Active
7237 Variel Avenue
Canoga Park CA, 91303
$5,150,000
$280.91 per sqft
Active
61 Beds
40 Baths
18,333 sqft
Residential
Built in 1962
Listed by David Kaufman with David Ballin Kaufman 818-464-3212
Variel Towers, a 25-unit apartment building, is comprised of four (4) 1 bedroom + 1 bath units, six (6) 2 bedroom + 1 bath units, ten (10) 2 bedroom + 2 bath units, five (5) 3 bedroom + 2 bath units. This hidden gem offers a quiet, landscaped central courtyard, private balconies/patios and spacious floorplans, and most units feature wood flooring and ceiling fans. Less than one mile from Warner Center, Westfield Topanga, and the Village, Variel Towers has a prime south San Fernando Valley location. The building is also proximate to Woodland Hills, Calabasas, Pierce College, Ventura Blvd, and the 101 Freeway, with various public transportation options nearby, as well. Variel Towers is fully gated and secure, with 23 car covered parking in rear. The building has a laundry room on-site and is separately metered for gas and electric. Rents are currently below market, with excellent +40% upside. The current Cap Rate is 6.00% and current GRM is 9.74.
25484897
MLSⓇ ID
January 17, 2025
Listed
January 17, 2025
Updated
Map
7237 Variel Avenue
Canoga Park CA, 91303
Interior Features
Total Stories
2
Bedrooms
61
Total Bathrooms
40
Appliances
Refrigerator
Laundry Description
Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.54 Acres
Other Property Details
Area Name
CP - Canoga Park
Garage
No
Parking
Gated
Parking Total
25
View
No
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAR3
Listing Contact: 310-877-8600
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/17/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 1/17/2025 at 8:08 PM UTC