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$ 5,150,000
Est. payment /mo
Active
7237 Variel AVE Canoga Park, CA 91303
61 Beds
40 Baths
23,413 SqFt
UPDATED:
01/28/2025 08:30 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,413 sqft
Price per Sqft $219
MLS Listing ID 25484897
Bedrooms 61
HOA Y/N No
Year Built 1962
Lot Size 0.629 Acres
Property Description
Variel Towers, a 25-unit apartment building, is comprised of four (4) 1 bedroom + 1 bath units, six (6) 2 bedroom + 1 bath units, ten (10) 2 bedroom + 2 bath units, five (5) 3 bedroom + 2 bath units. This hidden gem offers a quiet, landscaped central courtyard, private balconies/patios and spacious floorplans, and most units feature wood flooring and ceiling fans. Less than one mile from Warner Center, Westfield Topanga, and the Village, Variel Towers has a prime south San Fernando Valley location. The building is also proximate to Woodland Hills, Calabasas, Pierce College, Ventura Blvd, and the 101 Freeway, with various public transportation options nearby, as well. Variel Towers is fully gated and secure, with 23 car covered parking in rear. The building has a laundry room on-site and is separately metered for gas and electric. Rents are currently below market, with excellent +40% upside. The current Cap Rate is 6.00% and current GRM is 9.74.
Location
State CA
County Los Angeles
Area Cp - Canoga Park
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Laundry Laundry Room
Exterior
Parking Features Gated
Pool None
Community Features Gated
Total Parking Spaces 25
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2112022023
Security Features Gated Community
Special Listing Condition Standard
Listed by David Kaufman • David Ballin Kaufman