NOT LISTED FOR SALE

7308 Canby Ave Reseda, CA 91335

8 Beds
6 Baths
7,929 Sq Ft
8,001 Sq Ft Lot

Last Sold February 05, 2016

Last sale price $1,900,000 $240 Per Sq Ft

About This Home

As of February 2016

This eight (8) unit apartment building was built in 2005. There is upside in rents, allowing a new owner to add value by increasing the income. Please see attached setup/rent roll for more information.

This property is located to the east of Reseda Blvd and to the north of Sherman Way in the city of Reseda.

Last Agent to Sell the Property

Arthur Bertikyan

Keller Williams Realty-Studio City License #01900552 Listed on: 11/12/2015

Keller Williams Realty-Studio City

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Lot Details

  • 8,001 Sq Ft Lot
  • No Common Walls

Parking

  • 16 Parking Spaces

Home Design

  • 7,929 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 24056
  • Assessor Parcel Number 2119021038

Community Details

Overview

  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $3,400
  • Trash Expense $1,500
  • Water Sewer Expense $6,000
  • New Taxes Expense $24,938
  • Gross Income $10,280
  • Net Operating Income $81,141

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

0

Listing Details

  • CapRate: 4.07
  • Other Phone Description: 818-432-1625
  • Property Attached: No
  • Water Sewer Expenses: 6000.00
  • Property Type: Residential Income
  • Parcel Number: 2119021038
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 239.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8001.00
  • Price Per Lot Square Foot: 237.47
  • Lot Size Acres: 0.1840

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 10280.00
  • Gross Multiplier: 15.79
  • Gross Scheduled Income: 126360.00
  • Insurance Expense: 3400.00
  • Lot Size Area: 8001.0000 Square Feet
  • Net Operating Income: 81141.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 41428.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 24938.00
  • Tax Lot: 5
  • Tax Tract Number: 24056

Range of Values:

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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
02/05/2016 02/05/16 Sold $1,900,000 -4.8% $240 / Sq Ft
11/30/2015 11/30/15 Pending -- -- --
11/12/2015 11/12/15 For Sale $1,995,000 -- $252 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Arthur Bertikyan

    Keller Williams Realty-Studio City

    (818) 945-2525

    8 Total Sales

    Arthur Bertikyan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15245434

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Reseda 91335

7308 Canby Ave, Reseda, CA

This home is located at 7308 Canby Ave, Reseda, CA 91335 since 12 November 2015. This property was built in 2005. 7308 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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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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