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8000 Owensmouth Avenue
Canoga Park, CA 91304
Asking Price
$2.25M
Cap Rate
5.34%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Value-Add 10-Unit Multifamily in the Heart of Canoga Park <ul><li>10-unit multifamily building in Canoga Park</li><li>6 of 10 units already renovated with quartz counters, stainless appliances, LVP flooring, and updated fixtures</li><li>Renovated units pulling $1,575 to $2,000 in rent</li><li>Four classic units remain at $1,085 to $1,360 — primary value-add opportunity</li><li>$224,900 per unit — 39% below LA MSA average of $368,000 per unit</li><li>Current NOI of $120,081 grows to $183,850 stabilized</li><li>Cap rate lifts from 5.34% to 8.17% —
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NOI
$80,000
Cap Rate
3.56%
DSCR
0.60
Underwater
Cash-on-Cash
-7.93%
Monthly Payment
$11,126.825
Annual Cash Flow
$-53,521.899
