7543 Canby Avenue

    Reseda, CA 91335
    • $1,300,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: 18359822
    UPDATED: 17 min ago
    $1,300,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,501
      SQFT
    • $236
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Description

    We are proud to present this 8-unit apartment building located at 7543 Canby Avenue in Reseda, California. The building consists of six one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. The offering presents a true value add opportunity for an investor with over 60% upside in rents and with no tuck-under parking, seismic retrofit is not required. This investment offering provides a savvy investor the opportunity to capitalize on the existing low rents, and own an investment property in a strong and centrally located rental pocket of Reseda. The potential yield this property has to offer is one of a kind. Reseda is a neighborhood in the San Fernando Valley, flanked on the north by Northridge, on the east by Lake Balboa, on the south by Tarzana and Encino, and on the west by Winnetka. The subject property is situated on the corner of Saticoy Street and Canby Avenue on the southeast corner of Reseda Boulevard.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T10:26:43.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85106948

    7543 Canby Avenue Reseda, CA 91335

    • Price: $1,300,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: 18359822
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,501
    SQFT
    $236
    $/SQFT
    1960
    Built
    Neighborhood:
    RES - Reseda
    County:
    Los Angeles
    Area:
    RES - Reseda
    Property Description
    We are proud to present this 8-unit apartment building located at 7543 Canby Avenue in Reseda, California. The building consists of six one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. The offering presents a true value add opportunity for an investor with over 60% upside in rents and with no tuck-under parking, seismic retrofit is not required. This investment offering provides a savvy investor the opportunity to capitalize on the existing low rents, and own an investment property in a strong and centrally located rental pocket of Reseda. The potential yield this property has to offer is one of a kind. Reseda is a neighborhood in the San Fernando Valley, flanked on the north by Northridge, on the east by Lake Balboa, on the south by Tarzana and Encino, and on the west by Winnetka. The subject property is situated on the corner of Saticoy Street and Canby Avenue on the southeast corner of Reseda Boulevard.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 4.22 Gross Multiplier 13.96 Gross Operating Income 93144.00 Improvements Amount 276212 Land Value 213840 Laundry YN Yes Net Operating Income 54844.00 Special Listing Conditions Standard Total Expenses 36946.00 Zoning Lar3

    Listing provided courtesy of Filip Niculete of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T10:26:43.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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