7260 Canby Ave - Apartments FOR SALE


Reseda, CA 91335
$1,425,000 USD
310-836-3638
7260 Canby Ave, Reseda, CA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/11
null | 4.75% Cap Rate

7260 Canby Ave
Reseda, CA 91335


HIGHLIGHTS

  • Plans for two ADUs are ready to issue, maximizing rental income
  • Newer roof, copper plumbing, modern flooring, and updated windows
  • In-Place 4.75% cap rate, projected 7.08% cap rate post-ADU additions
  • Strong Post ADU Cash Flow: 7.60% Pre-Tax cash flow post ADU
  • Convenience at Your Doorstep: Close to shopping, dining, and CSUN
  • Excellent Transit Access: Steps from Metro Local 240 & DASH Northridge (0.1 miles) | Prime Location: Walk Score of 86 – a highly walkable neighborhood

OVERVIEW

Value-Add 6-Unit Multifamily with ADU Potential in Prime Reseda, CA An excellent investment opportunity with immediate income and strong upside potential! This 6-unit apartment building in the heart of Reseda offers a 4.75% cap rate with plans ready to issue for two ADUs, boosting the projected cap rate to 7.08%. Property Highlights: ? Upgraded features – Newer roof, copper plumbing, modern flooring, and updated windows ? ADU potential – RTI plans for 2 additional units, maximizing future rental income ? Exceptional value – Just $228,125 per unit and $272 per square foot post-ADU ? Strong post-ADU cash flow – 7.60% pre-tax return after additions ? Prime location – Walk Score of 86, near shopping, dining, CSUN & transit (Metro Local 240 & DASH Northridge) Contact us today for details.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

6

PRICE/UNIT

$237,500

CAP RATE

4.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,000 SF

ZONING

LAR2

APN/PARCEL ID

2119-021-017

ASK ABOUT THIS PROPERTY

Kelly MorganKelly Morgan Commercial GroupMore Info
310-836-3638

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Kelly MorganKelly Morgan Commercial GroupMore Info
310-836-3638

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