Canoga Park, CA 91303,7028 ALABAMA AVE
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Canoga Park, CA 91303,7028 ALABAMA AVE

$1,970,000

Est. payment /mo

$2,050,000

3.9%
Est.Price: ?

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7028 ALABAMA AVE Canoga Park, CA 91303

7,501 Sqft Lot

SOLD DATE : 12/28/2018

Key Details

Sold Price $1,970,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 18389750

Sold Date 12/28/18

HOA Y/N No

Year Built 1977

Lot Size 7,501 Sqft

Property Description

* One Mile From The New Multi-Billion Dollar Downtown San Fernando Valley at Warner Center* Low Cost/Unit of $205,000* Potential: 6.07 % Cap rate & 6.25% Cash on Cash* 6.9% Effective Annualized Rent Increase within a 3 mile radius (REIS)* Transit Priority Area/T.O.C. Tier-2*7028 Alabama Avenue is a Well-Positioned Opportunity to take Advantage of the New Downtown San Fernando Valley at Warner Center. The Warner Center is currently undergoing a Multi-Billion Dollar Makeover as it turns itself into the Downtown of the San Fernando Valley. 7028 Alabama, being less than a mile from the Warner Center, allows Forward Thinking Investors the Opportunity to Purchase an Undervalued Asset. It has been proven that new developments change neighborhoods. With this burgeoning expansion and Multi-Billion Dollar Capital infusion to the Warner Center Downtown Makeover we expect to see outstanding growth in communities surrounding the Warner Center.

Location

State CA

County Los Angeles

Area Cp - Canoga Park

Zoning LAR3

Interior

Fireplace No

Laundry See Remarks

Exterior

Parking Features Underground

Building

Story 1

Others

Tax ID 2138013007

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kelly Morgan • Keller Williams-Santa Monica
Bought with Kelly Morgan • Keller Williams-Santa Monica
agent

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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