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7307 Canoga Ave Canoga Park, CA 91303-1314

OFF-MARKET Retail space Google Maps
4,109 SF 0.21 ac lot Built 1965
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$1.15M
Range $1.04M – $1.27M (±10%)
Property ID US09-7689295

Property summary

AI-generated overview

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 profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction WOOD
Total area 4,109 SF
Lot 0.21 ac (9,206 SF)
Zoning code LAMR1
APN 2111-016-037
UPID US09-7689295

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.15M
CAP Approach CAP
$1.40M
Comparable Approach Comparable
$797k
Blend (final) Blend
$1.15M

Owner & transaction history

since 2024
Last sale
$1.2M
2 recorded transactions
2024
$1.2M
2022
Price N/A

Zoning & alternative use

LAMR1 · Canoga Park, CA
Top alternative use upside
Auto repair, garage $1.9M +8.6%
Medical building $1.9M +6.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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