C2 Mixed-Use
For Sale
$1,250,000
7304 Canby Ave, Reseda, CA 91335
Five-unit property combining residential occupancy with a dedicated commercial suite and stacked on-site parking.
Property Size5,048 SF
Days on Market192
Property Features for 7304 Canby Ave
General Information
Standard status
Active
Size
5,048 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
5,048 SF
Year Built
1926
Listing Agency:
Compass
(805) 403-4935
Listed By:
David Lukan · License #01873011
Source:
Frontgaterealestate
Added: Feb 19
Changed: Aug 30
Last Checked: Aug 16 at 8:05AM
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 Compass
Investment Insights
Based on property information with market context.
This C2-zoned mixed-use property contains five occupied units and combines residential accommodations with commercial space. The rear improvements include a 1,550-square-foot commercial unit with an open work area, two private offices, a kitchen, and a bathroom. A separate 1,550-square-foot residential unit provides three bedrooms and three bathrooms, along with an open layout, skylights, stainless steel appliances, granite countertops, in-unit laundry, laminate flooring, central HVAC, and substantial closet space. Three additional residential units each offer one bedroom and one bathroom, functional kitchens, storage, and in-unit laundry.
The property provides stacked parking for five or more vehicles and is located along Canby Avenue in Reseda’s commercial corridor, near businesses, dining, shopping, and public transportation. Built in 1926, the asset is occupied, with tenants reported on month-to-month commercial leases. C2 zoning supports a mixed-use configuration and may accommodate multifamily or commercial applications, subject to buyer verification.
The property provides stacked parking for five or more vehicles and is located along Canby Avenue in Reseda’s commercial corridor, near businesses, dining, shopping, and public transportation. Built in 1926, the asset is occupied, with tenants reported on month-to-month commercial leases. C2 zoning supports a mixed-use configuration and may accommodate multifamily or commercial applications, subject to buyer verification.
Key Highlights
- Five‑unit C2‑zoned mixed‑use property
- Includes two 1,550‑square‑foot rear units
- Three‑bedroom, three‑bath residential unit with skylights and central HVAC
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
$102,222
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
8.18%
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%
$2,044,440
$2.0M
Cap Rate 7%
$1,460,314
$1.5M
Cap Rate 9%
$1,135,800
$1.1M
Market Conditions
NOI Build-Up for 5,048 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
$181.7K $36.00/SF
− Vacancy
−$18.2K −$3.60/SF
EGI
$163.6K $32.40/SF
− OpEx
−$61.3K −$12.15/SF
NOI
$102.2K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,044,440
Cap Rate 7%
$1,460,314
Cap Rate 9%
$1,135,800
Alternative Uses
Best Use
Apartment 5plus
$89.25M
$78.09M – $104.12M
NOI $6,247,173 @ 7.0% cap · market cap 499.77%
Second Best
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,222 @ 7.0% cap · market cap 8.18%
Theoretical Best
Multifamily LT 5
$102.27M
$89.49M – $119.31M
NOI $7,158,861 @ 7.0% cap · market cap 572.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,423
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-unit property combining residential occupancy with a dedicated commercial suite and stacked on-site parking.
Where is this mixed-use property located?
The property is located at 7304 Canby Ave Reseda, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Five‑unit C2‑zoned mixed‑use property; Includes two 1,550‑square‑foot rear units; Three‑bedroom, three‑bath residential unit with skylights and central HVAC
