7460 Canby Avenue

Reseda, CA 91335

$1,950,000
Price
10
Beds
9
Baths
7,021 Sq. Ft.
$278 / Sq. Ft.
7,021
Sq. Ft.
$278
per Sq. Ft.

Description

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, 2 two bedroom one bath and 6 one bedroom one bath and 1 Studio. There are nine...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, 2 two bedroom one bath and 6 one bedroom one bath and 1 Studio. 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.
  1. Listed by Chase Simonton • DRE #01766871 • Brokerage DRE #00590104 • RE/MAX One

Property Details for 7460 Canby Avenue

Zoning
LAR3
Parcel Number
2119016027
Total Units
9.0
Living Area
7021
Source Living Area
Title Company
Area
Reseda Ranch (RESR)
Vacancy Rate
1
Lot Size Area
8510
LISTING UPDATED: 12/16/2024 12:01 AM

Property Details for 7460 Canby Avenue

StatusActive
MLS #24-470475
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.20 AC / 8,510 SF
CountyLos Angeles County

Building Information for 7460 Canby Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.20 AC / 8,510 SF

Property Information for 7460 Canby Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1+1
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $163,992
  • Net Operating Income: $100,497.00
  • Gross Income: $163,992
  • Gross Rent Multiplier: $11.89
  • Actual Gross Annual Income: $163,992
  • Total Annual Expense: 58575
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1954
  • Lot Size Square Feet: 8510
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 9
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,635.00
  • Unit Actual Rent: $1,635.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,101.00
  • Unit Actual Rent: $1,101.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,653.00
  • Unit Actual Rent: $1,653.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,719.00
  • Unit Actual Rent: $1,719.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,513.00
  • Unit Actual Rent: $1,513.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,720.00
  • Unit Actual Rent: $1,720.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,275.00
  • Unit Actual Rent: $1,275.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $860,137.00
  • Assessed Improvement Percent: 70.01
  • Assessed Land Value: $368,434.00
  • Assessed Land Percent: 29.99
  • Assessed Total Value: $1,228,571.00

Property History for 7460 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 7460 Canby Avenue

Taxable ValueLand$375,802Additions$877,339Total$1,253,141
Tax Record2024$16,368 ($1,364 / month)
Home Facts
Total Finished SqFt7,021 SqFtAbove Grade Finished SqFt7,021 SqFtLot Size8,508 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN2119-016-027

Schools near 7460 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.

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7460 Canby Avenue is a multi-family home for sale in Reseda, CA 91335. This property was listed for sale on December 8, 2024 by RE/MAX One, it's currently listed at $1,950,000. It has been on the market for a total of 22 days and was last sold on September 30, 2004. 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. 7460 Canby Avenue is a 10-bed, 9-bath, 7,021 sqft multi-family home built in 1963.

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 RE/MAX One, Chase Simonton, DRE #01766871

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.