22
Bedrooms
Sold for $2,725,000 · Sep 2024
SOLDListed at $3,035,000
Canoga Park, CA
MLS# 24354597
Daniel Withers
Listing Agent
Matthews Real Estate Investment Services
DRE #: 01325901
Brokerage: Matthews Real Estate Investment Services
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
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.
Earthquake data is shown from a real public source (USGS)
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1 recorded sale
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.
| Quarter | Closed sales in 91303 | Median sold price |
|---|---|---|
| Q1 2026 | 5 | $725,000 |
| Q2 2026 | 17 | $735,000 |
| Q3 2026 | 29 | $790,000 |
| Q4 2026 | 3 | $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
Closed sales reported in 91303, nearest first, last 12 months. All recent sales in Canoga Park →
7248 Alabama Avenue
Contact Daniel Withers
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Contact Listing Agent
Matthews Real Estate Investment Services
DRE #01325901
Contact information is not available for this listing.