7237 Variel Avenue, Canoga Park, CA 91303
-
Listed Price :
$5,150,000
-
Beds :
61
-
Baths :
40
-
Property Size :
18,333 sqft
-
Year Built :
1962
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.
Interior Features
| Laundry Information |
| Location(s) |
Laundry Room |
| Bedroom Information |
| Bedrooms |
61 |
| Bathroom Information |
| Bathrooms |
40 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
7237 Variel Avenue |
| City |
Canoga Park |
| State |
CA |
| Zip |
91303 |
| County |
Los Angeles |
| Listing Agent |
David Kaufman DRE #01217537 |
| Courtesy Of |
David Ballin Kaufman |
| List Price |
$5,150,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
18,333 |
| Lot Size |
23,351 |
| Year Built |
1962 |
Listing information courtesy of: David Kaufman, David Ballin Kaufman. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 17th, 2025 at 7:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
