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8000 Owensmouth Ave
Canoga Park, CA 91304
Multifamily Property For Sale
·
10 Units
Investment Highlights
- 10-unit, 100% leased multifamily in Canoga Park offered at $2,249,000 — just $224,900/unit, roughly 39% below the LA metro average.
- One mile from the $10B Rams Village and inside the Warner Center 2035 Specific Plan area, with a Walk Score of 86.
- Clear value-add upside with projected NOI growth from $120,081 to $183,850, lifting the cap rate from 5.34% to 8.17%.
Executive Summary
10-Unit Value-Add Multifamily | $2,249,000
First Capital Investment Realty presents 8000 Owensmouth Avenue, a 100%-leased, 10-unit multifamily asset in the heart of Canoga Park. Built in 1959 and held by the same owner since 2011, the property offers 7,492 SF across eight 1BR/1BA and two 2BR/1BA units on a 9,855 SF LAR3 corner lot.
Priced at $224,900 per unit (roughly 39% below the LA metro average), the asset pairs stable in-place income with a clear value-add path. A turnover-driven renovation program is projected to grow NOI from $120,081 to $183,850, lifting the cap rate from 5.34% to 8.17%.
Located about one mile from the $10 billion Rams Village development and within the 1,100-acre Warner Center 2035 Specific Plan area, the property carries a Walk Score of 86 with easy access to Westfield Topanga, Warner Center employers, transit, and the 101 freeway.
A textbook, low-risk value-add opportunity in one of the San Fernando Valley's fastest-transforming submarkets.
Contact: Farhad Navazi, MBA · Investment Broker · First Capital Investment Realty
310-273-5393 · Farhad@firstcapinvestment.com · DRE# 01954850
First Capital Investment Realty presents 8000 Owensmouth Avenue, a 100%-leased, 10-unit multifamily asset in the heart of Canoga Park. Built in 1959 and held by the same owner since 2011, the property offers 7,492 SF across eight 1BR/1BA and two 2BR/1BA units on a 9,855 SF LAR3 corner lot.
Priced at $224,900 per unit (roughly 39% below the LA metro average), the asset pairs stable in-place income with a clear value-add path. A turnover-driven renovation program is projected to grow NOI from $120,081 to $183,850, lifting the cap rate from 5.34% to 8.17%.
Located about one mile from the $10 billion Rams Village development and within the 1,100-acre Warner Center 2035 Specific Plan area, the property carries a Walk Score of 86 with easy access to Westfield Topanga, Warner Center employers, transit, and the 101 freeway.
A textbook, low-risk value-add opportunity in one of the San Fernando Valley's fastest-transforming submarkets.
Contact: Farhad Navazi, MBA · Investment Broker · First Capital Investment Realty
310-273-5393 · Farhad@firstcapinvestment.com · DRE# 01954850
Property Facts
| Price Per Unit | $313,598 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.34% | Building Size | 7,492 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.2 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3, Los Angeles | ||
| Price Per Unit | $313,598 CAD |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.2 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,492 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Ceiling Fans
- Oven
Site Amenities
- Fenced Lot
- Laundry Facilities
- Gas Range
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 2 | - | - |
Property Taxes
| Parcel Number | 2110-018-001 | Improvements Assessment | $711,072 CAD |
| Land Assessment | $1,066,615 CAD | Total Assessment | $1,777,687 CAD |
Property Taxes
Parcel Number
2110-018-001
Land Assessment
$1,066,615 CAD
Improvements Assessment
$711,072 CAD
Total Assessment
$1,777,687 CAD
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