21700 Roscoe Blvd Immeuble residentiel 28 lots 4 737 920 € (169 211 €/Lot) Taux de capitalisation 4,68 % Canoga Park, CA 91304

Colliers International’s Ghobadi Multifamily Team is excited to introduce this 28-unit apartment building located at 21700 Roscoe Blvd., Canoga Park, CA 91304. Built in 1962, this property already had its soft-story retrofit completed back in 2019. The building is on a corner lot and has secured parking for its tenants, large units, a sparkling swimming pool and on-site laundry facility. The unit mix is comprised of sixteen 1-bedroom/1-bathroom units, three 2-bedroom/2-bathroom units, and nine 2-bedroom/ 1½-bathroom townhouse-style units totaling approximately 28,821 rentable square feet on approximately 29,815 square feet of land zoned LAR3. The lot is within an opportunity zone and has a TOC Tier 3 bonus.
Situated in a very densely populated rental pocket of Canoga Park, this corner lot is at the intersection of Roscoe Boulevard and Owensmouth Avenue, just down the street from Lanark Park, and very close to plenty of stores and businesses along Roscoe Boulevard and Topanga Canyon Boulevard. With a good corner lot in a densely populated rental area, large units with a great unit mix, and fantastic upside potential, this asset will be a great addition to a seasoned investor’s portfolio.