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7253 Jordan Avenue, Canoga Park, CA 91303
3
beds
3
baths
8868
ft2
· 14062
ft2 lot
$2,872,500
$324 / ft2
Listing provided courtesy of Greg Trotter, Coldwell Banker Residential Brokerage.
Source CRMLS.
Outstanding opportunity to purchase a multifamily property in up and coming west valley. The property has approximately 45% upside potential in rents. There is security front key fob entry and remote controlled fear gate. Plentiful covered parking, spacious units, and on site laundry room. There are several schools covering K-12 within one mile of the property. The 7253 building's roof was replaced in 2016 and the soft story retrofit was completed this year. There are (12) 1BD + 1 BA, (2) 2BD + 1 BA, and (1) Studio apartment units. Canoga Park is bordered by the largest shopping centers in the valley and the regions central business district Warner Center. The Village on Topanga has added 98 stores and restaurants plus a Costco. These amenities are only 1.2M's from the property. Westfield's Promenade is a major redevelopment that will provide a new "downtown" for the valley including pedestrian pathways and tree-lined streets. There will be office, retail and residential units that will provide an estimated 49,000 new jobs by 2035. The property also has easy access to the L.A. Metro Orange Line Station at Canoga Blvd. and Sherman Way. The station has 207 free parking spaces and offers high speed transportation to 17 stations in the San Fernando Valley and other commuter rail stations. Separately metered for gas and electric. Located in an Opportunity Zone.
HOA
$—/month
On market
6 months
Year built
1959
Property type
Multi-Family
Parking
15
MLS
SR20211110
Price / Sq.Ft.
$324 / ft2
Status
Active Under Contract
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 8868.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 1.00
•   
Carport Spaces: 14.00
Building Info
•   
Building Area Units: Square Feet
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Zoning: LAC2
•   
Lot Features: Landscaped, Near Public Transit
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3228
•   
Lot Size Area: 14062.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 15
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 17
•   
Utilities: Electricity Available, Natural Gas Available, Water Available
•   
Number Of Separate Gas Meters: 17
•   
Number Of Separate Water Meters: 2
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 191439.00
•   
Water Sewer Expense: 11790.00
•   
Other Expense Description: Fees
•   
Other Expense: 1275.00
•   
Laundry Income: 2000.00
•   
Vacancy Allowance Rate: 3.00
•   
Maintenance Expense: 5743.00
•   
Pest Control Expense: 1080.00
•   
Cap Rate: 4.14
•   
Laundry Equipment Own Lease: Lease
•   
Total Actual Rent: 195360.00
•   
Fuel Expense: 2785.00
•   
Trash Expense: 5200.00
•   
New Taxes Expense: 35906.00
•   
Insurance Expense: 5425.00
•   
Vacancy Allowance: 5921
•   
Professional Management Expense: 0.00
•   
Total Expenses: 72539.00
•   
Gross Scheduled Income: 197360.00
•   
Tax Block: 56
•   
Maintenance Percent: 3.00
•   
Operating Expense: 72539.00
•   
Gardener Expense: 1500.00
•   
Gross Multiplier: 14.55
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 196820.00
•   
Tax Year: 2020
•   
Taxes: 21879.0
Lease Info
•   
Net Operating Income: 118900.00
Listing Info
•   
Status: Active Under Contract
Other
•   
Electric Expense: 1835.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1056.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 12
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 12.00
•   
Unit 2 Total Rent: 12672.00
Unit 3 Information
•   
Unit 3 Actual Rent: 1038.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1038.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1288.00
•   
Unit 1 Total Rent: 2575.00
Multi Unit Information
•   
# Of Units: 3
•   
Number Of Units Leased: 15
•   
Price Per Unit: 191500
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
•   
Directions: North one block of Sherman Way. Four blocks east of Topanga Canyon Blvd.
Other
Calculation
•   
Dom: 85
•   
Cdom: 85
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 17, 2021 12:54pm
Neighborhood snapshot
16
Properties for sale
9
Median days on market
$459.68
Median sold price/sqft
102.00%
Sold/List %
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Property History
10/07/2020
10/07/2020
CRMLS #SR20211110
active
CRMLS #SR20211110
$2,872,500
+120.96%
02/19/2004
02/19/2004
Public Record
sold
Public Record
$1,300,000
+207.33%
03/13/1997
03/13/1997
Public Record
sold
Public Record
$423,000
--30.15%
08/23/1993
08/23/1993
Public Record
sold
Public Record
$605,605
+691.64%
04/20/1989
04/20/1989
Public Record
sold
Public Record
$76,500
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