8750 Owensmouth Ave — Sale in Canoga Park, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Canoga Park, CA 91304

Investment Figures

Cap rate
5.11%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 8750 Owensmouth Avenue, a 20-unit apartment community with one (1) additional non-conforming unit, located in the Canoga Park neighborhood of the western San Fernando Valley. Built in 1961, the property offers 15,888 square feet of rentable area on a 19,117-square-foot lot. The building features an efficient unit mix of eighteen (18) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and one (1) non-conforming studio unit, supported by spacious layouts and durable mid-century construction. These characteristics drive strong tenant appeal and consistent occupancy, while still offering clear opportunities for modernization and value-add improvements. 8750 Owensmouth Avenue is minutes from Warner Center, Westfield Topanga, The Village, and numerous dining, retail, and entertainment amenities. Its proximity to major employment hubs, along with convenient access to the 101 and 118 Freeways, Metro bus lines, and the Orange Line, enhances its long-term renter demand. Positioned in a supply-constrained and steadily growing submarket, 8750 Owensmouth Avenue presents a compelling opportunity to acquire a well-located multifamily property with stable income and strong potential for future appreciation. Investment Highlights: • Canoga Park location • Built in 1961 with approximately 15,888 square feet of rentable area on a 19,117 square foot lot • Desirable unit mix of eighteen (18) 1+1 units, two (2) 2+1 units, plus one (1) non-conforming studio unit, enhancing overall income potential • Significant Upside in Rents- Approximately 44% Upside • Convenient access to major transportation corridors including Topanga Canyon Blvd, Sherman Way, the 101 Freeway, and nearby Metro G Line stations • Proximity to key employment hubs such as Warner Center, Westfield Topanga, The Village, and the broader West Valley business districts • Seismic Retrofit HAS NOT Been Completed and Roof is at the End of its Useful Life

Market Context

This multifamily in Canoga Park, CA is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Canoga Park, CA — view the full market.

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