7460 Canby Ave - Apartments FOR SALE


Reseda, CA 91335
$1,850,000 USD
310-383-5927
7460 Canby Ave, Reseda, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/13
null | 5.5% Cap Rate

7460 Canby Ave
Reseda, CA 91335


OVERVIEW

7460 Canby Ave. is an incredible investment property located in the fense rental market of Reseda. Offering 9 units and asking only $1,950,000, this makes it one of the lowest cost of entries of any apartment building. With substantially below market rents and asking under 12 times the gross income, this gives a new buyer tremendous upside potential and immediate cash flow to start. The building consist of large units, 4 two bedroom one bath and 5 one bedroom one bath. There are nine parking spaces off street for tenants and plenty of street parking. 7460 Canby Ave is perfect for the first time Buyer or for an experienced owner adding to their portfolio. The building is fully occupied, so please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

9

PRICE/UNIT

$205,556

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,503 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2119-016-027

ASK ABOUT THIS PROPERTY

Chase SimontonRE/MAX One CommercialMore Info
310-383-5927

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Chase SimontonRE/MAX One CommercialMore Info
310-383-5927

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