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Key Details
Sold Price $5,550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 18,389 sqft
Price per Sqft $301
MLS Listing ID 18313636
Sold Date 05/08/18
HOA Y/N No
Year Built 1979
Property Description
CALL FOR OFFERS (FRIDAY, FEBRUARY 23rd at 3:00pm) CONTACT LISTING AGENT TO SCHEDULE PROPERTY TOUR.VALUE ADD OPPORTUNITY - RENT SIGNIFICANTLY BELOW MARKET (35% upside in rents)Matthews Real Estate Investment Services is pleased to offer for sale the Independence Apartments, a 29-unit apartment building located in Canoga Park, CA. The asset was built in 1979 and is not subject to rent control. The property has an excellent unit mix including 18 Studio units, 9 one-bedroom / one-bathroom units, 1 two-bedroom / one-bathroom units, and 1 two-bedroom / two and a half bathroom units. The property also boasts a strong amenity package including gated parking spaces (open and tuck-under), intercom entry, a swimming pool, and an on-site laundry facility, Unit amenities include central air and heat, spacious floor plans, with some units with patios and balconies.
Location
State CA
County Los Angeles
Area Cp - Canoga Park
Zoning LAR3
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Fireplace No
Laundry See Remarks
Exterior
Garage Assigned
Parking Type Assigned
Building
Lot Description Sprinklers None
Story 2
Others
Tax ID 2779010050
Special Listing Condition Standard
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Bought with Grady Liu • MacroReal Inv Grp Inc.
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