12-Bedroom Residential Income — 21719 Hart Street, Canoga Park, CA
$2,395,000
21719 Hart Street, Canoga Park, CA
About this property
NEW PRICE - reduced by $55,000. Built in 2023, this four-unit building sits approximately one mile from Rams Village at Warner Center, the 52-acre,$10 billion district anchored by the permanent Los Angeles Rams headquarters. All four units are three-bedroom, two-bath plans of approximately 1,550 SF with quartz counters, stainless appliances, private balconies, and in-unit laundry. Central HVAC, fire sprinklers, rooftop solar and eight parking spaces at 2:1. Approximately 6,200 SF on a 5,000 SF R3-1-RIO lot.100% leased, tenant-paid utilities with RUBS, expense ratio near 21.8%.Offered at $2,395,000 - a 5.62% current cap, 6.20% pro forma, 13.50 GRM.A 2023 certificate of occupancy places the property outside the LA Rent Stabilization Ordinance and outside the AB 1482 cap until 2038. Below the Measure ULA threshold, and at four units, it qualifies for conventional residential financing. State law may allow detached ADUs; buyer to verify. The seller is motivated. Offering memorandum attached in the documents section.
Property details
Location
21719 Hart Street • Canoga Park, CA 91303
Listed by
Armin Soleimani · Global Platinum Properties, Inc.
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