Seller Financing
Address
6819 Variel Avenue Canoga Park, CA
Price
$ 2,150,000
Property Attributes
  • MLS#21675552
  • TypeIncome
  • CountyLOS ANGELES
  • CityCanoga Park
  • AreaCanoga Park
  • Zip91303
  • Style
  • Price$ 2,150,000
  • Bedrooms9
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size9,003 SqFt
Listing Provided Courtesy Of:
Chase Simonton with RE/MAX One.
Data Source:
CRMLS
Property Description

WARNER CENTER DEVELOPMENT - 20% DOWN, 80% SELLER FINANCING at 4.0% INTEREST ONLY for 2 years. Currently 100% occupied, this 6-unit multi-family building sits on a 9,003 sf parcel allowing a developer to earn income while plans and entitlements are underway. Eased building restrictions in the Warner Center allow for up to 36-units with NO HEIGHT RESTRICTIONS. Special zoning only requires 1/2 parking spaces per unit and there are NO REQUIREMENTS FOR AFFORDABLE HOUSING. This property is also located in an OPPORTUNITY ZONE, giving the developer an opportunity to build 36 units and in 10 years sell the property and pay ZERO CAPITAL GAINS TAX! Please do NOT disturb the Tenants!

Price History
1/5/2021 Listed $2,050,000

General Features

Cooling Wall/Window Unit(s)
Heating Wall Furnace
Listing Agent Chase Simonton - BRE#01766871
Listing Agent State License 01766871
MLS Area CP - Canoga Park
Parking Features Assigned
Property Type Residential Income
Special Listing Conditions Standard
Total Units 6
Zoning LAR3

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Lot Dimensions 75x120
Lot Size Acres 0.2
Lot Size Area 9003
Lot Size Square Feet 9003
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 91303

Price
AVG $2.4M
$2.15M
Visits
AVG 37
85
Year Built
AVG 1971
1959
Walkscore
AVG 75
75
Data Provided by Walkscore ® not using MLS data

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