7356 Corbin Ave - Apartments FOR SALE


Reseda, CA 91335
$3,700,000 USD
424-422-0904
7356 Corbin Ave, Reseda, CA for Sale
$3,700,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

7356 Corbin Ave
Reseda, CA 91335


OVERVIEW

Northmarq, as the exclusive listing agent, is pleased to present the opportunity to acquire 7356 Corbin Avenue, a 19-unit value-add opportunity located on the border of Winnetka and Reseda. The property is situated on a ±16,696 square foot parcel on the southeast corner of Corbin Avenue and Valerio Street. It features a two-story, garden-style building totaling approximately 13,696 gross square feet with 13 individual garages (5) Tandem & (8) Single Garages) and (2) tuck under parking spaces. 7356 Corbin Avenue offers a unique unit mix consisting of (2) studio units and (17) one-bedroom, one-bathroom units. Community amenities include a central interior courtyard with a swimming pool & jacuzzi, lush greenery, secured access, an on-site laundry facility, and community barbeque area. In-place rents currently reflect a 22% loss-to-lease, presenting investors with the opportunity to significantly increase revenue through modest interior renovations and achieving market rents. Beyond its physical attributes, the property benefits from its location in one of the most desirable pockets of the San Fernando Valley, ideally situated just north of Warner Center. Residents enjoy immediate access to Los Angeles’ major thoroughfares, including the 101 and 405 Freeways and Highway 118, providing seamless connectivity throughout the San Fernando Valley and the greater Los Angeles region. The property is located near key demand drivers such as Pierce College, Warner Center, the Westfield Topanga & The Village shopping district, Kaiser Permanente Woodland Hills, and West Hills Hospital & Medical Center. Additionally, the property is within a 10-minute walk of the Victory/Winnetka Orange Line Busway Station, offering residents convenient public transportation across the San Fernando Valley from North Hollywood to Chatsworth.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$270 USD /SF

# OF UNITS

19

PRICE/UNIT

$194,737

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corbin Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,597 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2116-003-029

ASK ABOUT THIS PROPERTY

Steven GoldsteinNorthmarqMore Info
424-422-0904

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Steven GoldsteinNorthmarqMore Info
424-422-0904

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