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.
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