Canoga Park Multifamily Trades Big

The Verandas, an 81-unit apartment complex in Canoga Park, just changed hands for $26.3 million, in a deal brokered by CBRE Capital Markets. The buyer was CORES Management and the seller of the asset was Canoga Mountain View Associates, both of which CBRE represented.

The property is now 95 percent leased and has courtyards, fountains, a pool and spa, Wi-Fi lounge and a gym. The Verandas is also near several retail amenities and public transportation. It’s also close to the Warner Center, which is considered the largest employment hub in the San Fernando Valley.