7304 Canby Avenue

Reseda, CA 91335

$1,399,000
Price
5
Beds
8
Baths
5,048 Sq. Ft.
$277 / Sq. Ft.
5,048
Sq. Ft.
$277
per Sq. Ft.

Description

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...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***

Listing Agent

  1. David Lukan

    David Lukan

    Listing Agent

    Compass

    DRE #01873011

    david.lukan@compass.com

    P: (805)-403-4935

Property Details for 7304 Canby Avenue

Zoning
LAC2
Parcel Number
2119021039
Total Units
5.0
Living Area
5048
Source Living Area
Owner
Area
Reseda Ranch (RESR)
Vacancy Rate
0
Lot Size Area
8005
LISTING UPDATED: 02/04/2025 03:31 PM

Property Details for 7304 Canby Avenue

StatusActive
MLS #25-484621
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.18 AC / 8,005 SF
CountyLos Angeles County

Building Information for 7304 Canby Avenue

Stories2Residences-Year Built1926Building Size-Lot Size0.18 AC / 8,005 SF

Property Information for 7304 Canby Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Mixed
Contract Info
Contract Info
  • Disclosures: As Is, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $121,200
  • Net Operating Income: $114,179.00
  • Gross Income: $121,200
  • Cap Rate: 8.15%
  • Gross Rent Multiplier: $11.55
  • Total Annual Expense: 7021
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1838
  • Lot Size Square Feet: 8005
Parking Details
Parking Details
  • Parking Garage: Driveway, Gated, Uncovered
  • Total Parking: 5
  • Parking Features: Driveway, Gated, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Central, Combination
  • Heating Type: Central, Combination
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Dryer, Microwave, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Interior Features: Ceiling Fan(s)
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-16-2025
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $129,605.00
  • Assessed Improvement Percent: 20.37
  • Assessed Land Value: $506,648.00
  • Assessed Land Percent: 79.63
  • Assessed Total Value: $636,253.00

Property History for 7304 Canby Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7304 Canby Avenue

Taxable ValueLand$516,780Additions$132,197Total$648,977
Tax Record2024$8,320 ($693 / month)
Home Facts
Total Finished SqFt1,948 SqFtAbove Grade Finished SqFt1,948 SqFtStories1Lot Size8,002 SqFtStyleSchoolYear Built1926ZoningLAC2CountyLOS ANGELESAPN2119-021-039

Schools near 7304 Canby Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Garden Grove Elementary School
PublicK to 5

Northridge Middle School
Public6 to 8

Reseda Senior High School
Charter9 to 12

John R. Wooden High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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7304 Canby Avenue is a multi-family home for sale in Reseda, CA 91335. This property was listed for sale on January 16, 2025 by Compass, it's currently listed at $1,399,000. It has been on the market for a total of 34 days and was last sold on April 7, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Garden Grove Elementary School, Northridge Middle School and Reseda Senior High School. 7304 Canby Avenue is a 5-bed, 8-bath, 5,048 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, David Lukan, DRE #01873011

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.