Canoga Park, CA 91303,7323 Milwood AVE
See all 10 photos
Canoga Park, CA 91303,7323 Milwood AVE
Canoga Park, CA 91303,7323 Milwood AVE
Canoga Park, CA 91303,7323 Milwood AVE
Canoga Park, CA 91303,7323 Milwood AVE

$1,600,000

Est. payment /mo

$1,630,000

1.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

7323 Milwood AVE Canoga Park, CA 91303

8 Beds

12 Baths

5,328 SqFt

SOLD DATE : 03/05/2024

Key Details

Sold Price $1,600,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,328 sqft

Price per Sqft $300

MLS Listing ID 23325677

Sold Date 03/05/24

Bedrooms 8

HOA Y/N No

Year Built 1964

Lot Size 7,501 Sqft

Property Description

We are proud to present the sale of The Milwood Apartments, a well maintained 11 Unit multifamily property in the heart of Canoga Park. The unit mix consists of 6 (One Bedroom + One Bath), 2 ('Guest Room'/ Bedroom + One Bath), and 3 ('Guest Room' + One Bath) units. The property has undergone recent upgrades to the units which have passed SCEP inspections and are all up to code. The Guest Rooms are similar to other 'normal' apartment units with the only difference being that they have small kitchenettes; three of the Guest Rooms have a separate bedroom and two are similar to studios. The building is almost all electric except for the hot water which is powered by a newer central water heater. Tenants pay for their own electricity, which makes the operating expenses relatively low for the owner. Soft story retrofit was completed in 2021. There are 8 parking spaces all of which the owner collects additional income from. Priced at an incredible low price per unit, this deal will attract even the shrewdest investor! The Milwood Apartments are located in the heart of Canoga Park in The San Fernando Valley within close proximity to Sherman Way and Canoga Ave. Conveniently situated within a short driving distance to The West Field Topanga, The Topanga Village, Warner Center, and Pierce College. Moreover, the Sherman Way Orange Line Station is within a short walking distance making the Milwood Apartments an ideal location for any tenants looking to transit within the city. Other area highlights include ease of access to hospitals (Kaiser Permanente Woodland Hills), and schools (Hart Elementary School, Canoga Park Middle School, and Canoga Park High School).

Location

State CA

County Los Angeles

Area Cp - Canoga Park

Zoning LAR3

Interior

Heating None

Fireplace No

Exterior

Parking Features Covered

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2112024019

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Enrique Viramontes • Remax Commercial and Investment Realty
Bought with Hamid Nejad • KW Advisors

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.