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7304 Canby AvenueReseda, CA 91335

For Sale

$1,250,000

Smart Buyer Rebate $12,500

***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***

Listed by David Lukan

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License #01873011

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Compass

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213-700-6515

Listed by Chao Zhu

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License #02180091

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Compass

Last updated March 09, 2026

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Source: CRMLS #26654413

Listing Facts

  • TypeMulti-family
  • NeighborhoodReseda
  • Bedrooms5
  • Days on Prevu25
  • Size5,048 sqft
  • Price per sqft$248

Amenities

  • Dishwasher
  • Washer/Dryer
  • Parking

Location

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Listing History

03/09/2026
Price Decreased
$1,250,000
02/19/2026
Listed by Compass
$1,399,000

Property Details for 7304 Canby Avenue

Exterior

Construction

  • Number Of Units Total: 5
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1926

Measurements

  • Building Area Total: 5,048
  • Lot Size Acres: 0.18
  • Lot Size Area: 8,005
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8,005
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.8
  • Gross Income: $141,600.00

Taxes

  • Parcel Number: 2119021039

Interior

Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
  • Interior Features: Ceiling Fan(s)

Measurements

  • Living Area: 5,048

Rooms

  • Bathrooms Total Integer: 7
  • Bedrooms Total: 5

Parking

Parking

  • Parking Features: Driveway, Gated, Uncovered
  • Parking Total: 5

Utilities

Equipment

  • Heating: Combination, Central
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 5 bedrooms in this multi-family home at 7304 Canby Avenue.

Does this multi-family home have parking?

Yes, there are 5 parking spaces available for 7304 Canby Avenue.

How does 7304 Canby Avenue compare to other multi-family homes in Reseda?

This multi-family home is listed 33% below the average price for multi-family homes in Reseda and has been on the market for 17 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 5,048 sqft.

7304 Canby Avenue is a 5-bedroom multi-family home for sale in Reseda CA 91335. On Prevu for 25 days at $1,250,000. This includes a recent price decrease of $149,000. This residence features 5,048 square feet of living space, located in Reseda. The median listing price for multi-family homes in this area is $890,000. Property amenities include dishwasher, parking, and washer/dryer. Explore more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.