7460 Canby Ave
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7460 Canby Ave
9 Unit Block of Flats £1,529,599 (£169,955/Unit) 5.15% Net Initial Yield Reseda, CA 91335
Executive Summary
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.
Property Facts
| Price | £1,529,599 | Property Subtype | Apartment |
| Price Per Unit | £169,955 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 5.15% | Lot Size | 0.20 AC |
| Sale Conditions | 1031 Exchange | Building Size | 7,021 SF |
| Gross Rent Multiplier | 11.89 | Number of Floors | 2 |
| No. Units | 9 | Year Built | 1963 |
| Property Type | Residential | Parking Ratio | 1/1,000 SF |
| Price | £1,529,599 |
| Price Per Unit | £169,955 |
| Sale Type | Investment |
| Net Initial Yield | 5.15% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 11.89 |
| No. Units | 9 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,021 SF |
| Number of Floors | 2 |
| Year Built | 1963 |
| Parking Ratio | 1/1,000 SF |
Unit Amenities
- Air Conditioning
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 468 |
| 1+1 | 6 | - | 636 |
| 2+1 | 2 | - | 908 |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 2119-016-027 | Improvements Assessment | £688,193 |
| Land Assessment | £294,783 | Total Assessment | £982,976 |
PROPERTY TAXES
Parcel Number
2119-016-027
Land Assessment
£294,783
Improvements Assessment
£688,193
Total Assessment
£982,976
zoning
| Zoning Code | R3, Los Angeles |
| R3, Los Angeles |
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Chase Simonton -
John Sarna -
RE/MAX One Commercial
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7460 Canby Ave
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