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6825 De Soto Avenue , #10

Canoga Park, CA 91303
  • $6,599,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: SR22245141
UPDATED: 168 min ago
$6,599,000
  • 0
    BEDS
  • 0.63
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): James Antonucci of Keller Williams Realty-Studio City (818-432-1500) and Michael Pesci of Keller Williams Studio City(818-432-1500)


Description

6825 De Soto Ave in Canoga Park, CA, the sale of 24 Unit multifamily apartment complex. Located on a major thoroughfare of De Soto Ave, the property has excellent visibility and is located in a high-demand rental location. The property is comprised of (11) Eleven (1) One Bedroom and (1) One Bath Units, (11) Eleven (2) Two Bedroom and (2) Bath Units, and (2) Two (3) Three Bedroom and (2) Two Bath Units. The property has large units and is building square footage of over 23,135 Sq.Ft. Additionally, the building is individually metered for gas and electricity. The property has secured entry, on-site parking, and a pool. The Seismic Retrofitting has been completed.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-05T00:25:55.78. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
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6825 De Soto Avenue , #10 Canoga Park, CA 91303

  • Price: $6,599,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 168 min ago
  • ID#: SR22245141
0
Beds
0
Baths
0
½ Baths
0.63
Acres
1963
Built
Neighborhood:
CP - Canoga Park
County:
Los Angeles
Area:
CP - Canoga Park
Property Description
6825 De Soto Ave in Canoga Park, CA, the sale of 24 Unit multifamily apartment complex. Located on a major thoroughfare of De Soto Ave, the property has excellent visibility and is located in a high-demand rental location. The property is comprised of (11) Eleven (1) One Bedroom and (1) One Bath Units, (11) Eleven (2) Two Bedroom and (2) Bath Units, and (2) Two (3) Three Bedroom and (2) Two Bath Units. The property has large units and is building square footage of over 23,135 Sq.Ft. Additionally, the building is individually metered for gas and electricity. The property has secured entry, on-site parking, and a pool. The Seismic Retrofitting has been completed.
Exterior Features

Lot Features 21-25 Units/Acre Number Of Separate Electric Meters 25 Parking Total 25 Pool Features CommunityIn Ground Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.07 Common Interest Community Apartment Community Features UrbanValleyPool Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 459699 Gross Scheduled Income 473916 Insurance Expense 11568 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 268855 New Construction YN No New Taxes Expense 82500 Number Of Separate Gas Meters 25 Number Of Separate Water Meters 1 Operating Expense 190843 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 8640 Vacancy Allowance 14217 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-05T00:25:55.78. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): James Antonucci of Keller Williams Realty-Studio City (818-432-1500) and Michael Pesci of Keller Williams Studio City(818-432-1500)