NOT LISTED FOR SALE

7308 Canby Ave Reseda, CA 91335

8 Beds
6 Baths
7,929 Sq Ft
8,015 Sq Ft Lot

Sale Details

Date Sold: February 5, 2016

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

18 Days on Market

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

8,001 Sq Ft Lot

Listing Details

  • CapRate: 4.07
  • 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
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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 List to Sale Price per Sq Ft
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

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $27,914 $2,249,207 $1,006,223 $1,242,984
2024 $27,914 $2,205,106 $986,494 $1,218,612
2023 $27,389 $2,161,869 $967,151 $1,194,718
2022 $26,147 $2,119,481 $948,188 $1,171,293
2021 $25,805 $2,077,924 $929,597 $1,148,327
2019 $25,053 $2,024,694 $902,026 $1,122,668
2018 $24,866 $1,985,160 $884,340 $1,100,820
2016 $18,312 $1,448,006 $832,188 $615,818
2015 $18,055 $1,426,256 $819,688 $606,568
2014 $18,156 $1,398,319 $803,632 $594,687
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15245434

California Regional Multiple Listing Service (CRMLS)
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