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7018 Alabama Avenue, Canoga Park, CA 91303
Priced at Only: $5,100,000
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Address: 7018 Alabama Avenue, Canoga Park, CA 91303
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  • MLS#: 26639467 ( )
  • Street Address: 7018 Alabama Avenue
  • Viewed: 7
  • Price: $5,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2020
  • Bldg sqft: 0
  • Days On Market: 30
  • Additional Information
  • County: LOS ANGELES
  • City: Canoga Park
  • Zipcode: 91303
  • Provided by: Marcus & Millichap
  • Contact: Filip Filip
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present the 2020 constructed, nine unit multifamily community located at 7018 Alabama Avenue in Canoga Park, California, within a quarter mile of Westeld Topanga and The Village. The Offering features a highly desirable unit mix consisting of four two bed/two bath ats, one three bed/three bath townhouse, three three bed/three bath + den townhouses, and one four bed/four bath townhouse, catering to high income households seeking space, privacy, and modern nishes. The property benets from its location within the rapidly evolving West Valley submarket, and from its immediate proximity to Warner Center, an established and expanding employment and lifestyle hub. Warner Center is currently experiencing over $5 billion in capital investment across major ofce, retail, hospitality, and residential developments, reinforcing long term demand fundamentals. Additionally, the Offering is surrounded by afuent, high barrier neighborhoods including Woodland Hills, Calabasas, Hidden Hills, and West Hills, and is a short drive to Westeld Topanga and The Village, the third largest shopping center in the United States, offering best in class retail, dining, and entertainment amenities.The Offering is a townhouse style, non rent controlled luxury community representing one of the newer vintage multifamily assets in the West Valley. Residences are designed with open oor plans, expansive windows, and generous balconies and sliders, delivering abundant natural light and indoor outdoor living. Interior nishes include custom European cabinetry, Grohe xtures, quartz surfaces, hardwood ooring, digital climate control, and en suite laundry, complemented by Samsung appliance packages, gas ranges, and full kitchens equipped with refrigerators, microwaves, dishwashers, and disposals. The community offers a curated set of modern amenities and infrastructure features uncommon for boutique assets, including a rooftop deck, EV charger hookups, elevator access, secured storage areas, and a state of the art security system with controlled/gated access and private nighttime security. These features support premium rents, tenant retention, and long term asset competitiveness.Furthermore, the property boasts walkable access to the Metro Orange Line, providing direct connectivity to North Hollywood and the broader Los Angeles transit network. Overall, this turnkey, non rent controlled investment presents a rare opportunity to acquire a 2020 vintage luxury multifamily asset in a supply constrained, high income West Valley location with strong demographic tailwinds and long term growth drivers.
Features
Appliances
  1. Microwave
  2. Refrigerator
Building Area Total
  1. 11765.00
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Central
Levels
  1. Three Or More
Netoperatingincome
  1. 268740.00
Parcel Number
  1. 2138013009
Parking Features
  1. Assigned
Sourcesystemkey
  1. 26639467:CLAW
Totalexpenses
  1. 110851.00
Year Built
  1. 2020
Year Built Source
  1. Assessor
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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