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7323 Independence Ave, Canoga Park, CA 91303
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7323 Independence Ave Canoga Park, CA 91303

$4,850,000
  • 23 Beds
  • 23 Baths
  • 17,666 Sq.Ft.
For Sale
$4,850,000 Get Pre-Qualified
Map preview of 7323 Independence Ave, Canoga Park, CA 91303

Property Overview: 7323 Independence Ave Canoga Park, CA has 23 bedrooms, 23 bathrooms, 17,666 living square feet and 22,603 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 7323 Independence Ave. in the City of Canoga Park, CA is a 20 unit apartment building. Onsite laundry and is owned by Owner (Not leased). Tremendous upside in rents. Two Story Apartment Building on 22,603 SF Lot. 3 @ 2+2 and 17 @ 1+1.

Listed by Brett Howard | BRE #01120327 | Howard Realty Group
Last checked: 10 minutes ago | Last updated: March 23rd, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
22,603
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Apartment
Status
Active
MLS#
BB24057830
City
Canoga Park
County
Los Angeles
Time on Site
33 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
  • # of Electric Meters: 20
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,403
  • Total Rent: $5,403
  • Pro Forma/Market Rent: $7,050
Unit Breakdown 2
  • # of Units: 17
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 17
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $24,938
  • Total Rent: $24,938
  • Pro Forma/Market Rent: $33,575
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $366,498
  • Net Operating Income: $263,115
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $103,383
  • Electric: $1
  • Gas/Fuel: $1
  • Trash: $1
  • Insurance: $1
  • Professional Management: $1
  • Water/Sewer: $1

Open Houses for 7323 Independence Ave

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Property Details for 7323 Independence Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 20
  • Parcel Number: 2112020012
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: N Sherman Way and West of DeSoto
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Canoga Park Agent

Sale History for 7323 Independence Ave

Last sold for $2,805,000 on January 30th, 2015

  • March, 2024

  • Mar 22, 2024

    Date

    Active

    CRMLS: BB24057830

    $4,850,000

    Price

  • December, 2023

  • Dec 21, 2023

    Date

    Canceled

    CRMLS: BB23017933

    $4,550,000

    Price

  • Feb 1, 2023

    Date

    Active

    CRMLS: BB23017933

    $4,995,000

    Price

  • Listing provided courtesy of CRMLS

    7323 Independence Ave. in the City of Canoga Park, CA is a 20 unit apartment building. Onsite laundry and is owned by Owner (Not leased). Tremendous upside in rents. 4% rental increases in the near future. Assumable loan of $2,630,000 @3.8% interest rate till 2025.

  • August, 2022

  • Aug 11, 2022

    Date

    Canceled

    CRMLS: BB22166243

    $13,500,000

    Price

  • Jul 28, 2022

    Date

    Active

    CRMLS: BB22166243

    $13,500,000

    Price

  • Listing provided courtesy of CRMLS

    Four Building, 50 Units, Multi-residential Portfolio. Three of the buildings are in Winnetka, CA and one building is in Canoga Park, CA. Two properties consist of an entire block for potential future development (20754-20764 Hartland St, Winnetka). All buildings have onsite laundry and is owned by Owner (Not leased). Tremendous upside in rents. All Buildings have been Earthquake Retrofitted (if they needed it) and 25 units qualify for monthly reimbursement. 4% rental increases in the near future.

  • January, 2015

  • Jan 30, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,805,000

    Price

  • February, 2006

  • Feb 27, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 7323 Independence Ave

Assessed Value (2020): $3,082,521
Year Land Value Improved Value Assessed Value
2020 $1,230,810 $1,851,711 $3,082,521

Home Value Compared to the Market

This property vs the competition

7323 Independence Ave is listed 578.32% higher than the median list price for the city of Canoga Park which has a median list price of $715,000. The median price per/sqft for Canoga Park is $527 and this home is listed at $274.54 per/sqft which puts the price per square foot 47.91% lower than the median price per square foot for the city of Canoga Park.

About 7323 Independence Ave

Detailed summary of property

7323 Independence Ave is a apartment located in Canoga Park, CA 91303 and is currently for sale. This apartment offers 23 bedrooms, 23 bathrooms, roughly 17,666 living square feet, and sits on an approximately 22,603 square foot lot. 7323 Independence Ave was first listed on ArdentRealEstateGroup.com on March 22, 2024. The homeowner is currently asking $4,850,000. The median priced home in Canoga Park is $715,000 with a median price per square foot of $527. Based on Ardent Real Estate Group's Canoga Park Market Data, this home is listed 578.32% higher than the median priced home. Local competing homes currently for sale include 11340 National Blvd, 1015 N Croft Ave and 1009 N Croft Ave. While the average home in Canoga Park, CA is selling in 26 days, 7323 Independence Ave has a days on market of 25 days. There are currently 53 homes for sale in the Canoga Park real estate market and 26 of them are single family homes while 22 of them are condos and 5 are townhomes. For more information on this home for sale at 7323 Independence Ave Canoga Park, CA 91303 contact Ardent Real Estate Group and we will put you in touch with one of our Canoga Park agents.

Public Facts for 7323 Independence Ave

Public county record property details
Beds
--
Baths
--
Year built
1959
Sq. Ft.
17,666
Lot Size
22,603
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
--
APN
2112-020-012

The source for these homes facts are from public records.

91303 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
32
Median Sale to List Price %
100.01%
Avg Days on Market
21
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (33.33%), Other (16.67%)

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Recently Sold Homes Near 7323 Independence Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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