Mixed-Use Property with Retail
For Sale
$1,349,000
7407 Topanga Canyon Boulevard, Canoga Park, CA 91303
Commercial and residential components support owner-user operations or diversified occupancy within one property.
Property Size3,835 SF
Price / SF$351.76
Days on Market10
Property Features for 7407 Topanga Canyon Boulevard
General Information
Standard status
Active
Size
3,835 SF
Property subtype
General Commercial
Amenities
4 Parking Spaces.
45x108
Building Details
Year Built
1990
Listing Agency:
Beverly & Company Luxury Properties
(323) 410-0848
Listed By:
Artur Israyelyan · License #02195045
Source:
Xome
Added: Jul 28
Changed: Aug 2
Last Checked: Aug 6 at 4:37AM
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 Beverly & Company Luxury Properties
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial and residential components at 7407 Topanga Canyon Boulevard in Canoga Park. The commercial portion is described as suitable for retail, office, or other business uses, providing flexibility for an owner-user or an arrangement with multiple occupants. The property includes 4 parking spaces and measures 45x108. Built in 1990, it offers a configuration that brings business and residential functions together in one asset.
Key Highlights
- Combined commercial and residential property
- Commercial space suitable for retail or office use
- 4 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,028
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,820,560
$1.8M
Cap Rate 7%
$1,300,400
$1.3M
Cap Rate 9%
$1,011,422
$1.0M
Market Conditions
NOI Build-Up for 3,835 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$149.1K $38.88/SF
− Vacancy
−$27.7K −$7.23/SF
EGI
$121.4K $31.65/SF
− OpEx
−$30.3K −$7.91/SF
NOI
$91.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,820,560
Cap Rate 7%
$1,300,400
Cap Rate 9%
$1,011,422
Alternative Uses
Best Use
Apartment 5plus
$67.80M
$59.33M – $79.10M
NOI $4,746,020 @ 7.0% cap · market cap 351.82%
Second Best
Office B
$1.30M
$1.14M – $1.52M
NOI $91,028 @ 7.0% cap · market cap 6.75%
Theoretical Best
Multifamily LT 5
$77.69M
$67.98M – $90.64M
NOI $5,438,636 @ 7.0% cap · market cap 403.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,908
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential components support owner-user operations or diversified occupancy within one property.
Where is this mixed-use property located?
The property is located at 7407 Topanga Canyon Boulevard Canoga Park, CA.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Combined commercial and residential property; Commercial space suitable for retail or office use; 4 parking spaces
