7305 Variel Avenue, Canoga Park, CA 91303

Canoga Park
Local realty services provided by:ERA Carlile Realty Group
7305 Variel Avenue,Canoga Park, CA 91303
$1,575,000
  • 8 Beds
  • 10 Baths
  • 6,942 sq. ft.
  • Multi-family
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26995611
Source:CRMLS

Price summary

  • Price:$1,575,000
  • Price per sq. ft.:$226.88

About this home

We are pleased to present 7305 Variel Avenue, a ten-unit apartment property situated on the northwest corner of Variel Avenue and Wyandotte Street in Canoga Park. Built in 1958, the two-story building features eight one-bedroom/one-bathroom units and two studios, totaling 6,942 square feet on an 8,552-square-foot R3-1 corner lot. The property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) and provides ten parking spaces.The investment opportunity is centered on established in-place income and demonstrated rental upside. According to ownership's August 19, 2026 rent roll, the property is fully occupied and generates $170,004 in annual scheduled rent. Three leases executed in 2026, including a studio at $1,395 and two one-bedroom units at $1,595 and $1,695, establish recent leasing benchmarks, and unit 3 is leased at $1,795. At the LAAA Team's pro forma rents of $1,795 for the one-bedroom units and $1,500 for the studios, the property produces approximately...

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Home facts

  • Year built:1958
  • Listing ID #:26995611
  • Added:2 day(s) ago
  • Updated:October 04, 2026 at 10:38 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:10
  • Kitchen Description:Dishwasher, Microwave, Refrigerator
  • Living area:6,942 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1958
  • Building area:6,942 sq. ft.
  • Lot area:0.2 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,575,000
  • Price per sq. ft.:$226.88

Features and amenities

  • Appliances:Dishwasher

Parking

  • Total parking spaces:10
  • Parking description:Carport
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