Homes for sale - 7237 Variel AVE, Canoga Park, CA 91303

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Thomas Ryan

thomas@thomasryan.realestate +1(909) 334-2049

$ 5,150,000

Est. payment | -/mo

61 Beds

40 Baths

18,333 SqFt

Save

$ 5,150,000

Est. payment | -/mo

Save

61 Beds

40 Baths

18,333 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,333 sqft

Price per Sqft $280

MLS Listing ID 25484897

Bedrooms 61

HOA Y/N No

Year Built 1962

Lot Size 0.536 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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

7237 Variel AVE Canoga Park, CA 91303