7237 Variel Avenue, Canoga Park, CA 91303
- $5,000,000
- 61
- BD
- 40
- BA
- 23,413
- SqFt
List Agent David Kaufman () 818-464-3212 David Ballin Kaufman; CoList () Courtesy of Selling Office: David Ballin Kaufman, David Kaufman - Selling Agent DRE# and Courtesy of Listing Office David Ballin Kaufman, David Kaufman - Agent DRE#
- Sold Price
- $5,000,000
- List Price
- $5,150,000
- Closing Date
- May 08, 2025
- Status
- CLOSED
- MLS#
- 25484897
- Year Built
- 1962
- Bedrooms
- 61
- Bathrooms
- 40
- Living Sq. Ft
- 23,413
- Lot Size
- 27,421
- Days on Market
- 26
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
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.
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Additional Information
- Appliances
- Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
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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.