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    7307 Canoga Ave Los Angeles, CA 91303

    For Sale
    $2,265,000

    Freestanding Restaurant, Owner-User Opportunity

    Property size:
    4,318 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This ±4,318 square foot freestanding restaurant building in Canoga Park presents a unique owner-user opportunity. Located on Canoga Avenue, this property boasts excellent visibility and is situated in a prime location just north of the Warner Center. Built in 1965 and extensively renovated in 2024, the single-story building features a ±9,125 square foot lot and sits within the LAMR1 zoning district. The property includes a functional hood and ventilation system, ideal for food service businesses, along with a sizable ±1,345 square foot front patio perfect for outdoor seating. Further enhancing its appeal, the building benefits from 600-amp 3-phase power, a new HVAC system, upgraded restrooms and plumbing, and numerous other interior and exterior improvements. Its location within a Transit Priority Area and State Enterprise Zone offers potential tax credits, streamlined plan review, and reduced parking requirements. This vacant property is well-suited for an SBA loan, and seller financing may be available for qualified buyers. The property's versatility makes it suitable for a range of uses beyond food service, given its flexible zoning and recent upgrades. This is a compelling investment opportunity for a business owner seeking a turnkey operation or a savvy investor looking for a strong return. The APN is 2111-016-037.

    Property Features for 7307 Canoga Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,318 SF

    Building Details

    Year Built/Renovated
    1965/2024
    Stories
    1
    Units
    1

    HighLights

    • Sale by listing broker.
    • High‑traffic location.
    • Excellent visibility from major thoroughfare.
    • Strong tenant occupancy.
    • Significant upside potential for rental income.
    • Well‑maintained building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.59764431
    Latitude
    34.2032351

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    FAQs

    What type of property is this?
    Restaurant - Freestanding Restaurant, Owner-User Opportunity
    Where is this restaurant located?
    The property is located at 7307 Canoga Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,265,000.
    What are key features of this property?
    This property features: Sale by listing broker.; High-traffic location.; Excellent visibility from major thoroughfare.
    Request Owner's contact information
    7307 Canoga Ave Los Angeles, CA 91303
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    Los Angeles, CA 91303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7307 Canoga Ave Los Angeles, CA 91303
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