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$ 2,950,000
Est. payment | /mo
5 Beds
5 Baths
$ 2,950,000
Est. payment | /mo
5 Beds
5 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25124036
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 7049 Vassar Ave, a rare investment opportunity located in the highly sought-after neighborhood of Canoga Park in the San Fernando Valley. This well-maintained 17-unit apartment complex offers a desirable unit mix consisting of 8 singles, 5 one-bed/one-bath, 1 two-bed/one-bath, and 3 two-bed/two-bath units. Perfectly positioned in a high-demand rental market, this asset presents a compelling opportunity for investors seeking value-add potential and long-term stability. The property features individually metered gas and electric, helping reduce owner expenses and improve operational efficiency. Recent capital improvements include copper plumbing throughout the building and completed seismic retrofitting, providing both peace of mind and compliance with city regulations. Additional amenities include on-site parking, on-site laundry, and alley access, enhancing convenience for tenants. Located just minutes from major shopping and entertainment destinations, residents enjoy proximity to Westfield Topanga Mall, The Village at Topanga, Costco Wholesale, and Home Depot. Commuters will appreciate the propertys easy access to the 101 Freeway and local public transit, while students benefit from the short distance to Pierce College. This strategic location ensures strong tenant demand and low vacancy rates. With tremendous rental upside potential, 7049 Vassar Ave is a turnkey investment opportunity in one of Los Angeles' most active rental corridors. Whether you're expanding your portfolio or entering the multifamily market, this property offers location, stability, and ups
Location
State CA
County Los Angeles
Zoning Public Rec
Direction South of Sherman Way & East of the 27
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 2138002026
Listed by James Antonucci Keller Williams Realty-Studio City
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Patrick Cohen
REALTOR® | Lic# 1936110