7543 Canby Ave

Reseda

 

$1,300,000

 
 
 
 

8

UNITS

$162,500

PRICE/UNIT

$236

PRICE/SQ FT

4.22%

CAP

13.96

GIM

8.29%

PRO FORMA CAP

8.67

PRO FORMA GIM
 

LAAA is proud to present this 8-unit apartment building located at 7543 Canby Avenue in Reseda, California. The building consists of six one-bedroom/one-bathroom units and  two two-bedroom/one-bathroom units. The offering presents a true value add opportunity for an investor with over 60% upside in rents and with no tuck-under parking, seismic retrofit is not required. This investment offering provides a savvy investor the opportunity to capitalize on the existing low rents, and own an investment property in a strong and centrally located rental pocket of Reseda. The potential yield this property has to offer is one of a kind.    

Reseda is a neighborhood in the San Fernando Valley, flanked on the north by Northridge, on the east by Lake Balboa, on the south by Tarzana and Encino, and on the west by Winnetka. The subject property is situated on the corner of Saticoy Street and Canby Avenue on the southeast corner of Reseda Boulevard. 

 
 
Edward-Chao.png

Arash Memary

Associate

O: (818) 212-2808

M: (818) 357-9525

Email Now