7018 Alabama Ave
- 2020 Built | Newer Construction
- Great Mix of 2, 3 & 4 Bed Units
- Fully Stabilized Property
- Mostly Townhouse Style Units
- Walk to Uptown Warner Center
- Walk to Westfield Topanga
- Premium Building Amenities
- 86 Walk Score | 91 Bike Score
Property Description
The LAAA Team of Marcus & Millichap is pleased to present the 2020-constructed, nine-unit multifamily community located at 7018 Alabama Avenue in Canoga Park, California, within a quarter mile of Westfield Topanga and The Village. The Offering features a highly desirable unit mix consisting of four two-bed/two-bath flats, one three-bed/three-bath townhouse, three three-bed/three-bath + den townhouses, and one four-bed/four-bath townhouse, catering to high-income households seeking space, privacy, and modern finishes. The property benefits from its location within the rapidly evolving West Valley submarket, and from its immediate proximity to Warner Center, an established and expanding employment and lifestyle hub. Warner Center is currently experiencing over $5 billion in capital investment across major office, retail, hospitality, and residential developments, reinforcing long-term demand fundamentals. Additionally, the Offering is surrounded by affluent, high-barrier neighborhoods including Woodland Hills, Calabasas, Hidden Hills, and West Hills, and is a short drive to Westfield Topanga and The Village, the third-largest shopping center in the United States, offering best-in-class retail, dining, and entertainment amenities. The Offering is a townhouse-style, non-rent-controlled luxury community representing one of the newer-vintage multifamily assets in the West Valley. Residences are designed with open floor plans, expansive windows, and generous balconies and sliders, delivering abundant natural light and indoor-outdoor living. Interior finishes include custom European cabinetry, Grohe fixtures, quartz surfaces, hardwood flooring, digital climate control, and en-suite laundry, complemented by Samsung appliance packages, gas ranges, and full kitchens equipped with refrigerators, microwaves, dishwashers, and disposals. The community offers a curated set of modern amenities and infrastructure features uncommon for boutique assets, including a rooftop deck, EV-charger hookups, elevator access, secured storage areas, and a state-of-the-art security system with controlled/gated access and private nighttime security. These features support premium rents, tenant retention, and long-term asset competitiveness. Furthermore, the property boasts walkable access to the Metro Orange Line, providing direct connectivity to North Hollywood and the broader Los Angeles transit network. Overall, this turnkey, non-rent-controlled investment presents a rare opportunity to acquire a 2020-vintage luxury multifamily asset in a supply-constrained, high-income West Valley location with strong demographic tailwinds and long-term growth drivers.
Key Property Information
| Listing Status: | Available |
|---|---|
| Price: | $5,100,000 |
| No. of Units: | 9 |
| Cap Rate: | 5.27% |
| GRM /GIM: | 13.32 |
| Year Built: | 2020 |
| Building Size: | 11,765 Sq ft |
| Lot Size: | 0.17 Acres |
| Opportunity Zone: | No |
| Price per unit: | $566,667 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Glen Scher | 818-212-2808 | [email protected] |
| Filip Niculete | 818-212-2748 | [email protected] |
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