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7304 Canby Ave 5 Unit Apartment Building $1,250,000 ($250,000/Unit) 7.80% Cap Rate Reseda, CA 91335
Investment Highlights
- Five-unit mixed-use property combining residential and commercial spaces.
- Large commercial unit with open layout, private offices, and kitchen.
- On-site gated and uncovered parking for six or more vehicles.
- Zoned C2, allowing for multi-family, office, or retail applications.
- Modernized owner’s unit plus three additional residential apartments.
- Located near major roads, public transit, and established businesses.
Executive Summary
7304 Canby Avenue offers a rare mixed-use investment opportunity in the heart of Reseda’s commercial corridor. This property features five units on a generous lot zoned C2, providing flexibility for both residential and commercial applications. The current configuration includes a large commercial space of approximately 1,550 SF, ideal for professional offices, creative studios, or retail use, complete with two private offices, a kitchen, and a bath. Above the commercial space is a bright residential owner’s unit featuring modern finishes, stainless steel appliances, granite countertops, and in-unit laundry.
The remaining three units are well-maintained one-bedroom, one-bath apartments, each with functional kitchens, ample storage, and in-unit washer/dryer. Tenants are on month-to-month leases, offering immediate income and future repositioning potential. The property provides parking for six or more vehicles, including gated and uncovered spaces, adding convenience for both residents and commercial occupants.
Located near major thoroughfares, public transportation, and a variety of retail and dining options, this asset is well-positioned for long-term growth and income stability. Seller financing is available, making this an attractive opportunity for investors seeking a versatile property in a high-demand area.
The remaining three units are well-maintained one-bedroom, one-bath apartments, each with functional kitchens, ample storage, and in-unit washer/dryer. Tenants are on month-to-month leases, offering immediate income and future repositioning potential. The property provides parking for six or more vehicles, including gated and uncovered spaces, adding convenience for both residents and commercial occupants.
Located near major thoroughfares, public transportation, and a variety of retail and dining options, this asset is well-positioned for long-term growth and income stability. Seller financing is available, making this an attractive opportunity for investors seeking a versatile property in a high-demand area.
Property Facts
| Price | $1,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 7.80% | Building Size | 5,048 SF |
| Gross Rent Multiplier | 9.53 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | ||
| Zoning | LAC2 | ||
| Price | $1,250,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| Gross Rent Multiplier | 9.53 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 5,048 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Zoning | LAC2 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Built-In Bookshelves
- Skylights
Site Amenities
- Laundry Facilities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 1,550 |
| 1+1 | 3 | - | 650 - 750 |
| 3+3 | 1 | - | 1,550 |
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Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 2119-021-039 | Improvements Assessment | $134,840 |
| Land Assessment | $527,115 | Total Assessment | $661,955 |
Property Taxes
Parcel Number
2119-021-039
Land Assessment
$527,115
Improvements Assessment
$134,840
Total Assessment
$661,955
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7304 Canby Ave
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