7543 CANBY Avenue

We are proud to present this 8-unit apartment building located at 7543 Canby Avenue in Reseda, California. This 5,501 square foot building sits on an 8,425 square foot lot (0.19 acres), and it boasts an excellent unit mix of six 1 Bed / 1 Bath units and two 2 Bed / 1 Bath units. The offering presents a true value add… opportunity for an investor with over 60% upside in rents, and with no tuck-under parking, the property does not need any seismic retrofitting. 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.Additionally, the buyer would be wise to look into the feasibility of adding ADUs to this property since each added unit would be worth significantly more than it would cost to build in this location.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. Read More