8555 Independence Avenue

8555 Independence Avenue

CALL FOR OFFERS (FRIDAY, FEBRUARY 23rd at 3:00pm) CONTACT LISTING AGENT TO SCHEDULE PROPERTY TOUR. VALUE ADD OPPORTUNITY – RENT SIGNIFICANTLY BELOW MARKET (35% upside in rents)Matthews Real Estate Investment Services is pleased to offer for sale the Independence Apartments, a 29-unit apartment building located in Canoga Park, CA. The asset was built in 1979 and is not subject to rent control. The property has an excellent unit mix including 18 Studio units, 9 one-bedroom / one-bathroom units, 1 two-bedroom / one-bathroom units, and 1 two-bedroom / two and a half bathroom units. The property also boasts a strong amenity package including gated parking spaces (open and tuck-under), intercom entry, a swimming pool, and an on-site laundry facility, Unit amenities include central air and heat, spacious floor plans, with some units with patios and balconies.

  • PRICE: $5,680,000

  • UNITS: 29

  • SQ FOOTAGE:  18,389

  • LOT SIZE: 30,424 Sq. Ft.

  • LOCATION: Canoga Park, CA

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