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7323 Independence

Canoga Park, CA 91303
  • $13,500,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: BB22166243
UPDATED: 18 min ago
$13,500,000
  • 0
    BEDS
  • 1.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Brett Howard of Howard Realty Group (818-355-6017)


Description

Four Building, 50 Units, Multi-residential Portfolio. Three of the buildings are in Winnetka, CA and one building is in Canoga Park, CA. Two properties consist of an entire block for potential future development (20754-20764 Hartland St, Winnetka). All buildings have onsite laundry and is owned by Owner (Not leased). Tremendous upside in rents. All Buildings have been Earthquake Retrofitted (if they needed it) and 25 units qualify for monthly reimbursement. 4% rental increases in the near future.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T09:28:26.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
www.canerealestate.com/homes/131365781
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7323 Independence Canoga Park, CA 91303

  • Price: $13,500,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 18 min ago
  • ID#: BB22166243
0
Beds
0
Baths
0
½ Baths
1.21
Acres
1959
Built
Neighborhood:
CP - Canoga Park
County:
Los Angeles
Area:
CP - Canoga Park
Property Description
Four Building, 50 Units, Multi-residential Portfolio. Three of the buildings are in Winnetka, CA and one building is in Canoga Park, CA. Two properties consist of an entire block for potential future development (20754-20764 Hartland St, Winnetka). All buildings have onsite laundry and is owned by Owner (Not leased). Tremendous upside in rents. All Buildings have been Earthquake Retrofitted (if they needed it) and 25 units qualify for monthly reimbursement. 4% rental increases in the near future.
Exterior Features

Lot Features Cul-De-Sac Number Of Separate Electric Meters 50 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features Curbs Contingency Portfolio Sale: 50 Units Electric Expense 0 Fuel Expense 5148 Garage YN No Gross Income 854069 Gross Scheduled Income 854069 Insurance Expense 20269 Land Lease YN No Laundry Features See Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 600127 New Construction YN No Number Of Separate Gas Meters 50 Number Of Separate Water Meters 4 Operating Expense 253942 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 70297 Trash Expense 12791 Water Sewer Expense 44659 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T09:28:26.13. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
 
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Cane Real Estate | Keller Williams La Jolla
7817 Ivanhoe Avenue #101
La Jolla CA, 92037
Listing Agent(s): Brett Howard of Howard Realty Group (818-355-6017)