Auto Shop with Body Repair
For Sale
Contact for pricing
7345 Canby Ave, Reseda, CA 91335
Existing automotive service operation is leased on a month-to-month basis.
Property Size12,779 SF
Price / SF$508.65
Days on Market626
Property Features for 7345 Canby Ave
General Information
Standard status
Active
Size
12,779 SF
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
CREI - Corporate
(310) 880-7900
Listed By:
Karl Niehaus · License #01450751
(310) 880-7900
Source:
Moodyscre
Added: Dec 12, 2024
Changed: Aug 30
Last Checked: Aug 30 at 12:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CREI - Corporate
Investment Insights
Based on property information with market context.
The property contains a 12,779-square-foot automotive shop currently operating as an autobody facility. The existing occupancy is structured on a month-to-month lease, providing a defined lease arrangement for the current use.
Located at 7345 Canby Ave in Reseda, California, the property is positioned within an established commercial setting. The address is 7345 Canby Ave, Reseda, CA 91335.
Located at 7345 Canby Ave in Reseda, California, the property is positioned within an established commercial setting. The address is 7345 Canby Ave, Reseda, CA 91335.
Key Highlights
- 12,779‑square‑foot automotive shop
- Currently operates as an autobody facility
- Month‑to‑month lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$296,565
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,931,300
$5.9M
Cap Rate 7%
$4,236,643
$4.2M
Cap Rate 9%
$3,295,167
$3.3M
Market Conditions
NOI Build-Up for 12,779 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$472.3K $36.96/SF
− Vacancy
−$48.6K −$3.81/SF
EGI
$423.7K $33.15/SF
− OpEx
−$127.1K −$9.95/SF
NOI
$296.6K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,931,300
Cap Rate 7%
$4,236,643
Cap Rate 9%
$3,295,167
Alternative Uses
Best Use
Retail
$4.24M
$3.71M – $4.94M
NOI $296,565 @ 7.0% cap · market cap 4.56%
Second Best
Industrial
$2.27M
$1.98M – $2.65M
NOI $158,748 @ 7.0% cap · market cap 2.44%
Theoretical Best
Multifamily LT 5
$258.89M
$226.53M – $302.04M
NOI $18,122,641 @ 7.0% cap · market cap 278.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,184
Businesses Nearby
88k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Apparel 21%
Dining 14%
Electronics 5%
LUV Car Wash
Shops & Services
18,741 visits/mo
0.1 miles
Wells Fargo
Shops & Services
15,529 visits/mo
0.3 miles
WSS
Apparel
11,073 visits/mo
0.3 miles
A&W Restaurant
Dining
10,614 visits/mo
0.3 miles
Goodwill
Apparel
6,965 visits/mo
0.3 miles
Demographics for 91335, CA
76,650
Population
25,615
Households
3
Avg Household Size
39
Median Age
30%
College-Educated
78%
High-School Grad
6.6 sq mi
ZIP Area
11,614
Density / Sq Mi
$77,164
Median Household Income
$37,470
Median Earnings
$1,811
Median Rent
$700,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- MC Emergency Wheel-lift Towing — 19026 Bassett St, Reseda, CA 91335
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- The Pony Stop — 6933 reseda blvd, porter ranch, ca 91326
- Collision Course Auto Body Inc. — Kentucky Fried Chicken, Across the street from, 6933 Reseda Blvd, Reseda, CA 91335
- B&E Car Service — 6933 Reseda Blvd # H, Reseda, CA 91335
Frequently Asked Questions
What type of property is this?
Auto shop - Existing automotive service operation is leased on a month-to-month basis.
Where is this auto shop located?
The property is located at 7345 Canby Ave Reseda, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 12,779‑square‑foot automotive shop; Currently operates as an autobody facility; Month‑to‑month lease structure
