33 Unit Apartment Building in Canoga Park, CA

21909 LANARK STREET: Attractive existing assumable loan (contact agent for more information); Transit Oriented Communities (TOC) Tier 3; Approximately 50% upside potential; Located in an Opportunity Zone (OZ); New roof installed in Year 2023 on both buildings; Walking distance to Sherman Way/Canoga Orange Line Metro Station; Lanark Recreation Center directly across the street; All electrical powered and only the water heater is gas powered; Soft story retrofit completed in Year 2019; Video camera security system at building entrance and the parking entrance; On-site management; 2 washers and 2 dryers; Foundation of the apartment complex is raised; 33 total parking spaces - 19 tuck-under spaces and 14 covered spaces; Unit mix: 29 two-bedroom/two-bathroom units, 2 three-bedroom/two-bathroom units, and 2 one-bedroom/one-bathroom units; Swimming pool is covered and not being used; Security gates for apartment units; Water heater was replaced in January 2023; Wall unit HVAC in each apartment unit.

21921 LANARK STREET: Attractive existing assumable loan (contact agent for more information); Transit Oriented Communities (TOC) Tier 3; Located in an Opportunity Zone (OZ); Approximately 33% upside potential; New roof installed in Year 2023 on both buildings; Walking distance to Sherman Way/Canoga Orange Line Metro Station; Lanark Recreation Center directly across the street; Video camera security system at building entrance and the parking entrance; On-site management; New water heaters - 2 washers and 2 dryers; Foundation of the apartment complex is raised; 35 total parking spaces – 23 tuck-under spaces and 12 covered spaces; Swimming pool with secure entrance; Security gates for apartment units; Apartment units are both gas and electrical powered; Horizontal pipes were replaced with copper pipes; Wall unit HVAC in each apartment unit; Property was featured in the movie Tortilla Soup with Raquel Welch.