Property Detail

7305 Variel

Canoga Park CA 91303

$1,575,000

Status: Active

Property Details

Description

We are pleased to present 7305 Variel Avenue, a ten-unit apartment property situated on the northwest corner of Variel Avenue and Wyandotte Street in Canoga Park. Built in 1958, the two-story building features eight one-bedroom/one-bathroom units and two studios, totaling 6,942 square feet on an 8,552-square-foot R3-1 corner lot. The property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) and provides ten parking spaces.The investment opportunity is centered on established in-place income and demonstrated rental upside. According to ownership's August 19, 2026 rent roll, the property is fully occupied and generates $170,004 in annual scheduled rent. Three leases executed in 2026, including a studio at $1,395 and two one-bedroom units at $1,595 and $1,695, establish recent leasing benchmarks, and unit 3 is leased at $1,795. At the LAAA Team's pro forma rents of $1,795 for the one-bedroom units and $1,500 for the studios, the property produces approximately $208,320 in potential annual rental income, representing 23% upside as units turn, subject to applicable RSO requirements.Select renovated residences feature white shaker cabinetry, quartz countertops, gas ranges, plank flooring, and recessed lighting. Tenants pay for their own gas and electric. The property is located in ZIP 91303, a Tier 7 area under the Housing Authority of the City of Los Angeles (HACLA) Section 8 payment standards effective September 1, 2026, which allow up to $2,110 for a studio and $2,370 for a one-bedroom unit. The combination of recent leasing activity and existing occupancy positions the property for investors seeking current cash flow with the potential to increase income through future turnover.7305 Variel Avenue offers private investors, 1031 exchange buyers, and owner-operators an opportunity to acquire a fully occupied ten-unit property in an established West Valley rental market, with existing income, documented rental upside, and proximity to the Warner Center corridor.The property is located one block north of Sherman Way, providing convenient access to neighborhood retail, dining, and everyday services. Its location places residents near Westfield Topanga, The Village at Westfield Topanga, and the Warner Center employment and retail district. Pierce College, Kaiser Permanente Woodland Hills Medical Center, and the Metro G Line further connect the property to major West San Fernando Valley amenities and transportation infrastructure. The nearest public transit stop is the Metro G Line (Orange) busway's Sherman Way Station at Sherman Way and Canoga Avenue, approximately 0.3 miles away. The address carries a Walk Score of 87, classified as Very Walkable.ZIP 91303 counts 29,805 residents with a median age of 33.5, and 78% of its households rent. The median household income is $74,474 and the median gross rent $2,057. Of the ZIP's 11,405 housing units, 3,963 were built before 1970 and 496 since 2020.

Map Location

Listing provided courtesy of Filip Niculete of Marcus & Millichap. Last updated 2026-10-17 08:12:32.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
admin Real estate 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM 9:00 AM - 6:00 PM 9:00 AM - 5:00 PM 9:00 AM - 5:00 PM https://static.royacdn.com/Site-90036f5f-a158-4157-839e-06d47f558f76/inside_pages/ever_eternity.JPG realtor # # # https://static.royacdn.com/Site-90036f5f-a158-4157-839e-06d47f558f76/inside_pages/ever_eternity.JPG

Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

https://s3.amazonaws.com/static.organiclead.com/Site-90036f5f-a158-4157-839e-06d47f558f76/homepage/welcome_img.png /*|--------------------------------------------------------------------------| REVIEWS|--------------------------------------------------------------------------*/

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

/*|--------------------------------------------------------------------------| FEATURED STAFF|--------------------------------------------------------------------------*/