Bobby Karami
Rodeo Realty
(747) 233-2135
64 Total Sales
20 in Canoga Park
$465K - $1.3M Price Range
7049 Vassar Ave Los Angeles, CA 91303
Canoga Park Neighborhood
5
Beds
5
Baths
9,883
Sq Ft
0.32
Acre Lot
About This Home
As of September 2025Welcome to 7049 Vassar Ave, a rare investment opportunity located in the highly sought-after neighborhood of Canoga Park in the San Fernando Valley. This well-maintained 17-unit apartment complex offers a desirable unit mix consisting of 8 singles, 5 one-bed/one-bath, 1 two-bed/one-bath, and 3 two-bed/two-bath units. Perfectly positioned in a high-demand rental market, this asset presents a compelling opportunity for investors seeking value-add potential and long-term stability.
The property features individually metered gas and electric, helping reduce owner expenses and improve operational efficiency. Recent capital improvements include copper plumbing throughout the building and completed seismic retrofitting, providing both peace of mind and compliance with city regulations. Additional amenities include on-site parking, on-site laundry, and alley access, enhancing convenience for tenants.
Located just minutes from major shopping and entertainment destinations, residents enjoy proximity to Westfield Topanga Mall, The Village at Topanga, Costco Wholesale, and Home Depot. Commuters will appreciate the property’s easy access to the 101 Freeway and local public transit, while students benefit from the short distance to Pierce College. This strategic location ensures strong tenant demand and low vacancy rates.
With tremendous rental upside potential, 7049 Vassar Ave is a turnkey investment opportunity in one of Los Angeles' most active rental corridors. Whether you're expanding your portfolio or entering the multifamily market, this property offers location, stability, and upside all in one package.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Last Agent to Sell the Property
Keller Williams Realty-Studio City Brokerage Phone: 818-381-6601 License #01822661 Listed on: 06/03/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 14,065 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 9,883 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 15 / 77
- Tax Tract Number 8852
- Assessor Parcel Number 2138002026
- $2,108 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $7,880
- Fuel Expense $7,880
- Gardener Expense $1,500
- Insurance Expense $12,848
- Maintenance Expense $10,070
- Other Expense $3,400
- Pest Control $1,200
- Professional Management Expense $18,230
- Trash Expense $6,120
- Water Sewer Expense $7,880
- New Taxes Expense $36,875
- Operating Expense $113,883
- Gross Income $251,750
- Net Operating Income $137,867
Additional Features
- 17 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2025
Closed on
Aug 26, 2025
Sold by
Bought by
Seller's Agent
James Antonucci
Keller Williams Realty-Studio City
Buyer's Agent
Dalida Maserejian
American Realty Centre,Inc.
List Price
$2,950,000
Sold Price
$2,850,000
Premium/Discount to List
-$100,000
-3.39%
Views
18
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,460,000
Outstanding Balance
$1,447,082
Interest Rate
6.74%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 22, 1999
Sold by
Bought by
Purchase Details
Closed on
Dec 4, 1996
Sold by
Bought by
Purchase Details
Closed on
Nov 18, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Canoga Park, CA
-
Bobby Karami
-
Lynn Lord
Lynn Lord
Estate Properties
(562) 582-8571
49 Total Sales
1 in Canoga Park
$1,775,000 Price
-
Christine Cheng
Christine Cheng
Keller Williams Realty/Temecula
(628) 244-8657
52 Total Sales
1 in Canoga Park
$1,280,000 Price
-
Tami Cicerello
Tami Cicerello
RE/MAX of Santa Clarita
(747) 210-0306
134 Total Sales
1 in Canoga Park
$1,143,000 Price
-
Carl De Palma
Carl De Palma
Keller Williams Westlake Village
(805) 210-8241
25 Total Sales
7 in Canoga Park
$320K - $922K Price Range
-
Matthew Isbell
Matthew Isbell
Compass
(424) 380-7615
49 Total Sales
2 in Canoga Park
$369K - $925K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,850,000 | Lawyers Title Company | ||
| -- | -- | ||
| -- | Commonwealth Title | ||
| -- | Commonwealth Title | ||
| -- | Commonwealth Title | ||
| $460,000 | Commonwealth Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,460,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | Sold | $2,850,000 | -3.4% | $288 / Sq Ft |
| 08/12/2025 08/12/25 | Pending | -- | -- | -- |
| 06/03/2025 06/03/25 | For Sale | $2,950,000 | -- | $298 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,870 | $749,178 | $285,009 | $464,169 |
| 2024 | $10,920 | $734,489 | $279,421 | $455,068 |
| 2023 | $10,744 | $720,089 | $273,943 | $446,146 |
| 2022 | $10,321 | $705,971 | $268,572 | $437,399 |
| 2021 | $10,152 | $692,129 | $263,306 | $428,823 |
| 2019 | $9,895 | $671,602 | $255,498 | $416,104 |
| 2018 | $9,637 | $658,435 | $250,489 | $407,946 |
| 2016 | $9,071 | $632,869 | $240,763 | $392,106 |
| 2015 | $8,960 | $623,364 | $237,147 | $386,217 |
| 2014 | $9,103 | $611,154 | $232,502 | $378,652 |
Source: Public Records
Agents Affiliated with this Home
-
James Antonucci
Seller's Agent in 2025
James Antonucci
Keller Williams Realty-Studio City
(818) 432-1647
79 Total Sales
-
Mike Pesci
Seller Co-Listing Agent in 2025
Mike Pesci
Keller Williams Studio City
(818) 432-1647
86 Total Sales
-
Dalida Maserejian
D
Buyer's Agent in 2025
Dalida Maserejian
American Realty Centre,Inc.
(818) 507-1111
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25124036
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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