7248 Alabama Avenue Canoga Park, CA $ 3,035,000
7248 Alabama Avenue
$ 3,035,000
Share Save

7248 Alabama Avenue

Canoga Park, CA, 91303
$ 3,035,000
Bedrooms22 Baths22.0 Sq 9,760

Monthly Estimate*

$ 21,200

Listed by Matthews Real Estate Investment Services
7248 Alabama Avenue, Canoga Park, CA 91303 - Image 1
7248 Alabama Avenue, Canoga Park, CA 91303 - Image 2
7248 Alabama Avenue, Canoga Park, CA 91303 - Image 3
7248 Alabama Avenue, Canoga Park, CA 91303 - Image 4
7248 Alabama Avenue, Canoga Park, CA 91303 - Image 5
7248 Alabama Avenue, Canoga Park, CA 91303 - Image 6

Multi-Family Home for sale in Canoga Park, CA

for $3,035,000 with 22 bedrooms and 22 full baths. This 9,760 square foot home was built in 1990 on a lot size of 0.1722.

7248 Alabama Ave is an exceptional 12-unit value-add apartment complex nestled in the heart of Canoga Park, CA. Constructed in 1990, this property offers an appealing unit mix, featuring (4) One Bedroom, One Bathroom units and (8) Two Bedroom, Two Bathroom Units. Notably, tenants enjoy the luxury of Central Air Conditioning and Heating, ensuring their comfort year-round.One standout feature of this property is its generous and secure parking facilities, providing ample parking spaces for tenants, which is a highly valued amenity in the rental market.Strategically situated just north of the Warner Center, a thriving hub in the Western San Fernando Valley, this property enjoys a highly advantageous location. Its convenience is further underscored by its proximity to Pierce College and Westfield Topanga, making it an attractive choice for potential tenants.Additionally, the surrounding area is enriched with numerous schools and parks, offering residents ample opportunities for recreation and leisure. In terms of transportation, the property is excellently positioned to access public transportation options, making it a well-connected choice for prospective tenants and investors alike.

See more

Multi-Family Active

Price

$ 3,035,000

Bedrooms

22

Full Bath

22

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1722

Year Built

1990

Town/City

Canoga Park

County/Region

Los Angeles

MLS | Web ID

24354597

Days on Market

85

Features
General
Zoning LAC2
Year Built 1990
Levels ThreeOrMore
Gross Income 210750.0
County Los Angeles
Net Operating Income 119493.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status ActiveUnderContract
Directions North of Sherman Way; South of Wyandotte St
City Canoga Park
View Y/N N
Senior Community Y/N N
Total Units 12
MLS Area CP - Canoga Park
Lot Size Square Feet 7503.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Alabama
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 70
Standard Status ActiveUnderContract
Year Built Source Other
Cap Rate 3.94
See more
Exterior
Total Parking 11.0
Lot Size Area 7503.0
Number of Buildings 1
Spa N
Building Area Total 9760.0
Lot Size Acres 0.1722
Lot Size Units SquareFeet
Lot Size Source Other
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 22
Electric On Property Y/N N
Total Baths 22
See more
Internal Only
Street Number 1 7248
See more
* Excluded Features
List By
Matthews Real Estate Investment Services

Broker

(818) 923-6107

Phone

Affordability Calculator

$21,200
Per Month
100%
0%
0%
Monthly Principal & Interest
$21,200
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/2/2024$3,035,000 Listed Price

Map


See all

7248 Alabama Avenue, Canoga Park, CA, 91303 is a Multi-Family Home for sale at $3,035,000 with 9,760 sqft and a lot size of 0.1722. 7248 Alabama Avenue has 22 bedrooms, 22.0 baths, and was built in 1990. The property's zip code is 91303 which is in Canoga Park, CA