7049 Vassar Avenue, Canoga Park, CA 91303
  • MLS#: SR25124036 ( Apartment )
  • Street Address: 7049 Vassar Avenue
  • Viewed: 1
  • Price: $2,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 31
  • Additional Information
  • County: LOS ANGELES
  • City: Canoga Park
  • Zipcode: 91303
  • Provided by: Keller Williams Realty-Studio City
  • Contact: James James
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Welcome to 7049 Vassar Ave, a rare investment opportunity located in the highly sought after neighborhood of Canoga Park in the San Fernando Valley. This well maintained 17 unit apartment complex offers a desirable unit mix consisting of 8 singles, 5 one bed/one bath, 1 two bed/one bath, and 3 two bed/two bath units. Perfectly positioned in a high demand rental market, this asset presents a compelling opportunity for investors seeking value add potential and long term stability. The property features individually metered gas and electric, helping reduce owner expenses and improve operational efficiency. Recent capital improvements include copper plumbing throughout the building and completed seismic retrofitting, providing both peace of mind and compliance with city regulations. Additional amenities include on site parking, on site laundry, and alley access, enhancing convenience for tenants. Located just minutes from major shopping and entertainment destinations, residents enjoy proximity to Westfield Topanga Mall, The Village at Topanga, Costco Wholesale, and Home Depot. Commuters will appreciate the propertys easy access to the 101 Freeway and local public transit, while students benefit from the short distance to Pierce College. This strategic location ensures strong tenant demand and low vacancy rates. With tremendous rental upside potential, 7049 Vassar Ave is a turnkey investment opportunity in one of Los Angeles' most active rental corridors. Whether you're expanding your portfolio or entering the multifamily market, this property offers location, stability, and upside all in one package. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
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Features
Building Area Total
  1. 9883.00
Cable Tv Expense
  1. 0.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 7880.00
Fuel Expense
  1. 7880.00
Furniture Replacement Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1500.00
Insurance Expense
  1. 12848.00
Laundry Features
  1. Common Area
  2. Community
Levels
  1. Two
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 137867.00
Newtaxesexpense
  1. 36875.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Otherexpense
  1. 3400.00
Otherexpensedescription
  1. reserves
Parcel Number
  1. 2138002026
Pest Control Expense
  1. 1200.00
Pool Expense
  1. 0.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 18230.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 440079118:CRM
Suppliesexpense
  1. 0.00
Taxblock
  1. 77
Totalactualrent
  1. 21628.00
Totalexpenses
  1. 113883.00
Trash Expense
  1. 6120.00
Vacancyallowance
  1. 7786
Virtual Tour Url
  1. https://vimeo.com/aplagroup/7049vassaravemls
Water Sewer Expense
  1. 7880.00
Water Source
  1. Public
Workmanscompensationexpense
  1. 0.00
Year Built
  1. 1964
Year Built Source
  1. Public Records
Zoning
  1. LAR3