Reseda, CA 91335 7304 Canby Avenue

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Presented By: David Lukan with Compass;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25484621
  • 01/16/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 5
  • Baths • 8
  • SQFT • 5,048

Home Details

7302-7304 Canby is a versatile multi-use property designed to accommodate various needs. Situated on a spacious lot, it comprises five mixed-use units. The two larger units, each measuring 1,550 square feet, are located at the rear of the property. One is currently utilized as a commercial space, featuring a large open workspace, two offices, a kitchen, and two bathrooms, making it suitable for a wide range of business uses. The remaining units are residential, consisting of three 1-bedroom, 1-bath units, and one expansive 2-bedroom, 3-bath unit. The largest unit, ideal for owner occupancy, is above the commercial space and spans 1,550 square feet. This bright and airy unit offers an open floor plan, multiple skylights, and windows that flood the space with natural light. The modern kitchen is equipped with stainless steel appliances, granite countertops, and a washer and dryer. Additional features include laminate wood flooring, central HVAC, and ample closet space. The three 1-bedroom units range in size from 650 to 750 square feet. Each includes a well-equipped kitchen, generous closet space, and a washer and dryer. All units are currently occupied, with most tenants on a month-to-month basis. The commercial tenant operates under a NNN lease. All tenants have a proven track record and are current with their rents. The property offers parking for six or more cars (stacked), enhancing its convenience for both residential and commercial tenants. Zoned C2, this property offers extensive development opportunities, from multi-family and mixed-use developments to various commercial applications. Ideally located in a commercial corridor of Reseda, this property is central to numerous businesses, dining options, shopping, and public transportation. Don't miss out on this exceptional investment opportunity, perfectly positioned for growth and flexibility. ***SELLER FINANCING AVAILABLE***
Presented By: David Lukan with Compass;

Interior Features for 7304 Canby Avenue

Bedrooms

Total Bedrooms5

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths8

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeilingFans
Total Stories2

General for 7304 Canby Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate8.15
Carport Y/NNo
CityReseda
CountyLos Angeles
Directionsgoogle.com
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income121200.0
HOANo
HeatingCombination, Central
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet8005.0
Lot Size UnitsSquareFeet
MLS AreaRES - Reseda
MobileHomeRemainsYNNo
Net Operating Income114179.0
New ConstructionNo
Number Of Units Total5
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Waterfront Y/NNo
Year Built1926
Year Built SourceAssessor
ZoningLAC2

Exterior for 7304 Canby Avenue

Building Area Total5048.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1838
Lot Size Area8005.0
Lot Size SourceAssessor
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDriveway, Gated, Uncovered
Private PoolNo
SpaNo
Total Parking5.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,399,000
MLS#25484621
List Date 01/16/2025
Property Type Multi-Family
Phone 714.742.6515
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