Investment Overview

Marcus & Millichap is pleased to present a 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 (4) two-bedroom/two-bath flats, one (1) three-bedroom/three-bath townhouse, three (3) three-bedroom/three-bath townhouses with dens, and one (1) four-bedroom/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 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 housing 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 luxury community representing one of the newer-vintage multifamily assets in the West Valley. While the property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), its 2020 construction, large average unit sizes, and high-income tenant profile position the asset favorably for long-term income stability, strong tenant retention, and predictable operations. 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 and gated access and private nighttime security. These features support premium rents, tenant satisfaction, and long-term asset competitiveness within the West Valley luxury rental market. 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, 2020-vintage luxury multifamily investment presents a rare opportunity to acquire a high-quality, RSO-subject asset in a supply-constrained, high-income West Valley location with strong demographic tailwinds and durable long-term growth drivers.