CA > Canoga Park
Canoga Park, CA 91303,7237 Variel Ave
Canoga Park, CA 91303,7237 Variel Ave
Canoga Park, CA 91303,7237 Variel Ave
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$5,150,000
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61 BD
40 BA
18,333 SqFt
New

7237 Variel Ave Canoga Park, CA 91303

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Joshua Shorter

Joshua Shorter

+1(702) 728-0089

UPDATED:

01/17/2025 06:14 PM

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

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by David Ballin Kaufman

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Joshua Shorter

RE.S.0191694

+1(702) 728-0089

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7237 Variel Ave