8371 Northgate Avenue, Canoga Park, CA 91304

$3,905,000
32
BD
25
BA
15,920
SqFt

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List Agent Gayle Factor () 818-212-2756 Marcus & Millichap; CoList () Courtesy of Selling Office: Miller & Desatnik Realty Co., Dominick Faraone - Selling Agent DRE# and Courtesy of Listing Office Marcus & Millichap, Gayle Factor - Agent DRE#

Sold Price
$3,905,000
List Price
$4,100,000
Closing Date
May 21, 2024
Status
CLOSED
MLS#
23330553
Year Built
1964
Bedrooms
32
Bathrooms
25
Living Sq. Ft
15,920
Lot Size
17,567
Days on Market
113
Property Type
Multifamily
Stories
Two Levels

Property Description

Price Reduced by $450,000. The actual rent is from the rent roll as of February, 2024. The subject property is a 22 unit apartment building located at 8371 Northgate Avenue, Canoga Park, CA 91304. The property was built in 1964 and is located north of Roscoe Boulevard and just east of Topanga Canyon Boulevard on a cul de sac. The unit mix consists of thirteen one-bedroom/one-bath units, five two-bedroom/one-bath units, one two-bedroom/one and a half-bath unit, two two-bedroom/two-bath units, and one three-bedroom/two-bath unit. The building has an interior courtyard. There is a laundry room and the laundry machines are owned by the Seller. There is an assumable loan with Luther Burbank Savings in the amount of $1,500,000, fixed at 3.80% interest only, through August 2025, then the loan adjusts. The maturity date is August 1, 2050 and the amortization is 30 years.

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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.