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

 

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