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    7253 Jordan Avenue

    Canoga Park, CA 91303
    • $2,872,500
    • STATUS: Active Under Contract
    • ON SITE: 100 days
    • ID#: SR20211110
    Under Contract
    UPDATED: 54 min ago
    $2,872,500
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,868
      SQFT
    • $324
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    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.

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    Based on information from CRISNet MLS as of 2021-01-16T15:56:05.197. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-01-16T15:56:05.197. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/110792315
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    7253 Jordan Avenue Canoga Park, CA 91303

    • Price: $2,872,500
    • Status: Active Under Contract
    • Updated: 54 min ago
    • ID#: SR20211110
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    8,868
    SQFT
    $324
    $/SQFT
    1959
    Built
    Neighborhood:
    Cp - Canoga Park
    County:
    Los Angeles
    Area:
    Cp - Canoga Park
    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.
    Exterior Features

    Carport Spaces 14.00 Levels Two Lot Features LandscapedNear Public Transit Lot Size Area 14062.0000 Parking Total 15.00 Uncovered Spaces 1.00

    Interior Features

    Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Laundry Features Community Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features Sidewalks Electric Expense 1835.00 Fuel Expense 2785.00 Gardener Expense 1500.00 Gross Income 196820.00 Gross Multiplier 14.55 Gross Operating Income 191439.00 Gross Scheduled Income 197360.00 Insurance Expense 5425.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 2000.00 Maintenance Expense 5743.00 Net Operating Income 118900.00 New Construction YN No New Taxes Expense 35906.00 Number Of Separate Electric Meters 17 Number Of Separate Gas Meters 17 Number Of Separate Water Meters 2 Number Of Units Leased 15 Operating Expense 72539.00 Pest Control Expense 1080.00 Pool Features None Pool Private YN No Professional Management Expense 0.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 72539.00 Trash Expense 5200.00 Utilities Electricity AvailableNatural Gas AvailableWater Available Water Sewer Expense 11790.00 Water Source Public Zoning Lac2

    Listing provided courtesy of Greg Trotter, CA DRE# 00978695, of Coldwell Banker Realty.


    Based on information from CRISNet MLS as of 2021-01-16T15:56:05.197. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-01-16T15:56:05.197. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377