Northgate Apartments

8380 Northgate Avenue Canoga Park, CA 91304 25 Units
Northgate Apartments

Investment Highlights

  • Fully Occupied with Rental Upside
  • Qualified Opportunity Zone
  • In-Place Rents Currently Below Market
  • Highly Desirable Unit Mix
  • High Walk Score with Outstanding Visibility
  • Robust Rental Demand

Property Description

The Mogharebi Group is pleased to present the opportunity to acquire Northgate Apartments, a multifamily property located at 8380 Northgate Avenue in Canoga Park, California. This offering consists of a fully occupied, 25-unit apartment complex. The property features a diverse mix of studios, one-, and two-bedroom floor plans. Currently, property rents at Northgate Apartments are stable at 30% below market, this presents a potential value-add opportunity through strategic renovations and repositioning. Northgate Apartments is situated in an opportunity zone, which may offer additional tax incentives for investors. The property includes a range of amenities designed to enhance tenant appeal, these include private balconies, controlled security access, and a dedicated laundry facility. These amenities along with its highly commutable Los Angeles location allow a prospective investor to more easily capitalize on the high in-place loss-to-lease through improved operations. Northgate Apartments offers a unique blend of income and upside within a strong Los Angeles submarket.

Property Location
8380 Northgate Avenue
Canoga Park, CA 91304

Listing Advisors

Otto Ozen

Executive Vice President

(909) 235-7886
Otto@Mogharebi.com

CA Lic. #01030086

Brian Nakamura

Senior Vice President

(909) 235-7889
Brian@Mogharebi.com

CA Lic. #01953694

Keon Truth
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