7025 Vassar Ave - Apartments FOR SALE


Canoga Park, CA 91303
$4,999,999 USD
714-439-7237
7025 Vassar Ave, Canoga Park, CA for Sale
$4,999,999 USD
Apartments - FOR SALE
1/9
null | 5.74% Cap Rate

7025 Vassar Ave
Canoga Park, CA 91303


HIGHLIGHTS

  • In a Qualified Federal Opportunity Zone
  • Secured and Dedicated Parking
  • Proforma Cap Rate: 5.21%
  • Rents currently positioned below market levels, providing the opportunity for the buyer to increase rental income.

OVERVIEW

Welcome to 7025 Vassar Avenue. This property presents a unique opportunity for investors to significantly increase value through targeted renovations and improved management. This strategically located complex offers significant upside potential for investors with a vision. With some light renovations and operational improvements, this property can see substantial appreciation in both value and rental income. Its prime location near the Westfield Topanga & The Village ensures high tenant demand and rental growth opportunities.

FOR SALE DETAILS

PRICE

$4,999,999 USD

PRICE/SF

$354 USD /SF

# OF UNITS

18

PRICE/UNIT

$277,778

CAP RATE

5.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R3-1, City of L.A.

APN/PARCEL ID

2138-002-022

ASK ABOUT THIS PROPERTY

Kevin KimCirca Properties, Inc.More Info
714-439-7237

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Kevin KimCirca Properties, Inc.More Info
714-439-7237

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.