Address
7253 Jordan Avenue Canoga Park, CA
Price
$ 2,872,500
Property Attributes
  • MLS#SR20211110
  • TypeIncome
  • CountyLOS ANGELES
  • CityCanoga Park
  • AreaCanoga Park
  • Zip91303
  • Style
  • Price$ 2,872,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8868
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Greg Trotter with Coldwell Banker Realty.
Property Description

Outstanding opportunity to purchase a multifamily property in up and coming west valley. The property has approximately 45% upside potential in rents. There is security front key fob entry and remote controlled fear gate. Plentiful covered parking, spacious units, and on site laundry room. There are several schools covering K-12 within one mile of the property. The 7253 building's roof was replaced in 2016 and the soft story retrofit was completed this year. There are (12) 1BD + 1 BA, (2) 2BD + 1 BA, and (1) Studio apartment units. Canoga Park is bordered by the largest shopping centers in the valley and the regions central business district Warner Center. The Village on Topanga has added 98 stores and restaurants plus a Costco. These amenities are only 1.2M's from the property. Westfield's Promenade is a major redevelopment that will provide a new "downtown" for the valley including pedestrian pathways and tree-lined streets. There will be office, retail and residential units that will provide an estimated 49,000 new jobs by 2035. The property also has easy access to the L.A. Metro Orange Line Station at Canoga Blvd. and Sherman Way. The station has 207 free parking spaces and offers high speed transportation to 17 stations in the San Fernando Valley and other commuter rail stations. Separately metered for gas and electric. Located in an Opportunity Zone.

Price History
10/7/2020 Listed $2,872,500

General Features

Attached Structure Attached
Carport Spaces 14.00
Community Features Sidewalks
Cooling Wall/Window Unit(s)
Directions North one block of Sherman Way. Four blocks east of Topanga Canyon Blvd.
Garage Spaces 0.00
Heating Wall Furnace
Levels Two
Listagentaor Southland
Listing Agent Greg Trotter - BRE#00978695
Listing Agent State License 00978695
MLS Area CP - Canoga Park
Number of Units Leased 15
Pool Features None
Price Per Square Foot 323.92
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 15
Utilities Electricity Available, Natural Gas Available, Water Available
Zoning LAC2

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 8868.00
Lot Features Landscaped, Near Public Transit
Lot Size Acres 0.3228
Lot Size Area 14062.0000
Lot Size Source Assessor
Lot Size Square Feet 14062.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 17
Number of Separate Gas Meters 17
Number of Separate Water Meters 2
Total Parking 15.00
Uncovered Spaces 1.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91303

Price
AVG $3.36M
$2.87M
Visits
AVG 23
8
Year Built
AVG 1981
1959

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