7028 Alabama Avenue

    Canoga Park, CA 91303
    • $2,050,000
    • STATUS: Active Under Contract
    • ON SITE: 57 days
    • ID#: 18389750
    Under Contract
    UPDATED: 72 min ago
    $2,050,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,167
      SQFT
    • $286
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    * One Mile From The New Multi-Billion Dollar Downtown San Fernando Valley at Warner Center* Low Cost/Unit of $205,000* Potential: 6.07 % Cap rate & 6.25% Cash on Cash* 6.9% Effective Annualized Rent Increase within a 3 mile radius (REIS)* Transit Priority Area/T.O.C. Tier-2*7028 Alabama Avenue is a Well-Positioned Opportunity to take Advantage of the New Downtown San Fernando Valley at Warner Center. The Warner Center is currently undergoing a Multi-Billion Dollar Makeover as it turns itself into the Downtown of the San Fernando Valley. 7028 Alabama, being less than a mile from the Warner Center, allows Forward Thinking Investors the Opportunity to Purchase an Undervalued Asset. It has been proven that new developments change neighborhoods. With this burgeoning expansion and Multi-Billion Dollar Capital infusion to the Warner Center Downtown Makeover we expect to see outstanding growth in communities surrounding the Warner Center.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-21T08:27:15.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87894110

    7028 Alabama Avenue Canoga Park, CA 91303

    • Price: $2,050,000
    • Status: Active Under Contract
    • Updated: 72 min ago
    • ID#: 18389750
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,167
    SQFT
    $286
    $/SQFT
    1977
    Built
    Neighborhood:
    CP - Canoga Park
    County:
    Los Angeles
    Area:
    CP - Canoga Park
    Property Description
    * One Mile From The New Multi-Billion Dollar Downtown San Fernando Valley at Warner Center* Low Cost/Unit of $205,000* Potential: 6.07 % Cap rate & 6.25% Cash on Cash* 6.9% Effective Annualized Rent Increase within a 3 mile radius (REIS)* Transit Priority Area/T.O.C. Tier-2*7028 Alabama Avenue is a Well-Positioned Opportunity to take Advantage of the New Downtown San Fernando Valley at Warner Center. The Warner Center is currently undergoing a Multi-Billion Dollar Makeover as it turns itself into the Downtown of the San Fernando Valley. 7028 Alabama, being less than a mile from the Warner Center, allows Forward Thinking Investors the Opportunity to Purchase an Undervalued Asset. It has been proven that new developments change neighborhoods. With this burgeoning expansion and Multi-Billion Dollar Capital infusion to the Warner Center Downtown Makeover we expect to see outstanding growth in communities surrounding the Warner Center.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Subterranean Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Gross Multiplier 14.18 Gross Operating Income 144556.00 Improvements Amount 700285 Land Value 466857 Laundry YN Yes Net Operating Income 75740.00 Special Listing Conditions Standard Total Expenses 64479.00 Zoning Lar3

    Listing provided courtesy of Kelly Morgan of Keller Williams-Santa Monica.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-21T08:27:15.513. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604