Canoga Park, CA 91303 7248 Alabama Avenue

7248 Alabama Avenue Canoga Park, Ca - Image 17248 Alabama Avenue Canoga Park, Ca - Image 27248 Alabama Avenue Canoga Park, Ca - Image 3
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7248 Alabama Avenue Canoga Park, Ca - Image 47248 Alabama Avenue Canoga Park, Ca - Image 5
Presented By: Daniel Withers with Matthews Real Estate Investment Services;
  • MLS# 24354597
  • 02/02/2024
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  • BedBeds • 22
  • BathBaths • 22
  • FootageSQFT • 9,760

Home Details

7248 Alabama Ave is an exceptional 12-unit value-add apartment complex nestled in the heart of Canoga Park, CA. Constructed in 1990, this property offers an appealing unit mix, featuring (4) One Bedroom, One Bathroom units and (8) Two Bedroom, 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 just north of the Warner Center, a thriving hub in the Western San Fernando Valley, this property enjoys 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 with Matthews Real Estate Investment Services;

Interior Features for 7248 Alabama Avenue

Bedrooms

Total Bedrooms22

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths22

Other Interior Features

LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixAvenue
Total Stories2

General for 7248 Alabama Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate3.94
Carport Y/NNo
CityCanoga Park
CountyLos Angeles
Days on Market70
DirectionsNorth of Sherman Way; South of Wyandotte St
Garage Y/NNo
Gross Income210750.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet7503.0
MLS AreaCP - Canoga Park
MobileHomeRemainsYNNo
Net Operating Income119493.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street NameAlabama
Total Units12
View Y/NNo
Waterfront Y/NNo
Year Built1990
Year Built SourceOther
ZoningLAC2

Exterior for 7248 Alabama Avenue

Building Area Total9760.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1722
Lot Size Area7503.0
Lot Size SourceOther
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking11.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,035,000
MLS#24354597
List Date 02/02/2024
Property Type Multi-Family
Phone 714.964.3311
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