7260 Canby Ave

Value-Add 6-Unit Multifamily with ADU Potential in Prime Reseda, CA.

An excellent investment opportunity with immediate income and strong upside potential! This 6-unit apartment building in the heart of Reseda offers a 4.75% cap rate with plans ready to issue for two ADUs, boosting the projected cap rate to 7.08%. Property Highlights: Upgraded features Newer roof, copper plumbing, modern flooring, and updated windows. ADU potential RTI plans for 2 additional units, maximizing future rental income. Exceptional value Just $228,125 per unit and $272 per square foot post-ADU. Strong post-ADU cash flow 7.60% pre-tax return after additions. Prime location Walk Score of 86, near shopping, dining, CSUN & transit (Metro Local 240 & DASH Northridge)***Contact us today for details***

This home located at 7260 Canby Ave is currently active and has been available on pardeeproperties.com for 157 days. This property is listed at $1,425,000. It has 10 beds and 6 bathrooms. The property was built in 1954. 7260 Canby Ave is in the Reseda community of Los Angeles County.

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