Remodeled Office
New
For Sale
$2,200,000
7316 Deering Avenue, Canoga Park, CA 91303
A mix of open work areas, private offices, and meeting rooms supports varied office configurations.
Property Size6,240 SF
Price / SF$352.56
Days on Market4
Property Features for 7316 Deering Avenue
General Information
Standard status
Active
Size
6,240 SF
Total Parking Spaces
10
Property subtype
Office
Additional Details
Condition
Newly Renovated
Property Use
Office
Building Details
Building Size
6,240 SF
Year Built
1964
Listing Agency:
JohnHart Real Estate
Listed By:
Oganes Yepremyan · License #01426360
(818) 246-1099
Source:
Velocityrealtysd
Added: Nov 2
Changed: Nov 5
Last Checked: Nov 4 at 2:49PM
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 JohnHart Real Estate
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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.
Built in 1964, this 6,240-square-foot office building has a recently updated interior with new flooring, refreshed finishes, and bright lighting. The layout combines open work areas with private offices, meeting rooms, and flexible rooms. Ten uncovered parking spaces are provided on site.
The property is on Deering Avenue in Canoga Park, with access to surrounding thoroughfares, commercial services, dining, and established business areas.
The property is on Deering Avenue in Canoga Park, with access to surrounding thoroughfares, commercial services, dining, and established business areas.
Key Highlights
- 6,240‑square‑foot office building
- Interior updates include flooring, finishes, and lighting
- Open work areas, private offices, meeting rooms, and flexible rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,114
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,962,280
$3.0M
Cap Rate 7%
$2,115,914
$2.1M
Cap Rate 9%
$1,645,711
$1.6M
Market Conditions
NOI Build-Up for 6,240 SF
Gross rent
$242.6K $38.88/SF
− Vacancy
−$45.1K −$7.23/SF
EGI
$197.5K $31.65/SF
− OpEx
−$49.4K −$7.91/SF
NOI
$148.1K $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%
$2,962,280
Cap Rate 7%
$2,115,914
Cap Rate 9%
$1,645,711
Alternative Uses
Best Use
Office B
$2.12M
$1.85M – $2.47M
NOI $148,114 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$126.42M
$110.62M – $147.49M
NOI $8,849,306 @ 7.0% cap · market cap 402.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A mix of open work areas, private offices, and meeting rooms supports varied office configurations.
Where is this office building located?
The property is located at 7316 Deering Avenue Canoga Park, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 6,240‑square‑foot office building; Interior updates include flooring, finishes, and lighting; Open work areas, private offices, meeting rooms, and flexible rooms
