Canoga Park Apartment Building Sales
Explore 10 closed transactions totaling $29.36M in Canoga Park. Data from the LAAA Team at Marcus & Millichap.
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Transactions
$29.36M
Total Volume
5.32%
Avg Cap Rate
$184,383
Avg $/Unit
23
Avg Units
2012
Since
Cap rate, price per unit and unit count are averaged across apartment sales only: 6 of these 10 closed transactions are apartment sales.
LAAA Team Track Record Since 2012
Canoga Park Multifamily Market Overview
Canoga Park provides one of the San Fernando Valley's most accessible entry points for multifamily investors, with some of the highest average cap rates in the Valley and larger building sizes that offer operational scale. Across 10 closed transactions totaling $29.4M in volume, the LAAA Team has documented an average cap rate of 5.32% and an average price per unit of $184,383 across its 6 apartment sales, with an average building size of approximately 23 units.
The apartment stock along Saticoy Street, Sherman Way, Vanowen Street, and Topanga Canyon Boulevard consists predominantly of 1970s Type V wood-frame garden-style buildings with surface parking, many featuring 20-40 units. These larger buildings offer economies of scale that smaller 4-8 unit properties cannot match, including on-site management and dedicated maintenance.
Canoga Park's proximity to Warner Center, the West Valley's primary office and retail hub anchored by Westfield Topanga and The Village, drives workforce housing demand from service industry and office workers seeking affordable rents close to employment. The planned Metro B Line extension to Warner Center will further strengthen transit connectivity and long-term demand fundamentals. Most buildings fall under the LA RSO for pre-1978 construction.
Market Snapshot
Source: CoStar | West San Fernando Valley Multifamily | 2026 Q1Rents by Unit Type
Investment Activity (Trailing 12 Mo)
Canoga Park Market Area
LAAA Team Closings in Canoga Park
10 transactions by Glen Scher, Filip Niculete & the LAAA Team
6902 Milwood Ave
Canoga Park • 2024
$1,510,000Units
8Cap
5.36%$/Unit
$188,750
7403 Topanga Canyon Blvd
Canoga Park • 2021
$800,000
21314 Sherman Way
Canoga Park • 2021
$2,600,000Cap
-1.03%
21320 Parthenia St
Canoga Park • 2018
$7,205,000Units
24Cap
4.71%$/Unit
$300,208
21909 Lanark St
Canoga Park • 2017
$6,515,000Units
33Cap
4.84%$/Unit
$197,424
7310 Eton Avenue
Canoga Park • 2016
$675,000
7240 Jordan Avenue
Canoga Park • 2016
$3,000,000Units
17Cap
4.48%$/Unit
$176,471
7310 Eton Avenue
Canoga Park • 2015
$500,000
7337 Independence Avenue
Canoga Park • 2014
$4,075,000Units
30Cap
5.90%$/Unit
$135,833
8200 Owensmouth Avenue
Canoga Park • 2013
$2,475,000Units
23Cap
6.60%$/Unit
$107,609
Source: LAAA Team Closed Transactions
Recent Deal Stories
Our Active Listings in Canoga Park
Canoga Park Multifamily Investment FAQs
Canoga Park apartment buildings average $184,383 per unit across the LAAA Team's 6 apartment sales among 10 closed transactions, totaling $29.4M in volume. This is one of the most affordable entry points in the San Fernando Valley, with average building sizes of approximately 23 units offering investors operational scale not available in smaller-unit markets.
Cap rates in Canoga Park average 5.32% across Canoga Park's 6 apartment sales, among the highest averages in the San Fernando Valley. This yield premium compared to Sherman Oaks (4.06%) and North Hollywood (4.29%) reflects more affordable pricing and strong workforce housing cash flow, making Canoga Park attractive to investors prioritizing current income.
Canoga Park offers the Valley's strongest combination of cash flow yield (5.32% average apartment cap rate), affordable entry point ($184,383 per unit), and operational scale (23-unit average building size). Proximity to Warner Center employment, the planned Metro B Line extension, and consistent workforce housing demand from the West Valley's service and office economy support stable occupancy and predictable returns.
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