Andrew Hart
Real Broker
(818) 463-1176
65 Total Sales
2 in Canoga Park
$349,000 Price Range
7237 Variel Ave Canoga Park, CA 91303
Canoga Park Area
61
Beds
40
Baths
23,413
Sq Ft
0.63
Acre Lot
Highlights
- Gated Parking
- Balcony
- Gated Home
- 0.63 Acre Lot
- Laundry Room
About This Home
As of May 2025Variel 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.
Last Agent to Sell the Property
David Ballin Kaufman License #01217537 Listed on: 01/17/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 27,421 Sq Ft Lot
- Lot Dimensions are 150x182
- Gated Home
Interior Spaces
- 23,413 Sq Ft Home
- 2-Story Property
- Oven or Range
- Laundry Room
Bedrooms and Bathrooms
- 61 Bedrooms
- 40 Bathrooms
Parking
- 25 Parking Spaces
- Gated Parking
Outdoor Features
- Balcony
Utilities
- Cooling System Mounted To A Wall/Window
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
Community Details
- 25 Units
Listing and Financial Details
- Assessor Parcel Number 2112-022-023
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
Jan 17, 2025
Closed on
Apr 29, 2025
Sold by
Bought by
Seller's Agent
David Kaufman
David Ballin Kaufman
Buyer's Agent
David Kaufman
David Ballin Kaufman
List Price
$5,150,000
Sold Price
$5,000,000
Premium/Discount to List
-$150,000
-2.91%
Views
9
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,451,000
Outstanding Balance
$3,407,019
Interest Rate
6.65%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 11, 2017
Closed on
Aug 14, 2017
Sold by
Bought by
Seller's Agent
Rick Raymundo
Marcus & Millichap
Buyer's Agent
David Kaufman
David Ballin Kaufman
List Price
$5,150,000
Sold Price
$5,050,000
Premium/Discount to List
-$100,000
-1.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.13%
Original Mortgage
$3,650,000
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 19, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,463,288
Interest Rate
6.07%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 1, 2003
Sold by
Bought by
Purchase Details
Closed on
Nov 6, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Canoga Park, CA
-
Andrew Hart
-
Martha Aguilera
Martha Aguilera
RE/MAX of Santa Clarita
(866) 699-4909
58 Total Sales
1 in Canoga Park
$663,000 Price
-
Justin Bonney
Justin Bonney
Clear Way Real Estate
(747) 294-3329
86 Total Sales
1 in Canoga Park
$1,020,000 Price
-
David Leung
David Leung
SoCal Homes, Inc.
(424) 532-7059
33 Total Sales
3 in Canoga Park
$830K - $1M Price Range
-
Rudy Kusuma
Rudy Kusuma
LPT Realty, Inc
(916) 249-4078
152 Total Sales
1 in Canoga Park
$406,000 Price
-
Vartan Ambarian
Vartan Ambarian
Keller Williams R. E. Services
(747) 292-6978
20 Total Sales
1 in Canoga Park
$1,000,000 Price
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 |
|---|---|---|---|
| $5,075,000 | Chicago Title Insurance Compan | ||
| $5,050,000 | North American Title Co Inc | ||
| $2,750,000 | Southland Title Company | ||
| -- | -- | ||
| -- | -- |
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 | $3,451,000 | ||
| Previous Owner | $3,650,000 | ||
| Previous Owner | $2,555,000 | ||
| Previous Owner | $2,013,750 | ||
| Previous Owner | $2,500,000 | ||
| Previous Owner | $2,062,500 | ||
| Previous Owner | $1,463,288 | ||
| Previous Owner | $1,956,500 | ||
| Previous Owner | $975,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2025 05/08/25 | Sold | $5,000,000 | -2.9% | $214 / Sq Ft | |
| 02/12/2025 02/12/25 | Pending | -- | -- | -- | |
| 01/17/2025 01/17/25 | For Sale | $5,150,000 | +2.0% | $220 / Sq Ft | |
| 09/06/2017 09/06/17 | Sold | $5,050,000 | -1.9% | $216 / Sq Ft | View Prior Sale |
| 07/11/2017 07/11/17 | For Sale | $5,150,000 | -- | $220 / Sq Ft |
Source: The MLS
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 | $72,125 | $5,746,032 | $2,298,412 | $3,447,620 |
| 2024 | $71,170 | $5,633,366 | $2,253,346 | $3,380,020 |
| 2023 | $69,829 | $5,522,909 | $2,209,163 | $3,313,746 |
| 2022 | $66,665 | $5,414,618 | $2,165,847 | $3,248,771 |
| 2021 | $65,765 | $5,308,450 | $2,123,380 | $3,185,070 |
| 2019 | $63,845 | $5,154,305 | $2,060,400 | $3,093,905 |
| 2018 | $63,188 | $5,053,305 | $2,020,000 | $3,033,305 |
| 2016 | $40,217 | $3,174,650 | $1,269,847 | $1,904,803 |
| 2015 | $39,654 | $3,126,965 | $1,250,773 | $1,876,192 |
| 2014 | $40,169 | $3,065,713 | $1,226,273 | $1,839,440 |
Source: Public Records
Agents Affiliated with this Home
-
David Kaufman
Seller's Agent in 2025
David Kaufman
David Ballin Kaufman
(818) 464-3211
19 Total Sales
-
Rick Raymundo
Seller's Agent in 2017
Rick Raymundo
Marcus & Millichap
(818) 219-6146
71 Total Sales
Map
Source: The MLS
MLS Number: 25-484897
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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