Chase Simonton 3103835927
John Sarna 8184497058

7460 Canby Ave 9 Unit Apartment Building $1,650,000 ($183,333/Unit) 6.15% Cap Rate Reseda, CA 91335

EXECUTIVE SUMMARY

7460 Canby Ave. is an incredible investment property located in the fence rental market of Reseda. Offering 9 units and asking only $1,650,000, this makes it one of the lowest cost of entries of any apartment building. With substantially below market rents and asking 10 times the gross income, this gives a new buyer tremendous upside potential and immediate cash flow to start. The building consist of large units, 4 two bedroom one bath and 5 one bedroom one bath. There are nine parking spaces off street for tenants and plenty of street parking. 7460 Canby Ave is perfect for the first time Buyer or for an experienced owner adding to their portfolio. The building is fully occupied, so please do not disturb the tenants.

7460 Canby Ave - 1.65

PROPERTY FACTS

Price	$1,650,000	Property Subtype	Apartment
Price Per Unit	$183,333	Apartment Style	Low-Rise
Sale Type	Investment	Building Class	C
Cap Rate	6.15%	Lot Size	0.20 AC
Sale Condition	1031 Exchange	Building Size	7,021 SF
Gross Rent Multiplier	10.25	No. Stories	2
No. Units	9	Year Built	1963
Property Type	Multifamily	Parking Ratio	1/1,000 SF
Zoning	R3, Los Angeles

Price	$1,650,000
Price Per Unit	$183,333
Sale Type	Investment
Cap Rate	6.15%
Sale Condition	1031 Exchange
Gross Rent Multiplier	10.25
No. Units	9
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.20 AC
Building Size	7,021 SF
No. Stories	2
Year Built	1963
Parking Ratio	1/1,000 SF
Zoning	R3, Los Angeles