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7337 Independence Avenue

Canoga Park, CA 91303

SOLD
Property Summary

Price:

Cap Rate:

GRM:

Gross Sq Ft:

Lot Size:

Approx Year Built:

Units:

Price Per Unit:

Price Per Sq Ft:

$4,075,000

 5.90%

9.64

29,810

30,113

1963

30

$135,833

$136

Deal Highlights

  • Sold at 100% of Asking Price

  • Multiple Offers

  • All Cash / 45 Day Close

Asset Highlights

  • Excellent Unit Mix, Majority Two-Bedroom/Two-

  • Bathroom Units

  • Units Have Balconies

  • Upside in Rents

  • Dense Rental Pocket of Canoga Park

  • Multiple Gated Parking Spaces

  • Secure Entry & Onsite Security Camera Surveillance

  • Bright & Spacious Units

Property Description

The Frydman Group is proud to present 7337 Independence Avenue located in Canoga Park, California. This 30-unit, well-maintained, rent controlled apartment built in 1963 is located in between is Sherman Way and Saticoy Street just west of De Soto Avenue. adjacent to Canoga Park and is located between Winnetka Avenue and Corbin Avenue.

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Sherman Way is a major thoroughfare with a high traffic count and encompasses a broad retail base of restaurants, cafés, grocery stores, service stations, and other urban amenities.

 

The subject property enjoys bright and spacious units totaling 29,810 square feet. The unit mix consists of 22 two bedroom/one-bathroom units, one two bedroom/one and a half bathroom units and seven three-bedroom/two-bathroom units.

 

The property amenities include on-site laundry, gated entry, courtyard area, and sparkling pool. The tenants can benefit from the subject's proximity to Pierce College, Cal State University Northridge, Warner Center, 101 and 118 Freeways, and Northridge Plaza Shopping Center.

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