69 Total Units on Two Adjacent Properties in Canoga Park, CA

21909 Lanark Price: $7,000,000 | 21921 Lanark Price: $8,350,000
21909 Lanark Lot Size: 33,932 SF | 21921 Lanark Lot Size: 33,925 SF
21909 Lanark Building Size: 30,091 SF | 21921 Lanark Building Size: 32,360 SF

ADDRESSES

21909 & 21921 Lanark Street, Canoga Park, CA 91304

PROPERTY INFORMATION - 21909 LANARK STREET

Attractive existing assumable loan (contact agent for more information)

Transit Oriented Communities (TOC) Tier 3

Approximately 50% upside potential

Located in an Opportunity Zone (OZ)

New roof installed in Year 2023 on both buildings

Walking distance to Sherman Way/Canoga Orange Line Metro Station

Lanark Recreation Center directly across the street

All electrical powered and only the water heater is gas powered

Soft story retrofit completed in Year 2019

Video camera security system at building entrance and the parking entrance

On-site management

2 washers and 2 dryers

Foundation of the apartment complex is raised

33 total parking spaces - 19 tuck-under spaces and 14 covered spaces

Unit mix: 29 two-bedroom/two-bathroom units, 2 three-bedroom/two-bathroom units, and 2 one-bedroom/one-bathroom units

Swimming pool is covered and not being used

Security gates for apartment units

Water heater was replaced in January 2023

Wall unit HVAC in each apartment unit

PROPERTY INFORMATION - 21921 LANARK STREET

Attractive existing assumable loan (contact agent for more information)

Transit Oriented Communities (TOC) Tier 3

Located in an Opportunity Zone (OZ)

Approximately 33% upside potential

New roof installed in Year 2023 on both buildings

Walking distance to Sherman Way/Canoga Orange Line Metro Station

Lanark Recreation Center directly across the street

Video camera security system at building entrance and the parking entrance

On-site management

New water heaters - 2 washers and 2 dryers

Foundation of the apartment complex is raised

35 total parking spaces – 23 tuck-under spaces and 12 covered spaces

Swimming pool with secure entrance

Security gates for apartment units

Apartment units are both gas and electrical powered

Horizontal pipes were replaced with copper pipes

Wall unit HVAC in each apartment unit

Property was featured in the movie Tortilla Soup with Raquel Welch