$5,150,000
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7237 Variel Avenue Canoga Park, CA 91303
Cluster
Residence
61
Beds
40
Baths
...
Bed/Bath
18,333
Sq. Ft.
Property Activity
Time on Site
days
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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.
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MLS#
25484897
Property Type
Cluster
Bedrooms
61
Bathrooms
Year Built
1962
Square Feet
18,333
sq. ft
Lot Size
0.54
Stories
2.0
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