CA > Canoga Park
Canoga Park, CA 91303,7237 Variel AVE
Canoga Park, CA 91303,7237 Variel AVE
Canoga Park, CA 91303,7237 Variel AVE
Canoga Park, CA 91303,7237 Variel AVE
Caribbean Aperture
Caribbean Aperture

+1(407) 951-9093

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$ 5,000,000

$ 5,150,000 2.9%

Est. payment | /mo

61 Beds

40 Baths

23,413 SqFt

$ 5,000,000

$ 5,150,000 2.9%

Est. payment | /mo

61 Beds

40 Baths

23,413 SqFt

Key Details

Sold Price $5,000,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 23,413 sqft

Price per Sqft $213

MLS Listing ID 25484897

Sold Date 05/08/25

Bedrooms 61

HOA Y/N No

Year Built 1962

Lot Size 0.629 Acres

Property Description

Variel Towers, a 25-unit apartment building, is comprised of four (4) 1 bedroom + 1 bath units, six (6) 2 bedroom + 1 bath units, ten (10) 2 bedroom + 2 bath units, five (5) 3 bedroom + 2 bath units. This hidden gem offers a quiet, landscaped central courtyard, private balconies/patios and spacious floorplans, and most units feature wood flooring and ceiling fans. Less than one mile from Warner Center, Westfield Topanga, and the Village, Variel Towers has a prime south San Fernando Valley location. The building is also proximate to Woodland Hills, Calabasas, Pierce College, Ventura Blvd, and the 101 Freeway, with various public transportation options nearby, as well. Variel Towers is fully gated and secure, with 23 car covered parking in rear. The building has a laundry room on-site and is separately metered for gas and electric. Rents are currently below market, with excellent +40% upside. The current Cap Rate is 6.00% and current GRM is 9.74.

Location

State CA

County Los Angeles

Area Cp - Canoga Park

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Refrigerator

Laundry Laundry Room

Exterior

Parking Features Gated

Pool None

Community Features Gated

Total Parking Spaces 25

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2112022023

Security Features Gated Community

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by David Kaufman • David Ballin Kaufman
Bought with David Kaufman • David Ballin Kaufman

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7237 Variel AVE