Remodeled Office
For Sale
$2,200,000
7316 Deering Avenue, Canoga Park, CA 91303
Commercial Sale, Canoga Park, CA
Property Size6,240 SF
Price / SF$352.56
Days on Market70
Property Features for 7316 Deering Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
LAMR1
Directions
Sherman Way
Subdivision
CP - Canoga Park
Standard status
Active
APN
2112025030
Additional Details
Property Use
Office
Condition
Newly Renovated
Utilities
Cooling system
Central Air
Building Details
Year built
1964
Buildings
1
Listing Agency:
JohnHart Real Estate
Listed By:
Oganes Yepremyan · License #01426360
(818) 246-1099
Added: Aug 26
Changed: Nov 2
Last Checked: Nov 3 at 3:06AM
MLS# BB26215297
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office building contains approximately 6,240 square feet, arranged with open work areas, private offices, meeting space, and flexible rooms. Recent remodeling included updated flooring, fresh finishes, and brighter lighting. Central air serves the building, and the property has 10 uncovered parking spaces.
Located in Canoga Park, the property is at 7316 Deering Avenue. Its zoning designation is LAMR1.
Located in Canoga Park, the property is at 7316 Deering Avenue. Its zoning designation is LAMR1.
Key Highlights
- Approximately 6,240 square feet of office space
- 10 uncovered parking spaces
- Open work areas, private offices, meeting space, 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.
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A flexible office layout combines open work areas, private offices, meeting space, and adaptable rooms.
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: Approximately 6,240 square feet of office space; 10 uncovered parking spaces; Open work areas, private offices, meeting space, and flexible rooms
