7304 Canby Ave - Freestanding FOR SALE


Reseda, CA 91335
$1,399,000 USD
213-700-6515
7304 Canby Ave, Reseda, CA for Sale
$1,399,000 USD
Freestanding - FOR SALE
1/17
null | 9% Cap Rate

7304 Canby Ave
Reseda, CA 91335


OVERVIEW

***SELLER FINANCING AVAILABLE*** 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*** **DRIVE BY ONLY - Shown with Accepted Offer - DO NOT DISTURB TENANTS**

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

C2

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 Policy.