Price Reduced by $450,000. The actual rent is from the rent roll as of February, 2024. The subject property is a 22 unit apartment building located at 8371 Northgate Avenue, Canoga Park, CA 91304. The property was built in 1964 and is located north of Roscoe Boulevard and just east of Topanga Canyon Boulevard on a cul de sac. The unit mix consists of thirteen one-bedroom/one-bath units, five two-bedroom/one-bath units, one two-bedroom/one and a half-bath unit, two two-bedroom/two-bath units, and one three-bedroom/two-bath unit. The building has an interior courtyard. There is a laundry room and the laundry machines are owned by the Seller. There is an assumable loan with Luther Burbank Savings in the amount of $1,500,000, fixed at 3.80% interest only, through August 2025, then the loan adjusts. The maturity date is August 1, 2050 and the amortization is 30 years.
Property Type :
Residential Income
County :
Los Angeles
Style :
Residential Income
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ByOwner last updated this listing 05/04/2024 @ 20:54
MLS: 23330553
LISTED BY: Gayle Factor, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
