7304 Canby Ave
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7304 Canby Ave
5,048 SF 100% Leased Retail Building Reseda, CA 91335 $1,399,000 ($277/SF) 9% Cap Rate
Executive Summary
***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**
**DRIVE BY ONLY - Shown with Accepted Offer - DO NOT DISTURB TENANTS**
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,048 SF
Building Class
C
Year Built
1926
Price
$1,399,000
Price Per SF
$277
Cap Rate
9%
NOI
$125,910
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.64
Land Acres
0.18 AC
Zoning
C2 - Commercial
Parking
6 Spaces (1.19 Spaces per 1,000 SF Leased)
Frontage
51 FT on Canby Ave
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
Parcel Number | 2119-021-039 | Improvements Assessment | $132,197 |
Land Assessment | $516,780 | Total Assessment | $648,977 |
PROPERTY TAXES
Parcel Number
2119-021-039
Land Assessment
$516,780
Improvements Assessment
$132,197
Total Assessment
$648,977
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7304 Canby Ave
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