7260 Canby Avenue,Reseda, CA 91335
Reseda, CA 91335
Description
Value-Add 6-Unit Multifamily with ADU Potential in Prime Reseda, CA. An excellent investment opportunity with immediate income and strong upside potential! This 6-unit apartment building in the heart of Reseda offers a 4.75% cap rate with plans ready to issue for two ADUs, boosting the projected cap rate to 7.08%. Property Highlights: Upgraded features Newer roof, copper plumbing, modern flooring, and updated windows. ADU potential RTI plans for 2 additional units, maximizing future rental income. Exceptional value Just $228,125 per unit and $272 per square foot post-ADU. Strong post-ADU cash flow 7.60% pre-tax return after additions. Prime location Walk Score of 86, near shopping, dining, CSUN & transit (Metro Local 240 & DASH Northridge)***Contact us today for details***
Details
| MLS# | 25506453 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 56 |
| Listing Provided By | KW Advisors 310-482-2200 | Kelly Morgan |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 5,108 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | LAR2 |
| Acreage | 0.18 |
Market Activity 91335
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Reseda |
| Zip Code | 91335 |
| Area | RES Reseda |
| Listing VS Median (in 91335) | |
Price: $1,425,000 low | high Med: $819,900 SqFt: 5,108 low | high Med: 1,927 $ / SqFt: $279 low | high Med: $425 On site: 56 low | high Med: 26.000000 | |