7304 Canby Avenue
Reseda, CA, 91335 $ 1,399,000
Bedrooms5 Baths1.0 Sq 5,048 Monthly Estimate*
$ 8,614
for $1,399,000 with 5 bedrooms and 1 full bath. This 5,048 square foot home was built in 1926 on a lot size of 0.1838.
***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 bathwell suited for a variety of professional or creative uses. Above it sits a bright and spacious 1,550 sq. ft. residential owner's 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.Three units are currently occupied, with tenants on month-to-month commercial leases and a strong payment history. The property offers parking for six 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***
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FeaturesGeneralLiving Area 5048
Heating Combination Central
Appliances Dishwasher Disposal Microwave Refrigerator Dryer Washer
Zoning LAC2
Year Built 1926
Stories Count 2
Levels Two
Gross Income 132600
County Los Angeles
Net Operating Income 104618.38
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions google.com
City Reseda
Senior Community Y/N false
Number Of Units Total 5
MLS Area RES - Reseda
Lot Size Units Square Feet
Lot Size Square Feet 8005
Standard Status Active
Year Built Source Assessor
Cap Rate 7.47
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InteriorInterior Amenities Ceiling Fan(s)
Total Stories 2
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 5
Total Baths 7
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ExteriorParking Features Driveway Gated Uncovered
Total Parking 5
Lot Size Area 8005
Number of Buildings 2
Building Area Total 5048
Lot Size Acres 0.1838
Lot Size Source Assessor
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,614
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Reseda, CA
Average List Price $2,624,433
Percent of Sale Price 88%
About Reseda, CA 74,436 Population
10% Since 2002
$ 52,598 Median Income
37.59 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/20/2026 | $1,399,000 | | Listed Price |