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    7018 Alabama Ave

    Canoga Park, CA 91303
    • $5,500,000
    • STATUS: Active
    • ON SITE: 124 days
    • ID#: 20-610208
    Price Reduced
    UPDATED: 208 min ago
    $5,500,000
    • 24
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,280
      SQFT
    • $360
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present 7018 Alabama Avenue, a unique boutique brand new construction 9-unit apartment building located within a quarter mile of Westfield Topanga and The Village. The property is situated in a prime Warner Center adjacent location with convenient accessibility to the San Fernando Valleys premier live/work/play community.This trophy building is approximately 20,000 gross square feet with 12,000 square feet of living area, and it includes an excellent unit mix of four 2-bed / 2 bath, one 3-bed / 3 bath townhouse, three 3-bedroom, 3 bath plus den townhouses, and one 4-bedroom, 4 bath townhouse. Importantly, this property is located in a qualified opportunity zone, yielding major tax benefits for a potential buyer if the project is purchased prior to Certificate of Occupancy (CofO).

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T23:42:22.55. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/108287720
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    7018 Alabama Ave Canoga Park, CA 91303

    • Price: $5,500,000
    • Status: Active
    • Updated: 208 min ago
    • ID#: 20-610208
    24
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    15,280
    SQFT
    $360
    $/SQFT
    2020
    Built
    Neighborhood:
    Canoga Park
    County:
    Los Angeles
    Area:
    Canoga Park
    Property Description
    We are pleased to present 7018 Alabama Avenue, a unique boutique brand new construction 9-unit apartment building located within a quarter mile of Westfield Topanga and The Village. The property is situated in a prime Warner Center adjacent location with convenient accessibility to the San Fernando Valleys premier live/work/play community.This trophy building is approximately 20,000 gross square feet with 12,000 square feet of living area, and it includes an excellent unit mix of four 2-bed / 2 bath, one 3-bed / 3 bath townhouse, three 3-bedroom, 3 bath plus den townhouses, and one 4-bedroom, 4 bath townhouse. Importantly, this property is located in a qualified opportunity zone, yielding major tax benefits for a potential buyer if the project is purchased prior to Certificate of Occupancy (CofO).
    Exterior Features

    Covered Parking 10 Lot Size Area 7500 Other Structures Other Parking Garage Other Total Parking 17

    Interior Features

    Baths Total 23.00 Cooling Other Equipment Other Heating Other

    Property Features

    ADACompliance Yes Assessed Total Value 710940 Gross Income 390813 Gross Operating Income 410310 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 290426.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Total Annual Expense 100387 Type Of Units Standard Water Heaters YN Yes Year Built Source Builder Zoning Lar3

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T23:42:22.55. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211