | $549,872 + $419,430 $969,302 | $12,847 |
| 2018 | $539,091 + $411,206 $950,297 | $12,688 |
| 2017 | $528,521 + $403,144 $931,665 | $12,387 |
| 2016 | $518,158 + $395,240 $913,398 | $12,012 |
| 2015 | $510,375 + $389,304 $899,679 | $11,850 |
| 2014 | $500,378 + $381,679 $882,057 | $11,964 |
| 2013 | $498,117 + $379,955 $878,072 | $11,965 |
| 2012 | $488,350 + $372,505 $860,855 | $12,123 |
| 2010 | $478,775 + $365,201 $843,976 | $11,911 |
| 2009 | $476,326 + $363,334 $839,660 | $11,493 |
| 2009 | $475,197 + $362,472 $837,669 | $11,493 |
| 2008 | $466,987 + $356,210 $823,197 | $11,040 |
| 2007 | $457,831 + $349,226 $807,057 | $10,610 |
$3,035,000
TheMLSCLAW
Sold 2005-06-03
$1,775,000
ITECH
Listed 2005-01-05
$1,950,000
ITECH
Sold 1999-09-10
$603,000
Public Record
Sold 1995-02-10
$470,000
Public Record
Sold 1989-05-19
$230,000
Public Record
Year Built: 1990
Levels: Three Or More Levels
Property Age: 34
Levels or Stories: 2
Building Total Stories: 2
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.