7304 Canby Ave
Property Description
***SELLER FINANCING AVAILABLE*** 7302-7304 Canby presents a rare, flexible mixed-use investment opportunity in the heart of Reseda's commercial corridor. Situated on a generous lot and zoned C2, the property consists of five units offering an ideal blend of residential income and commercial functionality, with significant upside potential. At the rear of the property are two expansive 1,550 sq. ft. units. One is currently configured as a commercial space featuring a large open workspace, two private offices, kitchen, and bath well suited for a variety of professional or creative uses. Above it sits a bright and spacious 1,550 sq. ft. 3-bedroom, 3-bath residential unit, offering an open floor plan, multiple skylights, abundant windows, and natural light throughout. The modern kitchen is appointed with stainless steel appliances, granite countertops, and in-unit laundry. Additional highlights include laminate wood flooring, central HVAC, and generous closet space. The remaining residential units include three well-maintained 1-bedroom, 1-bath units ranging from 650750 sq. ft., each featuring functional kitchens, ample storage, and in-unit washer and dryer. All units are currently occupied, with tenants on month-to-month commercial leases and a strong payment history. The property offers parking for five or more vehicles (stacked), providing added convenience for both residential and commercial occupants. With C2 zoning, the asset offers exceptional development flexibility, allowing for multi-family, mixed-use, or a wide range of commercial applications (buyer to verify). Ideally located near established businesses, dining, shopping, and public transportation, this property is well positioned for long-term growth and income stability. Listed income details, including Cap Rate and GRM, are based on projected figures. ***SELLER FINANCING AVAILABLE***Broker Details
Compass (805) 403-4935
MLS ID: C99329 State License Number: 01873011
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,000,000 |
| No. of Units: | 5 |
| Year Built: | 1926 |
| Lot Size: | 5,048.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $200,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 7 |
ID: 3yd-CLAWCA-26654413
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