NOT LISTED FOR SALE

7323 Milwood Ave Los Angeles, CA 91303

Canoga Park Neighborhood
8 Beds
12 Baths
5,328 Sq Ft
7,500 Sq Ft Lot

Last Sold March 05, 2024

Last sale price $1,600,000 $300 Per Sq Ft

90 Days on Market

About This Home

As of March 2024

We are proud to present the sale of The Milwood Apartments, a well maintained 11 Unit multifamily property in the heart of Canoga Park. The unit mix consists of 6 (One Bedroom + One Bath), 2 ('Guest Room'/ Bedroom + One Bath), and 3 ('Guest Room' + One Bath) units. The property has undergone recent upgrades to the units which have passed SCEP inspections and are all up to code. The Guest Rooms are similar to other 'normal' apartment units with the only difference being that they have small kitchenettes; three of the Guest Rooms have a separate bedroom and two are similar to studios. The building is almost all electric except for the hot water which is powered by a newer central water heater. Tenants pay for their own electricity, which makes the operating expenses relatively low for the owner. Soft story retrofit was completed in 2021. There are 8 parking spaces all of which the owner collects additional income from. Priced at an incredible low price per unit, this deal will attract even the shrewdest investor! The Milwood Apartments are located in the heart of Canoga Park in The San Fernando Valley within close proximity to Sherman Way and Canoga Ave. Conveniently situated within a short driving distance to The West Field Topanga, The Topanga Village, Warner Center, and Pierce College. Moreover, the Sherman Way Orange Line Station is within a short walking distance making the Milwood Apartments an ideal location for any tenants looking to transit within the city. Other area highlights include ease of access to hospitals (Kaiser Permanente Woodland Hills), and schools (Hart Elementary School, Canoga Park Middle School, and Canoga Park High School).

Last Agent to Sell the Property

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010 Listed on: 10/26/2023

Remax Commercial and Investment Realty

Co-Listed By

Luis Morales

Remax Commercial and Investment Realty License #01485986

Last Buyer's Agent

Hamid Nejad

Keller Williams Realty Calabasas License #02020499

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,500

Interior Spaces

  • 5,328 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 12 Bathrooms

Parking

  • 8 Parking Spaces
  • Covered Parking

Additional Features

  • 7,500 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 2112-024-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5328
  • Lot Acreage: 0.1722
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 305.93

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 681707
  • Assessed Land Percent: 40
  • Assessed Land Value: 454471
  • Total Assessed Value: 1136178
  • Assessor Parcel Number: 2112-024-019
  • Lot Size Area: 7500

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.91
  • Number Of Units: 11
  • Total Annual Expense: 50440
  • Type Of Units: Apartment
  • Vacancy Rate: 1%

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2024 03/05/24 Sold $1,600,000 -1.8% $300 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
01/17/2024 01/17/24 Price Changed $1,630,000 -3.5% $306 / Sq Ft
12/12/2023 12/12/23 Price Changed $1,689,000 -6.9% $317 / Sq Ft
10/26/2023 10/26/23 For Sale $1,815,000 -- $341 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Enrique Viramontes

    Seller's Agent in 2024

    Enrique Viramontes

    RE/MAX

    (213) 233-4363

    1 in this area

    36 Total Sales

    Enrique Viramontes
    Section Image
  • Luis Morales

    Seller Co-Listing Agent in 2024

    Luis Morales

    RE/MAX

    (213) 233-4392

    1 in this area

    12 Total Sales

    Luis Morales
    Section Image
  • Hamid Nejad

    Buyer's Agent in 2024

    Hamid Nejad

    Keller Williams Realty Calabasas

    (310) 709-7805

    2 in this area

    16 Total Sales

    Hamid Nejad
    Section Image
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Map

Source: The MLS

MLS Number: 23-325677

The MLS

California Los Angeles County Los Angeles 91303 Canoga Park

7323 Milwood Ave, Los Angeles, CA

This home is located at 7323 Milwood Ave, Los Angeles, CA 91303 since 26 October 2023. This property was built in 1964. 7323 Milwood Ave is a home located in Los Angeles County with nearby schools including Hart Street Elementary School, Christopher Columbus Middle School, and Canoga Park Senior High School.

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