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4PLEX | 2023 BUILD | 5% CAP | WEST VALLEY 21719 Hart St 4 Unit Apartment Building $3,601,367 CAD ($900,342 CAD/Unit) 5.05% Cap Rate Canoga Park, CA 91303
Investment Highlights
- Built in 2023, Over 6,000 sq ft of modern improvements.
- Sleek, contemporary kitchens and bathrooms, Private balconies and stylish finishes.
- Solar panels for energy efficiency, Individually metered for gas, water, and power.
- Open floor plans with abundant natural light, Four spacious 3-bed / 2-bath tri-level units.
- New appliances + in-unit washer/dryer, Full central HVAC.
- Low-maintenance, easy-to-manage construction, Strong rental demand in a high-growth pocket.
Executive Summary
Discover 21721 Hart St, a newer-construction four-unit apartment building located in one of Los Angeles’ fastest-growing submarkets. Built in 2023 and offering over 6,000 square feet of modern improvements, this asset blends contemporary design with exceptional long-term fundamentals. Residents enjoy sleek interiors, open floor plans, abundant natural light, and private balconies — all supported by low-maintenance systems such as solar panels and individual utility metering.
With strong rental demand, proximity to major lifestyle destinations, and a projected 5% cap rate once fully stabilized, this property delivers both immediate performance and meaningful future upside. Positioned near Westfield Topanga, Rams Village, Calabasas, and the 101 Freeway, 21721 Hart St stands out as a premier West Valley investment with enduring appeal.
With strong rental demand, proximity to major lifestyle destinations, and a projected 5% cap rate once fully stabilized, this property delivers both immediate performance and meaningful future upside. Positioned near Westfield Topanga, Rams Village, Calabasas, and the 101 Freeway, 21721 Hart St stands out as a premier West Valley investment with enduring appeal.
Property Facts
| Price | $3,601,367 CAD | Apartment Style | Townhome |
| Price Per Unit | $900,342 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 5,542 SF |
| Cap Rate | 5.05% | Average Occupancy | 75% |
| Gross Rent Multiplier | 14.56 | No. Stories | 3 |
| No. Units | 4 | Year Built | 2023 |
| Property Type | Multifamily | Parking Ratio | 1.44/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LA-R3 - 1 Unit per every 800 SF of Land by Right | ||
| Price | $3,601,367 CAD |
| Price Per Unit | $900,342 CAD |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Gross Rent Multiplier | 14.56 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.11 AC |
| Building Size | 5,542 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 1.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LA-R3 - 1 Unit per every 800 SF of Land by Right |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Yard
- Freezer
- Garden
- Handrails
- Island Kitchen
- Lawn
- Patio
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,362 - 1,380 |
| 3+2.5 | 2 | - | 1,403 - 1,407 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 2138-004-010 | Improvements Assessment | $1,915,307 CAD |
| Land Assessment | $1,577,312 CAD | Total Assessment | $3,492,619 CAD |
Property Taxes
Parcel Number
2138-004-010
Land Assessment
$1,577,312 CAD
Improvements Assessment
$1,915,307 CAD
Total Assessment
$3,492,619 CAD
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4PLEX | 2023 BUILD | 5% CAP | WEST VALLEY | 21719 Hart St
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