7237 Variel Avenue

Canoga Park, CA 91303

  • 61 Bed(s)
  • 0 Bath(s)
  • 18,333 Sqft
  • 23351
    Sqft(Lot)
$5,150,000

Description

Variel towers, a 25-unit apartment building, is comprised of four (4) 1 bedroom + 1 bath units, six (6) 2 bedroom + 1 bath units, ten (10) 2 bedroom + 2 bath units, five (5) 3 bedroom + 2 bath units. this hidden gem offers a quiet, landscaped central courtyard, private balconies/patios and spacious floorplans, and most units feature wood flooring and ceiling fans. less than one mile from warner center, westfield topanga, and the village, variel towers has a prime south san fernando valley location. the building is also proximate to woodland hills, calabasas, pierce college, ventura blvd, and the 101 freeway, with various public transportation options nearby, as well. variel towers is fully gated and secure, with 23 car covered parking in rear. the building has a laundry room on-site and is separately metered for gas and electric. rents are currently below market, with excellent +40% upside. the current cap rate is 6.00% and current grm is 9.74.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48366306

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Property Details

  • Bedroom Information

    • Total Bedrooms : 61

    Bathroom Information

    • Total Baths: 40
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Refrigerator

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1962
    • Building Area Total: 18,333

    Security Features

    • Gated Community

    Pool Features

    • None

    Laundry Features

    • Laundry Room

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.5361
    • Lot Size Dimensions: 150x182
    • Lot Size Source: Other
    • Lot Size Square Feet: 23351

  • Listing Price Information

    • Original List Price: 5,150,000
    • Listing Contract Date: 2025-01-17

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 2112022023

  • Garage and Parking

    • Garage Description: Gated

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: CP - Canoga Park
    • Directions: South of Saticoy St, North of Sherman Way; East of Canoga Ave, West of De Soto Ave
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: CP - Canoga Park

    Building and Construction

    • Property Age: 63
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 18333
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 01/20/2025 @ 23:05

  • MLS: 25484897
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 61 bedrooms which is for sale, it has 18,333 sqft, 23,351 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Canoga Park , in zip code 91303, this Los Angeles County Home are nearby neighborhoods.