7115 Milwood Avenue

Canoga Park, CA 91303

$11,850,000
Price
$11,850,000
Price
49
Beds
5
Baths
29,772 Sq. Ft.
$398 / Sq. Ft.
29,772
Sq. Ft.
$398
per Sq. Ft.

Property Details

StatusActive
MLS #19477806
Year Built1977
DOM34
Compass TypeMulti Family
MLS TypeResidential Income / Apartment Building
Lot Size1.20 AC / 52,275 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Jeanette Monfared

Marcus & Millichap

Janette.Monfared@marcusmillichap.com

P: 818.212.2752

M: 310.245.5600

Contact Agent(s)

Property Details

Area
Canoga Park (CP)
Parking Spaces Total
78
Pool
No
Cooling Type
Wall Unit(s)

Description

Hard-to-Find Large Asset for Sale - 53-Units in Canoga Park-No Earthquake Retrofit Required-Built in 1977 on 1.2 Acres of Land-Twenty Units ( 20) Have Been Fully Remodeled in 2018-Impressive Frontage on Milwood Avenue-Gated and Secured Entry - 78 Parking Spaces-Walking Distance to Shopping, Dining, and Commercial Facilities of Sherman Way-Property Maintained in Mint Condition and Professionally Managed-Additional Income from the RUBS Utility Reimbursement Program- Additional Income from Rental of...

Location

Listing Courtesy of Marcus & Millichap, Jeanette Monfared, BRE #00765098

Building Information

Stories2Residences53Year Built1977Building Size-Lot Size1.20 AC / 52,275 SF

Payment Calculator

$47,753 per month

30 year fixed, 4.45% Interest

Principal and Interest

$47,753

Property Taxes

HOA Dues

$0

Property Information for 7115 Milwood Avenue

Property Features
    Interior Features
  • Cooking Appliances: Built-Ins
  • Heating: Combination
    Parking Info
  • Parking Features: Parking for Guests - Onsite
Community/Development / Location Info
    School/Location Info
  • County: Los Angeles
  • Driving Directions: WEST OF DESOTO AVENUE, SOUTH OF SHERMAN WAY
    Association Information
  • Association/HOA: No
Income / Expense / Tax / Assessment Details
    Income Details
  • Adjusted Gross Income: $919,716
  • Cap Rate: 4.87
  • Gross Operating Income: $919,716
  • Gross Rent Multiplier: 12.88
  • Net Operating Income: $577,313
    Expense Details
  • Expense Total Annual: $316,811
Land/Lot Info
    Land/Lot Info
  • Lot Size Source: Public Records
  • Lot Size SQFT: 52275
  • Tax Parcel Number: 2112028022
  • Zoning: LAR3
Structure Info
    Structure Info
  • Units Total In Complex: 53
  • Number Of Buildings: 1
  • Property Sub Type: Apartment Building
  • Property Type: Residential Income
  • Square Footage Source: Vendor Enhanced
  • Total Floors: 2
  • Year Built: 1977
Unit Information
    Unit 1 Info
  • Unit Furnished 1: Unfurnished
  • Unit Monthly Rent 1: $1,314
  • Unit Number Of Bath 1: 1.0
  • Unit Number Of Bed 1: 1.0
  • Unit Projected Total Monthly Rent 1: $69,187
  • Unit Total Monthly Rent 1: $56,502
  • Unit Type 1: 43.0
    Unit 2 Info
  • Unit Furnished 2: Unfurnished
  • Unit Monthly Rent 2: $1,850
  • Unit Number Of Bath 2: 1.0
  • Unit Number Of Bed 2: 2.0
  • Unit Projected Total Monthly Rent 2: $3,700
  • Unit Total Monthly Rent 2: $3,700
  • Unit Type 2: 2.0
    Unit 3 Info
  • Unit Furnished 3: Unfurnished
  • Unit Monthly Rent 3: $2,000
  • Unit Number Of Bath 3: 2.0
  • Unit Number Of Bed 3: 2.0
  • Unit Projected Total Monthly Rent 3: $2,000
  • Unit Total Monthly Rent 3: $2,000
  • Unit Type 3: 1.0
    Unit 4 Info
  • Unit Furnished 4: Unfurnished
  • Unit Monthly Rent 4: $1,270
  • Unit Number Of Bath 4: 1.0
  • Unit Projected Total Monthly Rent 4: $9,800
  • Unit Total Monthly Rent 4: $8,890
  • Unit Type 4: 7.0
    Unit 5 Info
  • Unit Furnished 5: Partially
    Unit 6 Info
  • Unit Furnished 6: Partially
    Unit 7 Info
  • Unit Furnished 7: Partially
    Unit 8 Info
  • Unit Furnished 8: Partially
    Unit 9 Info
  • Unit Furnished 9: Partially
    Unit 10 Info
  • Unit Furnished 10: Partially
    Unit 11 Info
  • Unit Furnished 11: Partially
    Unit 12 Info
  • Unit Furnished 12: Partially
    Unit 13 Info
  • Unit Furnished 13: Partially

Property History for 7115 Milwood Avenue

DateEvent & SourcePriceAppreciation
Jun 12, 2019Listed (Active)

CARETS #19477806

$12,500,000
Sep 26, 2018Sold (Public Records)

Public Record #631330084

$637,500
Sep 26, 2018Sold (Public Records)

Public Record #631457547

$637,500

-69.7% / yr

DateEvent & SourcePrice
06/12/2019
Listed (Active)

CARETS #19477806

$12,500,000
09/26/2018
Sold (Public Records)

Public Record #631330084

$637,500
09/26/2018
Sold (Public Records)

Public Record #631457547

$637,500

-69.7% / yr

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

Public Records

Taxable ValueLand$4,335,000Additions$4,335,000Total$8,670,000
Tax Record2018$108,535
Home Facts
Beds47Finished Sq.Ft.29,772 SqFtLot Size52,275 SqFtStyleMulti-Family Res (5+ Units)Year Built1977Year Renovated1977ZoningLAR3CountyLOS ANGELES

Schools in Canoga Park, CA

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Hart Street Elementary SchoolPublicK-50.3 mi
3
Coutin School, LlcPrivate5-120.4 mi
NR
N.E.W. Academy Canoga ParkCharterK-50.5 mi
5
Owensmouth Continuation SchoolPublic9-120.5 mi
NR

Hart Street Elementary School

K-5, 0.3 mi, Public

3

Coutin School, Llc

5-12, 0.4 mi, Private

NR

N.E.W. Academy Canoga Park

K-5, 0.5 mi, Charter

5

Owensmouth Continuation School

9-12, 0.5 mi, Public

NR

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.

7115 Milwood Avenue is a multi family for sale in Canoga Park, CA 91303. This property was listed for sale on June 12, 2019 by Marcus & Millichap for $11,850,000. It has been on the market for a total of 34 days and was last sold on September 26, 2018. Nearby schools include Teach Academy Of Technologies, Math, Science, & Technology Magnet Academy At Roosevelt High and Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4. 7115 Milwood Avenue is a 49-beds, 5-baths, 29,772 sq. ft. multi family built in 1977.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of Marcus & Millichap, Jeanette Monfared, BRE #00765098
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