Canoga Park Office
For Sale
$9,700,000
7045 Farralone Ave., Canoga Park, CA 91303
Office building for sale in Canoga Park, California.
Property Size26,367 SF
Days on Market201
Property Features for 7045 Farralone Ave.
General Information
Standard status
Active
Size
26,367 SF
Property subtype
Office
Building Details
Building Size
26,367 SF
Year Built
1960
Stories
1
Listing Agency:
Daum Commercial
Listed By:
Dennis Marciniak · License #CA 00888799
(818) 449-1627
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 5
Last Checked: Oct 19 at 3:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Daum Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an office building located in Canoga Park, California. The list price is $9,000,000.
Key Highlights
- Office building for sale.
- Located in Canoga Park, California.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$625,853
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,517,060
$12.5M
Cap Rate 7%
$8,940,757
$8.9M
Cap Rate 9%
$6,953,922
$7.0M
Market Conditions
NOI Build-Up for 26,367 SF
Gross rent
$1.03M $38.88/SF
− Vacancy
−$190.7K −$7.23/SF
EGI
$834.5K $31.65/SF
− OpEx
−$208.6K −$7.91/SF
NOI
$625.9K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,517,060
Cap Rate 7%
$8,940,757
Cap Rate 9%
$6,953,922
Alternative Uses
Best Use
Office B
$8.94M
$7.82M – $10.43M
NOI $625,853 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$534.18M
$467.41M – $623.21M
NOI $37,392,571 @ 7.0% cap · market cap 385.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,509
Businesses Nearby
Explore this area
Business Placement
Demographics for 91303, CA
28,457
Population
11,073
Households
2.6
Avg Household Size
34
Median Age
25%
College-Educated
77%
High-School Grad
2.1 sq mi
ZIP Area
13,551
Density / Sq Mi
$76,051
Median Household Income
$35,649
Median Earnings
$1,983
Median Rent
$645,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale in Canoga Park, California.
Where is this office building located?
The property is located at 7045 Farralone Ave. Canoga Park, CA.
What is the asking price?
The asking price for this property is $9,700,000.
What are key features of this property?
This property features: Office building for sale.; Located in Canoga Park, California.
