Request More Info
Schedule a Showing
Share
Print
|
Approximately 40% Rental Upside to Market, translating into a 9.82% market cap rate. Significant Mark-to-Market Opportunity. This 20-unit apartment community, built in 1972, features an attractive townhome-style unit mix consisting of ten 4-bedroom/2-bath units and ten 3-bedroom/1.5-bath units. The property sits on approximately 1.10 acres with 24,500 square feet of building area and 40 parking spaces. Zoned LAR3 and located within an Opportunity Zone, the property also offers substantial value-add potential, including the opportunity for up to 13 new ADUs through a combination of conversions, detached construction, and a potential attached ADU. Longer-term redevelopment potential includes approximately 60 units by right and up to 102 units utilizing Tier 3 TOC incentives. Located just off Topanga Canyon Boulevard, the property offers convenient access to Westfield Topanga & The Village, Warner Center, CSUN, Pierce College, Kaiser Permanente Woodland Hills Medical Center, and Northridge Fashion Center. The location provides strong regional connectivity via the Ventura (US-101) and Ronald Reagan (SR-118) Freeways, offering access throughout the San Fernando Valley, Downtown Los Angeles, and Ventura County. The surrounding area benefits from a dense residential base, major employment centers, retail and entertainment amenities, Metro transit access, and continued multifamily and mixed-use development within the Warner Center area.
Property Type(s):
Residential Income
| Last Updated | 9/24/2026 | Year Built | 1972 |
|---|---|---|---|
| Community | CP - Canoga Park | County | Los Angeles |
Price History
| Prior to May 22, '26 | $5,800,000 |
|---|---|
| May 22, '26 - Jun 30, '26 | $5,400,000 |
| Jun 30, '26 - Sep 24, '26 | $5,160,000 |
| Sep 24, '26 - Today | $5,095,000 |
Additional Details
| AREA | CP - Canoga Park |
|---|---|
| LOT | 1.105 acre(s) |
| LOT DIMENSIONS | 48132 |
| PARKING | Assigned |
| STORIES | Split/Multi Level |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Matthews Real Estate Investment Services
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email