Canoga Park Multifamily Broker

Lee & Associates tracks Canoga Park with Winnetka and Reseda; buildings of 10+ units there sold at $190,000 per unit and a 6.3% average cap rate in H1 2026. Samples are small, so your own rent roll and comps matter most. Our sale of 21700 Roscoe Blvd, 28 units at $4,975,000 and a 5.34% cap rate, is a direct comp.

The submarket is thin and pricing swings: $175,000 per unit in H1 2025, $412,500 in H2 2025 and $190,000 in H1 2026, with cap rates between 5.5% and 6.3%. With so few trades, one well-run sale can set the comp.

Timing depends on price, financing and how fast you deliver due diligence; escrow typically runs 30 to 60 days. A full campaign usually brings more buyers and a higher price; off-market works when the right buyer is already in hand.

Canoga Park is in the City of LA, so buildings built on or before October 1, 1978 generally fall under the RSO (3% allowed increase from July 1, 2026 to June 30, 2027). Most newer buildings over 15 years old fall under AB 1482: 5% plus CPI, max 10%, or 8.7% in the LA area from August 1, 2026. We confirm RSO status before pricing.

Yes. For City of LA sales closing after June 30, 2026, ULA takes 4% of the full price above $5.4 million and 5.5% at $10.9 million or more, on top of the 0.45% City and 0.11% County transfer taxes. Other costs: the broker commission (negotiated, not set by law), escrow, title and any loan prepayment penalty. Our $9,800,000 sale of 21921 Lanark St would fall in today's 4% bracket, so we model net proceeds first.

In the City of LA, ED1's fast track for 100% affordable projects became permanent law on December 19, 2025, and CHIP density bonuses took effect in February 2025. We check zoning and lot size so buyers pay for real upside.

Have a current rent roll, a T-12 (trailing 12 months of income and expenses), leases and repair records ready, and fix or disclose deferred maintenance. LA's soft-story program covers wood-frame buildings of 2+ stories and 4+ units with tuck-under parking built under pre-1978 codes; buyers will ask for proof of retrofit. 21700 Roscoe Blvd completed its retrofit in 2019, which helped its sale.

Buyers include 1031 exchange investors, who must identify within 45 days and close within 180 days (the same IRS deadlines apply if you exchange), and private local owners. David Saghian has closed 2 Canoga Park sales totaling $14,775,000, 21921 Lanark St and 21700 Roscoe Blvd, and our team has closed more than $400M in LA sales.