Introducing Crown Canby! A well-maintained 10-unit apartment complex, perfect for investors seeking a stable asset with upside potential. This property has been well cared for over the years, featuring newer exterior paint and dual-pane windows that enhance both curb appeal and energy efficiency, copper plumbing.Several units have been thoughtfully remodeled, showcasing modern kitchens, updated bathrooms, new flooring, recessed lighting, and newer appliances, offering a comfortable and updated living environment that appeals to quality tenants.The unit mix includes 4 spacious 2-bedroom, 1-bath units and 6 well-appointed 1-bedroom, 1-bath units, making it an ideal blend for a variety of renters. Each unit is individually metered for electricity and gas, providing ease of management and the opportunity to minimize owner expenses.The property sits on a 10,025 sq. ft. lot with alley access and offers a total of 10 parking spaces — 5 surface spaces and 5 covered spaces — a valuable amenity in this market.This is a turnkey investment with solid in-place income, while still offering upside potential through continued unit upgrades and rental increases. Whether you're a seasoned investor looking to add to your portfolio or seeking a strong start in multifamily investing, this apartment complex is a great opportunity.Located in Reseda, CA, a city with one of the lowest vacancy rates in all of Los Angeles County, the property benefits the owner with a strong rental market that has experienced steady growth in recent years. Some of the current rents are well bellow market values, leaving owner with favorable upside in returns.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
4/18/2025
|
|
YEAR BUILT
|
1960
|
COMMUNITY
|
Reseda
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
Reseda |
| LOT |
10025 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ben
Salem to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Pinnacle Estate Properties
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/19/25 9:16 AM PDT 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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email