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Sold for $2,725,000 · Sep 2024

SOLD

Listed at $3,035,000

Sold

7248 Alabama Avenue, Canoga Park, CA 91303

Canoga Park, CA

MLS# 24354597

9,760 Sq Ft • Property22bd • 22ba
70 days on market

Listing Agent

Daniel Withers

Listing Agent

Matthews Real Estate Investment Services

DRE #: 01325901

Brokerage: Matthews Real Estate Investment Services

Property Details

22

Bedrooms

22

Bathrooms

9,760 sqft

Square Feet

1990

Year Built

7,503 sqft

Lot Size

$279

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

Property

Property Type

Description

7248 Alabama Ave is an exceptional 12-unit value-add apartment complex nestled in the heart of Canoga Park, CA. Constructed in 1990, this property offers an appealing unit mix, featuring (4) One Bedroom, One Bathroom units and (8) Two Bedroom, Two Bathroom Units. Notably, tenants enjoy the luxury of Central Air Conditioning and Heating, ensuring their comfort year-round.One standout feature of this property is its generous and secure parking facilities, providing ample parking spaces for tenants, which is a highly valued amenity in the rental market.Strategically situated just north of the Warner Center, a thriving hub in the Western San Fernando Valley, this property enjoys a highly advantageous location. Its convenience is further underscored by its proximity to Pierce College and Westfield Topanga, making it an attractive choice for potential tenants.Additionally, the surrounding area is enriched with numerous schools and parks, offering residents ample opportunities for recreation and leisure. In terms of transportation, the property is excellently positioned to access public transportation options, making it a well-connected choice for prospective tenants and investors alike.

Listing description from the September 2024 sale, as reported to CRMLS.

Sale history for 7248 Alabama Avenue

1 recorded sale

$2,725,000
Sold September 2024 · listed $3,035,000, on market January 2024, 70 days on market · MLS #24354597 · Source: CRMLS
Listing Agent: Daniel Withers · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Daniel Withers · Matthews Real Estate Investment Services

How this sale compares

7248 Alabama Avenue sold for $2,725,000 in September 2024, 10% under its $3,035,000 list price, after 70 days on the market. That works out to $279 per square foot on 9,760 square feet. Across 54 closed sales in 91303 over the last 12 months, the median sold price is $745,000 and the median is $564 per square foot, 102% above this sale's $279.

$279
This sale, per sq ft
$564
91303 median per sq ft (12 mo)
$745,000
91303 median sold price (12 mo)
54
Closed sales in 91303 (12 mo)
70
Days on market
−10%
Sold vs. list price
QuarterClosed sales in 91303Median sold price
Q1 20265$725,000
Q2 202617$735,000
Q3 202629$790,000
Q4 20263$770,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Canoga Park · Homes for sale in 91303

Recent sales near 7248 Alabama Avenue

Closed sales reported in 91303, nearest first, last 12 months. All recent sales in Canoga Park →

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