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7304 Canby Ave, Reseda, CA 91335

  • $1,250,000

  • 6

    bed

  • 7

    bath

  • 5,048

    Sqft ($248/Sqft)

Multi-family for sale 155 days
$149K price drop
Movoto is helping 19 homebuyers near you

About 7304 Canby Ave

Property type Multi-family
Neighborhood
Year built 1926
HOA fee $0/month
Lot size 8,005 Sqft
Movoto estimate
Property description
***SELLER FINANCING AVAILABLE*** 7302-7304 Canby presents a rare, flexible mixed-use investment opportunity in the heart of Reseda's commercial corridor. Situated on a generous lot and zoned C2, the property consists of five units offering an ideal blend of residential income and commercial functionality, with significant upside potential. At the rear of the property are two expansive 1,550 sq. ft. units. One is currently configured as a commercial space featuring a large open workspace, two private offices, kitchen, and bath well suited for a variety of professional or creative uses. Above it sits a bright and spacious 1,550 sq. ft. 3-bedroom, 3-bath residential unit, offering an open floor plan, multiple skylights, abundant windows, and natural light throughout. The modern kitchen is appointed with stainless steel appliances, granite countertops, and in-unit laundry. Additional highlights include laminate wood flooring, central HVAC, and generous closet space. The remaining residential units include three well-maintained 1-bedroom, 1-bath units ranging from 650750 sq. ft., each featuring functional kitchens, ample storage, and in-unit washer and dryer. All units are currently occupied, with tenants on month-to-month commercial leases and a strong payment history. The property offers parking for five or more vehicles (stacked), providing added convenience for both residential and commercial occupants. With C2 zoning, the asset offers exceptional development flexibility, allowing for multi-family, mixed-use, or a wide range of commercial applications (buyer to verify). Ideally located near established businesses, dining, shopping, and public transportation, this property is well positioned for long-term growth and income stability. Listed income details, including Cap Rate and GRM, are based on projected figures. ***SELLER FINANCING AVAILABLE***
Listed by
Listing Agent - David Lukan
Listing Office - Compass
Source: The MLS mls logo
MLS#26654413 • last updated 1 month ago
Movoto checked The MLS for data 1 minute ago
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Overview
Levels/Style Two
MLS # 26654413
Type Residential Income
Status Active
SqFt 5048
Lot Size (SqFt) 8005
Lot Size (Acres) 0.1838
Year Built 1926
Interior
Total # of Baths 7
Total # of Bedrooms 6
Exterior
# Parking Spaces 5
Parking Desc Driveway, Gated, Uncovered
Add'l Structures None
Amenities / Utilities
Equipment Built-Ins, Ceiling Fan, Dishwasher, Dryer, Microwave, Garbage Disposal, Range/Oven, Refrigerator, Washer
Location
County Los Angeles
Zoning LAC2
APN 2119-021-039
Multifamily Details
Unit 5: # Baths 1
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 5: Furnished No
Unit 3: Projected Rent 1550
Unit 1: Projected Rent 4000
Unit 4: # Beds 1
Unit 1: Rent 2000
Unit 2: Rent 2550
Unit 3: Rent 1550
Unit 4: Rent 1500
Unit 5: Rent 1750
Unit 2: Furnished No
Unit 2: Projected Rent 3000
Unit 5: Projected Rent 1750
Unit 4: Projected Rent 1500
Unit 3: # Beds 1
Unit 2: # Beds 3
Unit 2: # Baths 3
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 5: # Beds 1
Unit 4: Actual Rent 1500
Unit 2: Actual Rent 2550
Unit 3: Actual Rent 1550
Unit Type 2106, 2107, 2108, 2109, 2110
Unit 5: Actual Rent 1750
Unit 1: Actual Rent 2000
Total # Of Buildings 2
Annual Gross Income 117600
Net Operating Income 88015
Annual Rent 117600
Cap Rate 7
Vacancy Amount (%) 3
Gross Income 117600
Gross Operating Income 117600
Gross Rent Multiplier 10.62
Total Annual Expenses 28585
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  • Real Estate
  • CA
  • Los Angeles County
  • Reseda
  • 91335
  • 7304 Canby Ave

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