7237 Variel Ave new Save Request In-Person Tour Request Virtual Tour
Canoga Park,CA 91303
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,333 sqft
Price per Sqft $280
MLS Listing ID 25-484897
Bedrooms 61
Year Built 1962
Lot Size 0.536 Acres
Acres 0.6297
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 Canoga Park
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window, Window Unit(s)
Equipment Refrigerator, Range/Oven
Laundry Room
Exterior
Parking Features Gated
Garage Spaces 25.0
Pool None
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard