21018 Gresham St

05-12-2022
05-12-2022

21018 Gresham St, Canoga Park, CA 91304

  • 41 units built 1978 ( Not subject to LA Rent Control)
  • Sparkling pool - Onsite laundry facility
  • Central A/C & heat - Some units have balconies
  • Great unit mix of one and two bedrooms
  • Separately meter for gas and electric

Property Description

The Ghobadi Multifamily investment team of Colliers International is pleased to present the sale of this 41- unit building located at 21018 Gresham Street Canoga Park CA 91304.

This complex was built 1978, and the certificate of Occupancy was issued after October 1st 1978. This property offers a unit mix of thirteen 1 bedroom/1bath and Twenty eight 2 bedroom/ 2 bath totaling of 32,084 rental able square feet resting on approximately 41,123 of land which is zoned LAR3.

This property offers an on-site laundry facility, central A/c and heat and a sparkling pool for the tenants to enjoy. This complex makes a great investment for investors looking for no rent control building with potential upside in rent. This building is located just west of Canoga Avenue and East of Desoto Avenue This property offers great location and a short distance from the main boulevards. It’s in close distance to plenty of restaurants shops and, stores.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 12,150,000
No. of Units
41
Cap Rate
3.71%
GRM / GIM
14.94
Year Built
1978
Building Size
32,084 Sq ft
Lot Size
41,123 Sq ft
No. of Stories
3
Opportunity Zone
Off
Price per unit
$ 296,341
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34.230244, -118.591333

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