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8750 Owensmouth Ave 20 Unit Apartment Building $4,258,532 CAD ($212,927 CAD/Unit) 5.11% Cap Rate Canoga Park, CA 91304
Investment Highlights
- Canoga Park location
- Significant Upside in Rents- Approximately 44% Upside
- Proximity to key employment hubs such as Warner Center, Westfield Topanga, The Village, and the broader West Valley business districts
- Desirable unit mix of eighteen (18) 1+1 units, two (2) 2+1 units, plus one (1) non-conforming studio unit
- Built in 1961 with approximately 15,888 square feet of rentable area on a 19,117 square foot lot
- Seismic Retrofit HAS NOT Been Completed and Roof is at the End of its Useful Life
Executive Summary
The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 8750 Owensmouth Avenue, a 20-unit apartment community with one (1) additional non-conforming unit, located in the Canoga Park neighborhood of the western San Fernando Valley. Built in 1961, the property offers 15,888 square feet of rentable area on a 19,117-square-foot lot.
The building features an efficient unit mix of eighteen (18) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and one (1) non-conforming studio unit, supported by spacious layouts and durable mid-century construction. These characteristics drive a strong tenant appeal and consistent occupancy, while still offering clear opportunities for modernization and value-add improvements.
8750 Owensmouth Avenue is minutes from Warner Center, Westfield Topanga, The Village, and numerous dining, retail, and entertainment amenities. Its proximity to major employment hubs, along with convenient access to the 101 and 118 Freeways, Metro bus lines, and the Orange Line, enhances its long-term renter demand.
Positioned in a supply-constrained and steadily growing submarket, 8750 Owensmouth Avenue presents a compelling opportunity to acquire a well-located multifamily property with stable income and strong potential for future appreciation.
The building features an efficient unit mix of eighteen (18) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and one (1) non-conforming studio unit, supported by spacious layouts and durable mid-century construction. These characteristics drive a strong tenant appeal and consistent occupancy, while still offering clear opportunities for modernization and value-add improvements.
8750 Owensmouth Avenue is minutes from Warner Center, Westfield Topanga, The Village, and numerous dining, retail, and entertainment amenities. Its proximity to major employment hubs, along with convenient access to the 101 and 118 Freeways, Metro bus lines, and the Orange Line, enhances its long-term renter demand.
Positioned in a supply-constrained and steadily growing submarket, 8750 Owensmouth Avenue presents a compelling opportunity to acquire a well-located multifamily property with stable income and strong potential for future appreciation.
Property Facts
| Price | $4,258,532 CAD | Building Class | C |
| Price Per Unit | $212,927 CAD | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 15,888 SF |
| Cap Rate | 5.11% | Average Occupancy | 95% |
| Gross Rent Multiplier | 9.49 | No. Stories | 2 |
| No. Units | 20 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 | ||
| Price | $4,258,532 CAD |
| Price Per Unit | $212,927 CAD |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| Gross Rent Multiplier | 9.49 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 15,888 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.26/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
| 2+1 | 2 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2779-041-012 | Improvements Assessment | $727,132 CAD |
| Land Assessment | $514,579 CAD | Total Assessment | $1,241,711 CAD |
Property Taxes
Parcel Number
2779-041-012
Land Assessment
$514,579 CAD
Improvements Assessment
$727,132 CAD
Total Assessment
$1,241,711 CAD
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8750 Owensmouth Ave
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