Canoga Park (los Angeles), CA 91303,7323 Milwood Avenue

$1,600,000

Est. payment /mo

$1,630,000

1.8%
Est.Price: ?

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7323 Milwood Avenue Canoga Park (los Angeles), CA 91303

5,328 SqFt

SOLD DATE : 03/05/2024

Key Details

Sold Price $1,600,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 5,328 sqft

Price per Sqft $300

MLS Listing ID CL23325677

Sold Date 03/05/24

HOA Y/N No

Year Built 1964

Lot Size 7,500 Sqft

Acres 0.17

Property Description

We are proud to present the sale of The Milwood Apartments, a well maintained 11 Unit multifamily property in the heart of Canoga Park. The unit mix consists of 6 (One Bedroom + One Bath), 2 ('Guest Room'/ Bedroom + One Bath), and 3 ('Guest Room' + One Bath) units. The property has undergone recent upgrades to the units which have passed SCEP inspections and are all up to code. The Guest Rooms are similar to other 'normal' apartment units with the only difference being that they have small kitchenettes; three of the Guest Rooms have a separate bedroom and two are similar to studios. The building is almost all electric except for the hot water which is powered by a newer central water heater. Tenants pay for their own electricity, which makes the operating expenses relatively low for the owner. Soft story retrofit was completed in 2021. There are 8 parking spaces all of which the owner collects additional income from. Priced at an incredible low price per unit, this deal will attract even the shrewdest investor! The Milwood Apartments are located in the heart of Canoga Park in The San Fernando Valley within close proximity to Sherman Way and Canoga Ave. Conveniently situated within a short driving distance to The West Field Topanga, The Topanga Village, Warner Center, and Pierce C

Location

State CA

County Los Angeles

Area Listing

Zoning LAR3

Interior

Heating None

Fireplace No

Building

New Construction No

Others

Tax ID 2112024019

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Bridge MLS
Listed by Enrique Viramontes • Remax Commercial and Investment Realty
Bought with HamidNejad
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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