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About This Home
This 5-bedroom, 7-bathroom residential multi family at 7304 Canby Ave in Reseda, CA is listed for $1,250,000 ($248 per sqft). Built in 1926, the home offers 5,048 sqft of living space on a 0.18 acres lot.
***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 zoni
ng, 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***
Key Features
- Built in 1926
- 0.18 acre lot
- 2 stories
- 5 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$6,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7304 Canby Ave
Reseda, CA 91335
Property Details
Parking
Heating
Questions & Answers
This 5-bedroom, 7-bathroom residential multi family at 7304 Canby Ave is listed at $1,250,000 ($248/sqft). The estimated monthly payment is $5,417 based on 20% down at 6.5% interest.
Key features include: Built in 1926, 0.18 acre lot, 2 stories, 5 parking spaces.
This property is listed by David Lukan and can be reached at 2137006515 or info@DavidLukan.com.




