27-Unit Apartment
7253 Variel Ave, Los Angeles, CA 91303
For Sale
$4,850,000
The multifamily property contains 27 residential units.
Property Size23,860 SF
Days on Market10
Property Features for 7253 Variel Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Cap Rate
Multifamily Units
Amenities
Significant Rental Upside | In-place rents of $46,450/month vs. $58,450 market rents. Every unit type rents well below its comparable average.
Canoga Park Location On Variel Ave between Wyandotte St and Sherman Way, on a 27,107 SF (0.62-acre) LAR3 parcel.
Diverse Unit Mix | 1 studio, 12 one-bedrooms, 8 two bedrooms and 6 three-bedrooms; 14 of 27 units have two or more bedrooms.
Building Details
Building Size
Units
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Tony Azzi · License #License(s): CA: 00910513
(310) 909-5454
Source:
Marcusmillichap
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 8 at 2:14AM
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 Marcus & Millichap - Los Angeles
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Investment Insights
Based on property information with market context.
This apartment property is configured with 27 residential units. Its multifamily use and unit count define the available property information.
Key Highlights
- 27 residential units
Property Analytics
Lease Details
27
Residential units
Location Intelligence
Trade Area within ½ mile
2,294
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
$645,300
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The multifamily property contains 27 residential units.
Where is this apartment building located?
The property is located at 7253 Variel Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: 27 residential units
