7313 Milwood Avenue

Description

This 2022-built, two-story apartment building in Canoga Park is a modern and highly desirable property designed for both convenience and profitability. With 9 spacious and well-designed units, the building offers a blend of comfort, security, and low-maintenance living, making it an excellent investment opportunity.Key Features:Location:Situated in a prime Canoga Park location, the building is close to public transportation, markets, schools, shopping centers, entertainment venues, parks, and other amenities. This makes it highly attractive to tenants seeking convenience and accessibility.Parking:The property includes gated and covered parking, providing residents with secure and protected parking spaces"a highly sought-after feature.Elevator:A building elevator adds to the convenience, especially for residents on the second floor or those with mobility needs.Energy Efficiency:The building is designed with low electricity costs in mind, thanks to sensor-controlled common area lighting. This eco-friendly feature reduces energy consumption and operational expenses.Security:Gated building with Video security cameras installed in all common areas, ensuring a safe and secure environment for residents. This adds peace of mind for both tenants and property owners.Maintenance:As an almost brand-new building, it requires minimal maintenance, reducing long-term costs and hassles. This makes it an ideal investment for generating high rental income without the burden of heavy upkeep.Occupancy and Rental Income:The property currently enjoys 100% occupancy, demonstrating its strong appeal in the rental market. Additionally, a few units are ready to be adjusted for higher rents, offering the potential for increased revenue.Unit Design:All units are spacious and thoughtfully designed, catering to modern living standards. The layout and finishes are likely to attract quality tenants willing to pay premium rents.Investment Potential:This property is a turnkey investment opportunity, offering immediate rental income with the potential for growth. Its modern features, energy efficiency, and low maintenance requirements make it a financially sound choice for investors. The combination of a great location, high-quality construction, and strong tenant demand ensures long-term profitability and stability.