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    7008 Canby Ave Reseda, CA 91335-4301

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    7008 Canby Ave Reseda, CA 91335-4301


    • Auto shops
    • 1,825 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Dec 6, 2024
    $2,250,000
    Property ID
    US09-8778785
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,250,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Foriegn and Domestic Autobody / Auto Repair Shop
    • L & M Auto Body / Auto Repair Shop

    Property Details for 7008 Canby Ave

    Year built
    1959
    Construction
    TILT-UP CONCRETE
    Lot size
    0.17 lot acres
    Property size
    1,825 SF
    Zone code
    LAM1
    Property type
    Auto shops
    APN
    2125-005-010
    APU
    2125005010

    Description

    This exceptional mixed-use investment property, located at 7008 Canby Ave, Los Angeles, CA 91335, presents a rare opportunity in the competitive Los Angeles market. The property consists of a 6,025 square foot building situated on a substantial 15,092 square foot lot, offering ample space for both indoor and outdoor operations. Currently operating as a thriving auto body shop and repair facility, the property boasts three tenants on month-to-month leases, generating a gross monthly rent of $7,545. The building is classified as Class C and features a large M1 yard and spray booth, ideal for automotive repair businesses. The asking price is $2,990,000, translating to a price per square foot of $496.27. This fee-simple ownership opportunity is categorized as an institutional investment, suitable for both owner-users and investors seeking a strong return. The property's 100% occupancy rate underscores its consistent profitability and desirability. This is a turnkey operation with significant potential for growth and expansion within the established automotive repair sector. The property's location in Los Angeles, within Los Angeles County, provides excellent access to a large customer base. This is a two-property portfolio, including an additional property at 18419 Hart St. (details not provided).


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,250,000
      ML approach
      $2,250,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,776,000
      Market price range: $370k - $1.78M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Reseda
    County
    Los Angeles
    State
    California
    Longitude
    -118.534
    Latitude
    34.1978
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,771
    $670,125
    $187,634
    $857,759
    -
    $0.00
    $0.00
    $0.00
    More about this property
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