21921 Lanark St Canoga Park CA 91304
62 bed & 53 bath in Canoga Park
SOLD: $9,800,000 CAP RATE: 4.31% GRM: 14.1 PRICE PER SQUARE FOOT: $303
21921 Lanark St is a 32,360 square foot multifamily property situated on a 0.78-acre lot in Woodland Hills. The property features a total of 62 bedrooms and 53 bathrooms across a well-configured residential community designed to accommodate strong tenant demand in the San Fernando Valley rental market.
Originally acquired on August 8, 2003 for $2,890,000, the property represents a large-scale multifamily asset in a high-demand rental corridor. Its substantial building size and efficient unit mix position it as a stable income-producing investment within one of the Valley’s most established residential submarkets.
Located near major employment centers, retail amenities, and key transportation routes, 21921 Lanark St benefits from consistent renter demand and long-term growth potential driven by the continued strength of the Woodland Hills housing market.
Investment Highlights
Large-Scale Asset – Approximately 32,360 SF of improvements on a 0.78-acre lot
Strong Unit Configuration – 62 bedrooms and 53 bathrooms supporting consistent tenant demand
Prime San Fernando Valley Location – Situated in Woodland Hills, one of the Valley’s most desirable residential submarkets
High Rental Demand Area – Close proximity to employment centers, retail, and major transportation corridors
Long-Term Investment Stability – Multifamily asset class with strong occupancy trends and durable demand
Portfolio-Scale Opportunity – Significant building size suitable for investors seeking scale in a single acquisition
Listed & Sold By:
Tony Sameyah
(310) 749-4475
tony@lyonstahl.com