7018 Alabama Avenue
Canoga Park, CA, 91303 $ 5,100,000
Bedrooms24 Baths8.0 Sq 11,765 Monthly Estimate*
$ 31,402
Listed by Marcus & Millichap
for $5,100,000 with 24 bedrooms and 8 full baths. This 11,765 square foot home was built in 2020 on a lot size of 0.1722.
We are pleased to present the 2020-constructed, nine-unit multifamily community located at 7018 Alabama Avenue in Canoga Park, California, within a quarter mile of Westeld Topanga and The Village. The Offering features a highly desirable unit mix consisting of four two-bed/two-bath ats, one three-bed/three-bath townhouse, three three-bed/three-bath + den townhouses, and one four-bed/four-bath townhouse, catering to high-income households seeking space, privacy, and modern nishes. The property benets from its location within the rapidly evolving West Valley submarket, and from its immediate proximity to Warner Center, an established and expanding employment and lifestyle hub. Warner Center is currently experiencing over $5 billion in capital investment across major ofce, retail, hospitality, and residential developments, reinforcing long-term demand fundamentals. Additionally, the Offering is surrounded by afuent, high-barrier neighborhoods including Woodland Hills, Calabasas, Hidden Hills, and West Hills, and is a short drive to Westeld Topanga and The Village, the third-largest shopping center in the United States, offering best-in-class retail, dining, and entertainment amenities.The Offering is a townhouse-style, non-rent-controlled luxury community representing one of the newer-vintage multifamily assets in the West Valley. Residences are designed with open oor plans, expansive windows, and generous balconies and sliders, delivering abundant natural light and indoor-outdoor living. Interior nishes include custom European cabinetry, Grohe xtures, quartz surfaces, hardwood ooring, digital climate control, and en-suite laundry, complemented by Samsung appliance packages, gas ranges, and full kitchens equipped with refrigerators, microwaves, dishwashers, and disposals. The community offers a curated set of modern amenities and infrastructure features uncommon for boutique assets, including a rooftop deck, EV-charger hookups, elevator access, secured storage areas, and a state-of-the-art security system with controlled/gated access and private nighttime security. These features support premium rents, tenant retention, and long-term asset competitiveness.Furthermore, the property boasts walkable access to the Metro Orange Line, providing direct connectivity to North Hollywood and the broader Los Angeles transit network. Overall, this turnkey, non-rent-controlled investment presents a rare opportunity to acquire a 2020-vintage luxury multifamily asset in a supply-constrained, high-income West Valley location with strong demographic tailwinds and long-term growth drivers.
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FeaturesGeneralLiving Area 11765
Heating Central
Cooling Central Air
Appliances Microwave Refrigerator
Zoning LAR3
Year Built 2020
Levels Three Or More
Gross Income 382980
County Los Angeles
Net Operating Income 268740
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Nearest cross street of Alabama Ave and Hart St.
City Canoga Park
Senior Community Y/N false
Number Of Units Total 9
MLS Area CP - Canoga Park
Lot Size Units Square Feet
Lot Size Square Feet 7502
Standard Status Active
Year Built Source Assessor
Cap Rate 5.27
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InteriorTotal Stories 4
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 24
Total Baths 24
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ExteriorParking Features Assigned
Total Parking 0
Lot Size Area 7502
Number of Buildings 1
Building Area Total 11765
Lot Size Acres 0.1722
Lot Size Source Assessor
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $31,402
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Canoga Park, CA
Average List Price $1,205,000
Percent of Sale Price 76%
About Canoga Park, CA 75,226 Population
0% Since 2002
$ 0 Median Income
0 Median Age
39% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/17/2026 | $5,100,000 | | Listed Price |