John E Burge

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7228 IndependenceCanoga Park, CA 91303

Multi-Family · 3,660 Sq. ft. | 0.15 Acres
$1,495,000 Active

7228 Independence Overview

Time on Site:
18 days
Visits:
0

Built in 2009, this property has been meticulously cared for and provides a strong blend of stability, modern construction, and long-term investment potential. A rare chance to acquire a turnkey asset with established rental income in a desirable location. This well-maintained 5-unit income-producing property offers immediate cash flow with all units fully occupied. No rent control. Close to the The Village at Topanga, Westfield shopping center in Woodland Hills, Costco, and the Warner Center! This is the kind of investment opportunity investors are always looking for!

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7228 Independence Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,660
  • Price/Sq.ft. $408
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Common Interest: None

Income/Expenses

  • Gross Scheduled Income: 124200.0
  • Insurance Expense: 3318.0
  • Net Operating Income: 110228.0
  • Trash Expense: 3804.0
  • Water Sewer Expense: 6850.0

Listing Information

  • Contingency: Seller intends to perform a 1031 Exchange at no cost or liability to the Buyer.

Building Information

  • New Construction: No
  • Year Built: 2009

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: CP - Canoga Park
  • Postal City: WOODLAND HILLS

Community/Development

  • Community Features: Valley

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Cable TV,Electricity

General Information

  • Listing Terms: Cash,Cash to New Loan,Conventional,1031 Exchange
  • Parcel Number: 2112018023
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 3660.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: Front Door
  • Laundry Features: None
  • Stories Total: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.1466
  • Lot Size Area: 6387.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6387.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

7228 Independence Neighborhood

Community

91303 (CANOGA PARK) Demographics

32
Median Age
14,234
Population Density (per sq. mile)
32%
College Educated
$62,848
Estimated Median Income
2,470
Estimated Total Home Owners
7,856
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7228 Independence Monthly Cost

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7228 Independence Market Data

Based on the last 30 days in this zip code

$696,998
Average List Price
$521
Average Price per Square Foot
11
Properties Sold
80
Average Days on Market
92
Properties for Sale
Calculations provided by Reliance Network

7228 Independence History

Date Event Value Agent
6/11/2026Source: CRMLS Added to Database
June 11, 2026
Listing provided courtesy of RE/MAX OneMeline Khacheryan- MLS# SR26126244MLS ProviderContact Information: [email protected] - 805-206-3776
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