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.
Sold for $5,000,000
$5,000,000
7237 Variel Ave, Canoga Park, CA 91303
61beds
40baths
23,413sqft
Multi Family
Built in 1962
-- sqft lot
$4,944,600 Zestimate®
$214/sqft
$2,067 Estimated rent
Home value
$4,944,600
$4.45M - $5.49M
$2,067/mo
Zestimate® history
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Covered parkingQuiet landscaped central courtyardWood flooringSpacious floorplansLaundry room on-siteCeiling fans
Zillow last checked:
Listing updated:
Listed by:
David Kaufman DRE # 01217537 310-877-8600,
David Ballin Kaufman 310-877-8600
Bought with:
David Kaufman, DRE # 01217537
David Ballin Kaufman
Source: CLAW,MLS#: 25-484897
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 61
- Bathrooms: 40
Heating
- Wall
Cooling
- Wall/Window Unit(s), Window Unit(s)
Appliances
- Included: Refrigerator, Range/Oven
- Laundry: Laundry Room
Interior area
- Total structure area: 23,413
- Total interior livable area: 23,413 sqft
Property
Parking
- Total spaces: 25
- Parking features: Gated
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Pool features: None
- Spa features: None
Lot
- Size: 0.63 Acres
- Dimensions: 150 x 182
Details
- Additional structures: None
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1962
Community & HOA
Community
- Security: Gated
Location
- Region: Canoga Park
Financial & listing details
- Price per square foot: $214/sqft
- Tax assessed value: $5,633,366
- Date on market: 1/17/2025
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2025 | Sold | $5,000,000-2.9%$214/sqft |
Source:  CLAW #25-484897 Report a problem | ||
| 2/12/2025 | Pending sale | $5,150,000$220/sqft |
Source: CLAW #25-484897 Report a problem | ||
| 1/17/2025 | Listed for sale | $5,150,000$220/sqft |
Source: CLAW #25-484897 Report a problem | ||
| 9/8/2017 | Listing removed | $5,150,000$220/sqft |
Source: Marcus & Millichap #17249962 Report a problem | ||
| 9/7/2017 | Pending sale | $5,150,000$220/sqft |
Source: Marcus & Millichap #17249962 Report a problem | ||
| 7/12/2017 | Listed for sale | $5,150,000$220/sqft |
Source: Marcus & Millichap #17249962 Report a problem | ||
| 1/20/2015 | Listing removed | $1,295 |
Source: Zillow Rental Network Report a problem | ||
| 1/7/2015 | Listed for rent | $1,295 |
Source: Zillow Rental Network Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Canoga Park
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Nearby schools
GreatSchools rating
- 2/10Hart Street Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Canoga Park MiddleGrades: 6-8Distance: 1.3 mi
- 4/10Canoga Park Senior High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$4,944,600
Get a cash offer in 3 minutes
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Estimated market value
$4,944,600
- California
- Los Angeles County
- Los Angeles
- 91303
- Canoga Park
- 7237 Variel Ave
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