Description

At Variel Avenue and Wyandotte Street in Canoga Park, 7305 Variel Avenue contains ten apartments: eight one-bedroom units and two studios. The 1958 two-story building totals 6,942 square feet on an 8,552-square-foot R3-1 corner lot, with ten parking spaces. It is subject to Los Angeles RSO.

Ownership's August 19, 2026 rent roll reports full occupancy and $170,004 in scheduled annual rent. The LAAA Team projects $208,320 annually at rents of $1,795 for one-bedroom units and $1,500 for studios, approximately 23% above the current roll. Any increases remain subject to turnover and applicable regulation. Recent leases provide benchmarks between $1,395 and $1,795. Selected upgraded units have shaker cabinets, quartz surfaces, plank floors and recessed lighting; residents pay their gas and electricity. The offering also cites September 2026 HACLA Tier 7 payment standards for ZIP 91303, which buyers should verify for program eligibility and underwriting.