$1,425,000

7260 Canby Ave Reseda, CA 91335

Estimated payment $9,386/month

Total Views 6,589
10 Beds
6 Baths
5,108 Sq Ft
$279 Price per Sq Ft

About This Home

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***

Last Listed By

Kelly Morgan

KW Advisors License #01898026 Listed on: 03/04/2025

KW Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 8,003 Sq Ft Lot

Interior Spaces

  • 5,108 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Parking

  • 13 Parking Spaces
  • Detached Carport Space

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 2119-021-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5108
  • Lot Acreage: 0.1837
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 278.97

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 13

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Electric

Lot Info

  • Assessed Improvement Percent: 40.83
  • Assessed Improvement Value: 400399
  • Assessed Land Percent: 59.17
  • Assessed Land Value: 580291
  • Total Assessed Value: 980690
  • Assessor Parcel Number: 2119-021-017
  • Lot Size Area: 8003

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.74
  • Number Of Units: 6
  • Total Annual Expense: 50037
  • Type Of Units: apartments
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 For Sale $1,425,000 +23.9% $279 / Sq Ft
07/17/2024 07/17/24 Sold $1,150,000 -8.0% $225 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
04/16/2024 04/16/24 For Sale $1,250,000 +48.0% $245 / Sq Ft
10/30/2015 10/30/15 Sold $844,500 0.0% $165 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
06/26/2015 06/26/15 For Sale $844,500 -- $165 / Sq Ft
Source: The MLS

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See All Homes in Reseda

Source: The MLS

MLS Number: 25506453

The MLS

California Los Angeles County Reseda 91335

7260 Canby Ave, Reseda, CA

This home is located at 7260 Canby Ave, Reseda, CA 91335 and is currently priced at $1,425,000, approximately $278 per square foot. This property was built in 1954. 7260 Canby Ave is a home located in Los Angeles County with nearby schools including Garden Grove Elementary School, Northridge Middle School, and Magnolia Science Academy.

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Nearby Homes
Kelly Morgan
Listing Agent
Kelly Morgan
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KW Advisors
(747) 319-4609