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8750 Owensmouth Ave

Canoga Park, CA
Price:
$3,100,000
Units:
20
GRM:
9.49
Cap Rate:
5.11%
Gross Rentable Area
15,888

▪ Canoga Park location

▪ Built in 1961 with approximately 15,888 square feet of rentable area on a 19,117 square foot lot

▪ Desirable unit mix of eighteen (18) 1+1 units, two (2) 2+1 units, plus one (1) non‑conforming studiounit, enhancing overall income potential

▪ Significant Upside in Rents- Approximately 44% Upside

▪ Convenient access to major transportation corridors including Topanga Canyon Blvd, ShermanWay, the 101 Freeway, and nearby Metro G Line stations

▪ Proximity to key employment hubs such as Warner Center, Westfield Topanga, The Village, and thebroader West Valley business districts

▪ Seismic Retrofit HAS NOT Been Completed and Roof is at the End of its Useful Life

The Sterman Multi‑Family Group of Marcus & Millichap is pleased to present 8750 Owensmouth Avenue, a 20‑unit apartment community with one (1) additional non‑conforming unit, located in the Canoga Park neighborhood of the western San Fernando Valley. Built in 1961, the property offers 15,888 square feet of rentable area on a 19,117‑square‑foot lot.

The building features an efficient unit mix of eighteen (18) one‑bedroom/one‑bath units, two (2) two‑bedroom/one‑bath units, and one (1) non‑conforming studio unit, supported by spacious layouts and durable mid‑century construction. These characteristics drive strong tenant appeal and consistent occupancy, while still offering clear opportunities for modernization and value‑add improvements.

8750 Owensmouth Avenue is minutes from Warner Center, Westfield Topanga, The Village, and numerous dining, retail, and entertainment amenities. Its proximity to major employment hubs,along with convenient access to the 101 and 118 Freeways, Metro bus lines, and the OrangeLine, enhances its long‑term renter demand.

Positioned in a supply‑constrained and steadily growing submarket, 8750 Owensmouth Avenuepresents a compelling opportunity to acquire a well‑located multifamily property with stableincome and strong potential for future appreciation.

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