7304 Canby Ave - Apartments FOR SALE


Reseda, CA 91335
$1,250,000 USD
213-700-6515
7304 Canby Ave, Reseda, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/40
null | 7.8% Cap Rate

7304 Canby Ave
Reseda, CA 91335


HIGHLIGHTS

  • Five-unit mixed-use property combining residential and commercial spaces.
  • Zoned C2, allowing for multi-family, office, or retail applications.
  • Large commercial unit with open layout, private offices, and kitchen.
  • Modernized owner’s unit plus three additional residential apartments.
  • On-site gated and uncovered parking for six or more vehicles.
  • Located near major roads, public transit, and established businesses.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

5

PRICE/UNIT

$250,000

CAP RATE

7.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LAC2

APN/PARCEL ID

2119-021-039

ASK ABOUT THIS PROPERTY

David LukanCOMPASS CommercialMore Info
213-700-6515

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David LukanCOMPASS CommercialMore Info
213-700-6515

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.