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    7028 Alabama Ave Woodland Hills, CA 91303

    For Sale
    $1,745,000

    Ten-unit multifamily property near Warner Center with redevelopment potential.

    Lot size:
    0.17 Acres

    Property Features for 7028 Alabama Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1977

    Source: Summit Realty Inc Agent Todd Schwartz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property Near Warner Center

    The Alabama property features ten one-bedroom, one-bath multifamily units constructed in 1977. Located adjacent to Warner Center, it is situated 2.5 blocks north of Vanowen and west of Canoga, in an area with substantial redevelopment. The property includes 12 sub-terranean parking spaces. A front owner's-type unit includes a fireplace. The location has a Walk Score of 82, allowing walking access to Westfield Regional Mall, and a Bike Score of 91, rated as a Biker's Paradise. Each unit is individually metered for gas and electric. Additional features include alley access, a laundry room, and a storage room. There is an estimated 10.5% potential upside in rents.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodland Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.59888
    Latitude
    34.19818

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    FAQs

    What type of property is this?
    Apartment building - Ten-unit multifamily property near Warner Center with redevelopment potential.
    Where is this apartment building located?
    The property is located at 7028 Alabama Ave Woodland Hills, CA.
    What is the asking price?
    The asking price for this property is $1,745,000.
    What are key features of this property?
    This property features: - High Walk Score (82) - Walk to Westfield Regional Mall; - Significant Rental Upside (Approximately 10.5%); - Excellent Bike Score (91) - Biker's Paradise
    (818) 825-5100
    Request Owner's contact information
    7028 Alabama Ave Woodland Hills, CA 91303
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    Woodland Hills, CA 91303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7028 Alabama Ave Woodland Hills, CA 91303
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