Description
7018 Alabama Avenue presents a rare opportunity to acquire a fully leased, Class-A mid-rise multifamily asset in Canoga Park’s thriving West Valley submarket. Built in 2020 and comprising nine spacious units across 11,765 square feet, this modern development boasts controlled elevator access, covered parking with EV charging stations, secure storage lockers, and a rooftop deck that enhances resident appeal. With 100% occupancy and contemporary finishes throughout, the property is turnkey and positioned for continued strong performance.
Investors will value the in-place net operating income...
Documents
Sale Details
- Cap Rate5.27%
- NOI$268,740
- Stabilized Cap Rate5.62%
- Stabilized NOI$286,451
- In-Place Cap Rate5.27%
- In-Place NOI$268,740
- GRM13.32
- Potential GRM12.69
- Cash-on-Cash4.80%
- In-Place Rents3,546
- Market Rents3,722
- Rents Below Market5.0%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units9
- Occupancy100%
- Average Unit Size1,307 SF
- Average Rent3,546 $/mo
- Year Built2020
Property Details
- Property TypeMultifamily
- Total Units9
- Occupancy100%
- Average Unit Size1,307 SF
- Average Rent3,546 $/mo
- Year Built2020









Deal Team

Description
7018 Alabama Avenue presents a rare opportunity to acquire a fully leased, Class-A mid-rise multifamily asset in Canoga Park’s thriving West Valley submarket. Built in 2020 and comprising nine spacious units across 11,765 square feet, this modern development boasts controlled elevator access, covered parking with EV charging stations, secure storage lockers, and a rooftop deck that enhances resident appeal. With 100% occupancy and contemporary finishes throughout, the property is turnkey and positioned for continued strong performance.
Investors will value the in-place net operating income...
Documents
Sale Details
- Cap Rate5.27%
- NOI$268,740
- Stabilized Cap Rate5.62%
- Stabilized NOI$286,451
- In-Place Cap Rate5.27%
- In-Place NOI$268,740
- GRM13.32
- Potential GRM12.69
- Cash-on-Cash4.80%
- In-Place Rents3,546
- Market Rents3,722
- Rents Below Market5.0%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units9
- Occupancy100%
- Average Unit Size1,307 SF
- Average Rent3,546 $/mo
- Year Built2020
Property Details
- Property TypeMultifamily
- Total Units9
- Occupancy100%
- Average Unit Size1,307 SF
- Average Rent3,546 $/mo
- Year Built2020
Deal Team

