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9015 Owensmouth Ave 20 Unit Apartment Building $8,062,000 CAD ($403,100 CAD/Unit) 5% Cap Rate Canoga Park, CA 91304
Investment Highlights
- 20-unit townhome-style multifamily asset with ±24,500 SF on ±1.10 acres in Canoga Park
- Excellent unit mix: (10) 4+2 and (10) 3+1.5, all townhome style units
- Immediate proximity to Westfield Topanga & The Village and major employers
- Current NOI of ±$289,922 and 5% cap rate with significant rental upside
- Rare ADU opportunity: up to 13 new ADUs possible for value-add upside
- LAR3 zoning in Opportunity Zone with future redevelopment potential up to 102 units
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $8,062,000 CAD | Building Class | C |
| Price Per Unit | $403,100 CAD | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 24,500 SF |
| Cap Rate | 5% | No. Stories | 2 |
| No. Units | 20 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | LAR3 - Restricted Density Multiple Dwelling | ||
| Price | $8,062,000 CAD |
| Price Per Unit | $403,100 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 24,500 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.43/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2779-020-042 | Improvements Assessment | $1,966,638 CAD |
| Land Assessment | $744,819 CAD | Total Assessment | $2,711,456 CAD |
Property Taxes
Parcel Number
2779-020-042
Land Assessment
$744,819 CAD
Improvements Assessment
$1,966,638 CAD
Total Assessment
$2,711,456 CAD
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9015 Owensmouth Ave
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