6825 De Soto Avenue

Canoga Park, CA 91303

$5,535,000
Last Sold Price
39
Beds
37
Baths
23,135 Sq. Ft.
$239 / Sq. Ft.
23,135
Sq. Ft.
$239
per Sq. Ft.

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,...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.
  1. Listed by James Antonucci • DRE #01822661 • Keller Williams Realty-Studio City
  2. Listed by Michael Pesci • DRE #01274379 • Keller Williams Studio City

Property Details for 6825 De Soto Avenue

Parking Spaces Total
25
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
24.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
23135
Assessor Parcel Number
2138-029-022

Location

Listing Courtesy of Keller Williams Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379

Sold By Keller Williams Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379

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LISTING UPDATED: 03/24/2023 08:37 AM

Property Details for 6825 De Soto Avenue

StatusClosed
MLS #SR22245141
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1963
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379

Sold By Keller Williams Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379

Add your commute

Virtual Tour

Building Information for 6825 De Soto Avenue

Building/Complex6825 De Soto AveFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-

Payment Calculator

$28,661 per month

30 year fixed, 6.73% Interest

Principal and Interest

$28,661

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6825 De Soto Avenue

Rental Info
    Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
    Income Details
  • Gross Income: $459,699
  • Gross Scheduled Income: $473,916
  • Vacancy Allowance: 14217
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $459,699
  • Net Operating Income: $268,855
  • Gross Multiplier: 13.93
  • Cap Rate: 4.07
  • Financing: Cash To Existing Loan
    Expense Details
  • Operating Expense: $190,843
  • Operating Expense Percent: 40.30%
  • New Taxes Expense: $82,500
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $11,568
  • Professional Management Expense: $18,388
  • Trash Expense: $8,640
  • Water Sewer Expense: $0
  • Total Expenses: $190,843
    Tax / Assessment Info
  • Tax Tract Number: 18789
  • Tax Census Tract: 1349.06
  • Tax Lot: 2
Community / Development
    Community / Development
  • Community Features: Urban, Valley
Property / Structure Info
    Exterior Features
  • Pool Features: Community, In Ground
  • Pool Description: In Ground
    Land/Lot Info
  • Lot Features: 21-25 Units/Acre
  • Number Of Units: 24
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
    Parking Info
  • Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
    Unit 1
  • Unit Type Units Total: 11
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 11
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $15,591
  • Unit Type Total Rent: $15,591
  • Unit Type Pro Forma: 19800
  • Unit Type Type: 1
    Unit 2
  • Unit Type Units Total: 11
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 11
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $19,393
  • Unit Type Total Rent: $19,393
  • Unit Type Pro Forma: 22550
  • Unit Type Type: 2
    Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,109
  • Unit Type Total Rent: $4,109
  • Unit Type Pro Forma: 5400
  • Unit Type Type: 3
    Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 1
  • Number With Range: 25
  • Number Wall AC: 25

Property History for 6825 De Soto Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 6825 De Soto Avenue

This home is within Los Angeles Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
RatingSchoolDistance
Hart Street Elementary School
PublicK to 5

Woodland Hills Charter Academy
Public6 to 8

Canoga Park Senior High School
Public9 to 12

Owensmouth Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.