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8371 Northgate Avenue

Canoga Park, CA 91304
  • $4,100,000
  • STATUS: Active Under Contract
  • ON SITE: 158 Days
  • ID#: 23330553
Under Contract
$4,100,000
  • 32
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,920
    SQFT
  • $258
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Gayle Factor of Marcus & Millichap (818-212-2700)


Description

Price Reduced by $450,000. The actual rent is from the rent roll as of February, 2024. The subject property is a 22 unit apartment building located at 8371 Northgate Avenue, Canoga Park, CA 91304. The property was built in 1964 and is located north of Roscoe Boulevard and just east of Topanga Canyon Boulevard on a cul de sac. The unit mix consists of thirteen one-bedroom/one-bath units, five two-bedroom/one-bath units, one two-bedroom/one and a half-bath unit, two two-bedroom/two-bath units, and one three-bedroom/two-bath unit. The building has an interior courtyard. There is a laundry room and the laundry machines are owned by the Seller. There is an assumable loan with Luther Burbank Savings in the amount of $1,500,000, fixed at 3.80% interest only, through August 2025, then the loan adjusts. The maturity date is August 1, 2050 and the amortization is 30 years.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/145186112
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8371 Northgate Avenue Canoga Park, CA 91304

  • Price: $4,100,000
  • Status: Active Under Contract
  • On Site: 158 Days
  • ID#: 23330553
32
Beds
0
Baths
0
½ Baths
0.4
Acres
15,920
SQFT
$258
$/SQFT
1964
Built
Neighborhood:
CP - Canoga Park
County:
Los Angeles
Area:
CP - Canoga Park
Property Description
Price Reduced by $450,000. The actual rent is from the rent roll as of February, 2024. The subject property is a 22 unit apartment building located at 8371 Northgate Avenue, Canoga Park, CA 91304. The property was built in 1964 and is located north of Roscoe Boulevard and just east of Topanga Canyon Boulevard on a cul de sac. The unit mix consists of thirteen one-bedroom/one-bath units, five two-bedroom/one-bath units, one two-bedroom/one and a half-bath unit, two two-bedroom/two-bath units, and one three-bedroom/two-bath unit. The building has an interior courtyard. There is a laundry room and the laundry machines are owned by the Seller. There is an assumable loan with Luther Burbank Savings in the amount of $1,500,000, fixed at 3.80% interest only, through August 2025, then the loan adjusts. The maturity date is August 1, 2050 and the amortization is 30 years.
Exterior Features

Parking Features CoveredUncovered Parking Total 22

Property Features

Association YN No Cap Rate 5.54 Gross Income 417518 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 227310 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Gayle Factor of Marcus & Millichap (818-212-2700)