Log In/Sign Up
Your email has been sent.
7028 Alabama Ave 10 Unit Apartment Building $2,293,181 CAD ($229,318 CAD/Unit) 6.13% Cap Rate Canoga Park, CA 91303
Investment Highlights
- Adjacent to Warner Center
- Substanital redevelopment opportunity
- Gated sub-terranean parking - 12 spaces
- 2.5 blocks north of Vanowen, west of Canoga
- Built in 1977
- All one bedroom, one bath units
Executive Summary
The Alabama property currently consists of ten, one bedroom, one bath multifamily units built over sub-terranean parking.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$260,031
|
$36.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,200
|
$0.73
|
| Effective Gross Income |
$254,830
|
$35.56
|
| Taxes |
-
|
-
|
| Operating Expenses |
$114,362
|
$15.96
|
| Total Expenses |
$114,362
|
$15.96
|
| Net Operating Income |
$140,468
|
$19.60
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $260,031 |
| Annual Per SF | $36.28 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,200 |
| Annual Per SF | $0.73 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $254,830 |
| Annual Per SF | $35.56 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $114,362 |
| Annual Per SF | $15.96 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $114,362 |
| Annual Per SF | $15.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $140,468 |
| Annual Per SF | $19.60 |
Property Facts Under Contract
| Price | $2,293,181 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $229,318 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.13% | Building Size | 7,167 SF |
| Gross Rent Multiplier | 8.82 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1977 |
| Property Type | Multifamily | Parking Ratio | 1.67/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3 - Multiple Dwelling | ||
| Price | $2,293,181 CAD |
| Price Per Unit | $229,318 CAD |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| Gross Rent Multiplier | 8.82 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,167 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 695 |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 2138-013-007 | Total Assessment | $3,051,323 CAD |
| Land Assessment | $1,373,869 CAD | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,677,454 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2138-013-007
Land Assessment
$1,373,869 CAD
Improvements Assessment
$1,677,454 CAD
Total Assessment
$3,051,323 CAD
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 33
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
7028 Alabama Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.