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    Property profile & analytics

    7307 Canoga Ave Los Angeles, CA 91303

    • Retail space
    • 4,109 SF
    • 0.21 lot acres
    For Sale
    View listing
    $2,265,000
    Last Sale
    Mar 29, 2024
    $1,150,000
    Value Estimations
    Cap Rate Potential
    7.9%
    Retail space
    Location Intelligence
    Property ID
    US09-7689295
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 7307 Canoga Ave

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.21 lot acres
    Property size
    4,109 SF
    Zone code
    LAMR1
    Property type
    Retail space
    APN
    2111-016-037
    APU
    2111016037

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,150,000
      ML approach
      $1,150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,515,000
      6.5%
      $1,400,000
      7%
      $1,300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $797,000
      Market price range: $230k - $797k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,750,000
      Current use
      AUTO REPAIR, GARAGE
      $1,900,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $1,870,000
      Change: +7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canoga Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.598
    Latitude
    34.2031
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,050
    $1,248,480
    $520,200
    $1,768,680
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      Canoga Park, CA 91303

      RETAIL STORES (PERSONAL SERVICES) • 0.35 Acres
      Canoga Park, CA 91303
      View Details
    • Value Estimation
      $1,145,000
      3,692 SF

      7102 Alabama Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,692 SF
      7102 Alabama Ave, Canoga Park, CA 91303-2009
      View Details
    • Value Estimation
      $2,320,000
      11,622 SF

      7300 Topanga Cyn Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,622 SF
      7300 Topanga Cyn Blvd, Canoga Park, CA 91303-3333
      View Details
    • Value Estimation
      $945,000
      3,200 SF

      22047 Sherman Way

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      22047 Sherman Way, Canoga Park, CA 91303-1852
      View Details
    • Value Estimation
      $2,735,000
      15,591 SF

      21059 Sherman Way

      RETAIL STORES (PERSONAL SERVICES) • 15,591 SF
      21059 Sherman Way, Canoga Park, CA 91303
      View Details
    • Value Estimation
      $3,905,000
      20,383 SF

      21355 Sherman Way

      RETAIL STORES (PERSONAL SERVICES) • 20,383 SF
      21355 Sherman Way, Canoga Park, CA 91303-1547
      View Details

    Similar Nearby for Sale

    • $2,265,000
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      Canoga Park Restaurant - $2.265M

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    • $1,485,000
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      Remmet Ave Warehouse - $1.485M

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      Specialty property for sale in Los Angeles, California.
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    • New
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      Multifamily Property in Canoga Park

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      Canoga Park Triplex with ADUs

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    Similar Nearby for Lease

    • $60 SF/Yr
      18,249 SF

      Canoga Park Retail Center

      Prime Retail Space, Multiple Units Available
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      View Details
    • Contact for pricing
      4,803 SF

      Victory Blvd Retail Spaces For Lease

      Prime Warner Center location, multiple spaces available.
      21101 Victory Blvd, Los Angeles, CA 91303
      View Details
    • $19 SF/Yr
      4,700 SF

      Sherman Way Retail/Office Spaces

      Prime Los Angeles location, multiple suites available.
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    • Contact for pricing
      4,242 SF

      Canoga Ave Warehouse For Lease

      Prime West Valley Industrial Space, 4,242 SF
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      View Details
    • $23 SF/Yr
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      Sherman Way Commercial Space

      Prime Los Angeles Office Suites
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      View Details
    • $1.65 SF/Yr
      1,976 SF

      Los Angeles Executive Office Space

      Canoga Park office, retail space available.
      21044 Sherman Way, Los Angeles, CA 91303
      View Details
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    7307 Canoga Ave
    Los Angeles, CA 91303
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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