Skip to main content
Active
20918 Gresham St Canoga Park, CA 91304
$18,750,000
90 beds
47,821 sq ft

Courtesy of Marcus & Millichap 818-212-2700

Contact Me to Learn More

Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

Property Description

We are pleased to present the Terra Apartments, a forty-nine unit apartment building in the Canoga Park submarket of the San Fernando Valley bordering Chatsworth and Northridge. Built in 2003, the building has an excellent unit mix consisting of 12 one-bedroom/one-bathroom units, 2 two-bedroom/one-bathroom units, 31 two-bedroom/two-bathroom units and 4 three-bedroom/two-bathroom units. The community amenity package includes a swimming pool, fitness center, picnic area with barbecue, on-site laundry room, gated parking, storage area and controlled access. The units feature expansive floor plans, central air and heat, refrigerator, gas range stove, garbage disposal and dishwasher. This building allows an incoming investor to continue to execute on the established renovation plan to update the remaining outdated units and capitalize on the spread between current and market rental rates.Centrally located in the Western San Fernando Valley, the Terra Apartments provide residents with excellent accessibility to employment, area amenities, and transportation options. The property is only 3.5 miles north of Warner Center, a major employment center with 10 million square feet of office and industrial space. Major employers in the area include Aerojet/Rocketdyne, Northrop Grumman, Boeing, HealthNet, 21st Century Insurance, Medtronic, Deloitte, Panavision, Farmers Insurance, Anthem, Universal Music Group, and many more. In addition, the Terra Apartments location are walking distance to the Metro Orange Line Nordhoff Station and is in close proximity to the 101 and 118 freeways. The accessibility of the surrounding area has resulted in rental options, such as the Terra Apartments, becoming an increasingly attractive living option and has continued to fuel rent growth.

Property Details & Features

Property Type

  • Multi Family Residence

Year Built

  • 2003

Appliances and Equipment

  • None

Bathrooms

  • 86.00 total bathrooms

Bedrooms

  • 90 total bedrooms

House

  • 47,821 sq ft
  • Built in 2003

Cooling

  • Central

Disclosures

  • None

Garage

  • Covered Parking

Heating

  • Central

Listing

  • ListDate: 2022-10-28
  • PricePerSqFt: $392
  • 32 days on market

Location

  • County: Los Angeles
  • ListingArea: Canoga Park

Lot

  • LotAcreage: 0.9401
  • LotSizeArea: 41,002
  • LotSizeDimensions: 100×410

Parking

  • TotalParking: 92

Property

  • NumberOfUnits: 49
  • Zoning: LAR3

Mortgage Calculator

Let’s Talk

You’ve got questions and we can’t wait to answer them.

We use cookies and tracking technology in connection with your activities on our website. By viewing and using our website, you consent to our use of cookies and tracking technology in accordance with our Privacy Policy.