Multiple Listing Service Los Angeles Real Estate

Outdated Browser Dectected You are using browser that is no longer supported please upgrade to modern browser. Our Website has dectected that you are using an older browser. Using your current browser will prevent you from accessing certain features on our website. An upgrade is NOT required, but is strongly recommend to improve your experience on our website. Use the link below to download one of the suggested new browsers.

Close This Message

Back

7403 Topanga Canyon Blvd, Canoga Park, CA. 91303

Listing Price: $800,000 Sold Price: $800,000
Beds: N/A | Baths: N/A

1 2

Driving Directions
Details

MLS#: 21-790520

APN#: 2023-004-015

Status: Sold

Lot Size: 4979

Sq Ft: N/A

Beds: N/A

Baths: N/A

Style: N/A

Year Built: N/A

Subdivision:

Roof: N/A

Spa: N/A

Tennis: N/A

Laundry: N/A

Heat: N/A

Air: N/A

Property Type: Land

Sale Type: Standard

Land Type: N/A

Lease Amount: N/A

Lease Exp: N/A

HOD: N/A

Area: Canoga Park

City: Canoga Park

Zip code: 91303

Map: N/A

View: None

Waterfront: N/A

Sewer: N/A

Parking # N/A

Security: N/A

Amenities: N/A

Pool:

Floor: N/A

Rooms: N/A

Fireplace: N/A

Parking: N/A
Map

WalkScore
Calc

Mortgage Payment Calculator

Need Help Calculating your monthly mortgage payments?
TheMLS.com Guest Site calculator provides you with the ability to calculate the amount of your monthly mortgage payments based on any desired mortgage interest rate, loan term.

Listing Price:

LoanTerm:

Interest:

Down Payment:

Your Monthly Payment $4796

Remarks Community Report

We are pleased to present a development opportunity located at 7403 Topanga Canyon Blvd in Canoga Park proximate to the booming Warner Center. The property is located on 4,979 square feet of land and it benefits for alley access behind it and its corner lot location. An investor may be able to utilize TOC Tier 1 incentives to maximize the lots development potential and build 15 units. The property has conceptual drawings for a 15 unit apartment building with on grade parking and 4 stories above it. The proposed unit mix will include (4) Studios, (8) One Bedroom Units and (3) 2 Bedroom Units. Two units will be Low Income and three units will be ADUs which will be converted into legal units after certificate of occupancy. With the lowest price per buildable unit of any multifamily development sites available to purchase in the San Fernando Valley, this project allows a developer to make a healthy profit. We estimate the future value of the project to be around $5,000,000. There is currently a vacant single family home located on the property, which can be rented, but more importantly there is no relocation of tenants or any rent control restrictions on the redevelopment. Should a developer not want to build the proposed project, the lot allows for 13 units by right and 21 units with the density bonus and as many as 26 units by designing for ADU conversion. Another development option would be to build 4 units and expedite the permitting process and break ground in a few months, since it would be classified as a residential project. Topanga Canyon Blvd is one of the busiest streets in the San Fernando Valley. Approximately 40,000 cars pass by this property as it connect many residents to the 101 Freeway to the south and the 118 freeway to the north. The San Fernando The San Fernando Valley consists of approximately 260 square miles, making it the largest geographic in the City of Los Angeles. With approximately 1.8 million residents, it is a densely populated area that as a standalone city, would be the seventh largest city in the United States. With the barrage of new hotels, residential buildings, Westfield Promenade, Westfields The Village, Westfield Topanga, and others still in the planning phase, nearby Warner Center is expecting a significant population increase between 2018 and 2025.

Seller's Agents

- Name: Niculete, Filip | Email
- Phone: 818-212-2763
- Cell: 626-242-6766
- CalDRE #: 01905352
- Office: Marcus & Millichap
- Office Phone: 818-212-2700
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- CalDRE #: N/A
- Office Name: N/A
- Office Phone: N/A

Buyer's Agents

- Name: Niculete, Filip | Email
- Phone: 818-212-2763
- Cell: 626-242-6766
- Lic #: 01905352
- Office: Marcus & Millichap
- Office Phone: 818-212-2700
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- Lic #: N/A
- Office Name: N/A
- Office Phone: N/A

Last Updated: 12/12/2021 5:24:10 PM

Similar Listings You May Like:

Recently Sold Listings:

Details

Map

WalkScore

Calc

Email Agent About this Listings

Login Into Your Account