See Home Value
$2,693,367*
Multifamily - Off Market

6819 Variel Ave

Canoga Park, CA 91303
bedrooms
Studio
bathrooms
0 Bath
$1,845,000 - $2,255,000
Reference Base Price*
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

WARNER CENTER DEVELOPMENT  - located in an OPPORTUNITY ZONE.  Due to the Opportunity Zone, you can build 40 units and in 10 years sell the property and pay ZERO CAPITAL GAINS TAX! Currently a 100% occupied 6-unit multi-family building on a 9,003 sf parcel allowing the developer  to earn income while plans and entitlements are underway.  Eased building restrictions in the Warner Center allow for up to 40-units with NO HEIGHT RESTRICTIONS.  Special zoning only requires 1/2 parking spaces per unit and there are NO REQUIREMENTS FOR AFFORDABLE HOUSING.  LA is undergoing a massive revitalization project along 51-miles of the LA river which starts in Canoga Park and ends in Long Beach.  World-Renown Architects such as Frank Gehry are involved, making this particular development an exciting opportunity and your chance to be a part of the action. The building is currently occupied, so PLEASE DO NOT DISTURB THE TENANTS!
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1959

Price History

Date / Event Date Event Price
Dec 29, 2020 No longer available -
No longer available
Nov 24, 2020 Price Decreased $2,050,000
↓ $50K (2.4%)
Price Decreased
Nov 8, 2020 Relisted $2,100,000
Relisted
Nov 6, 2020 No longer available -
No longer available
Sep 1, 2020 Price Decreased $2,100,000
↓ $75K (3.5%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Parking Available


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
7 Beds
5 Baths
20,779 ft²
$79/ft²
$1,650,000 Apr 11, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200809
08/09/2020
Studio
-
-
$2,175,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

6819 Variel Avenue 6819 Variel Avenue, Canoga Park, CA 91303
More about this Building
6819 Variel Avenue
Want to find out who owns 6819 Variel Avenue, Canoga Park, CA 91303? Get detailed property transactions here .

About South Valley


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