Keegan Cin | Realtor® | License # DRE 01971604

Property

Reseda, CA 91335 7515 Canby Avenue

Pending
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Presented By: Jesse Perez with Pinnacle Estate Properties; 818-974-3393
  • MLS# SR25085829
  • 04/18/2025
  • Request Tour
  • Request Info
  • Beds • 14
  • Baths • 10
  • SQFT • 7,450
  • Year Built • 1960

Home Details

***NEW PRICE*** Introducing Crown Canby! A well-maintained 10-unit apartment complex, perfect for investors seeking a stable asset with upside potential. This property has been well cared for over the years, featuring newer exterior paint and dual-pane windows that enhance both curb appeal and energy efficiency, copper plumbing. Several units have been thoughtfully remodeled, showcasing modern kitchens, updated bathrooms, new flooring, recessed lighting, and newer appliances, offering a comfortable and updated living environment that appeals to quality tenants. The unit mix includes 4 spacious 2-bedroom, 1-bath units and 6 well-appointed 1-bedroom, 1-bath units, making it an ideal blend for a variety of renters. Each unit is individually metered for electricity and gas, providing ease of management and the opportunity to minimize owner expenses. The property sits on a 10,025 sq. ft. lot with alley access and offers a total of 10 parking spaces — 5 surface spaces and 5 covered spaces — a valuable amenity in this market. This is a turnkey investment with solid in-place income, while still offering upside potential through continued unit upgrades and rental increases. Whether you're a seasoned investor looking to add to your portfolio or seeking a strong start in multifamily investing, this apartment complex is a great opportunity. Located in Reseda, CA, a city with one of the lowest vacancy rates in all of Los Angeles County, the property benefits the owner with a strong rental market that has experienced steady growth in recent years. Some of the current rents are well bellow market values, leaving owner with favorable upside in returns.
Presented By: Jesse Perez with Pinnacle Estate Properties; 818-974-3393

Interior Features for 7515 Canby Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level

General for 7515 Canby Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces5.0
Carport Y/NYes
CityReseda
Community FeaturesStreetLights, Sidewalks, Valley
CoolingWallWindowUnits
CountyLos Angeles
DirectionsEast of Reseda Blvd and South of Saticoy St.
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income187000.0
HOANo
Home Warranty Y/NNo
Insurance Expense12460.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToNewLoan
Lot Size Square Feet10025.0
Lot Size UnitsSquareFeet
MLS AreaRES - Reseda
MobileHomeRemainsYNNo
Net Operating Income148753.0
New ConstructionNo
Number Of Units Total10
Number of Units Leased10
Open Parking Spaces5.0
Operating Expense38719.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Lot12
Trash Expense4885.0
Water Sewer Expense18063.0
Year Built1960
Year Built SourceAssessor

Exterior for 7515 Canby Avenue

Building Area Total7450.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.2301
Lot Size Area10025.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking10.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $1,850,000
MLS#SR25085829
List Date 04/18/2025
Property Type Pending
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