7018 Alabama Avenue — Sale in Canoga Park, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Canoga Park, CA 91303

Investment Figures

Cap rate
5.27%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present a 2020-constructed, nine-unit multifamily community located at 7018 Alabama Avenue in Canoga Park, California, within a quarter mile of Westfield Topanga and The Village. The Offering features a highly desirable unit mix consisting of four (4) two-bedroom/two-bath flats, one (1) three-bedroom/three-bath townhouse, three (3) three-bedroom/three-bath townhouses with dens, and one (1) four-bedroom/four-bath townhouse—catering to high-income households seeking space, privacy, and modern finishes. The property benefits from its location within the rapidly evolving West Valley submarket and its immediate proximity to Warner Center, an established and expanding employment and lifestyle hub. Warner Center is currently experiencing over $5 billion in capital investment across major office, retail, hospitality, and residential developments, reinforcing long-term housing demand fundamentals. Additionally, the Offering is surrounded by affluent, high-barrier neighborhoods including Woodland Hills, Calabasas, Hidden Hills, and West Hills, and is a short drive to Westfield Topanga and The Village, the third-largest shopping center in the United States, offering best-in-class retail, dining, and entertainment amenities. The Offering is a townhouse-style luxury community representing one of the newer-vintage multifamily assets in the West Valley. While the property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), its 2020 construction, large average unit sizes, and high-income tenant profile position the asset favorably for long-term income stability, strong tenant retention, and predictable operations. Residences are designed with open floor plans, expansive windows, and generous balconies and sliders, delivering abundant natural light and indoor-outdoor living. Interior finishes include custom European cabinetry, Grohe fixtures, quartz surfaces, hardwood flooring, digital climate control, and en-suite laundry, comp

Market Context

This multifamily in Canoga Park, CA is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Canoga Park, CA — view the full market.

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