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8000 Owensmouth Ave 10 Unit Apartment Building $3,172,934 CAD ($317,293 CAD/Unit) 5.34% Cap Rate Canoga Park, CA 91304
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
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,172,934 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $317,293 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
|
| Zoning | R3, Los Angeles | ||
| Price | $3,172,934 CAD |
| Price Per Unit | $317,293 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 | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2110-018-001 | Total Assessment | $1,789,429 CAD |
| Land Assessment | $1,073,660 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $715,769 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2110-018-001
Land Assessment
$1,073,660 CAD
Improvements Assessment
$715,769 CAD
Total Assessment
$1,789,429 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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8000 Owensmouth Ave
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