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8807 Canby Ave, Northridge, CA 91325
Priced at Only: $1,250,000
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Address: 8807 Canby Ave, Northridge, CA 91325
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  • MLS#: SR26064037 ( Apartment )
  • Street Address: 8807 Canby Ave
  • Viewed: 1
  • Price: $1,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 0
  • Days On Market: 18
  • Additional Information
  • County: LOS ANGELES
  • City: Northridge
  • Zipcode: 91325
  • Provided by: Keller Williams Realty-Studio City
  • Contact: James James
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Located in the highly desirable community of Northridge, 8807 Canby Ave presents a well maintained pride of ownership multifamily asset in one of the San Fernando Valleys most consistent rental markets. The property offers a strong combination of stability and upside, supported by long term ownership, quality upkeep, and a highly attractive location within close proximity to major employment, education, and retail hubs. The building features a desirable unit mix of four 2 Bedroom/1 Bath units and one spacious 3 Bedroom/2 Bath unit, appealing to a broad tenant base including students, families, and professionals. The property was legally converted to five units in 1993 (Certificate of Occupancy issued 01/26/1993), providing added confidence in its configuration and compliance. Each unit is equipped with central A/C, enhancing tenant comfort and overall rental appeal, while being individually metered for gas and electric, helping to reduce owner expenses and improve operational efficiency. Recent capital improvements include a new roof and new water heaters, minimizing near term maintenance costs for a new owner. The property also offers ample on site parking and on site laundry facilities, both highly desirable amenities that contribute to tenant retention. With long term tenants currently in place, the asset provides immediate income stability with potential for future rental upside. Strategically located within walking distance to California State University, Northridge, the property benefits from a steady demand driven by one of the regions largest universities. Residents also enjoy convenient access to the Northridge Fashion Center, as well as nearby grocery stores, dining, and everyday retail amenities. The property offers excellent connectivity with quick access to the California State Route 118, U.S. Route 101, and Interstate 405, allowing for convenient travel throughout the San Fernando Valley and greater Los Angeles. Additional transportation options include the nearby Northridge Metrolink Station, while Van Nuys Airport is just a short drive away. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Features
Building Area Total
  1. 4898.00
Cable Tv Expense
  1. 0.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 2700.00
Fuel Expense
  1. 2700.00
Furniture Replacement Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1500.00
Insurance Expense
  1. 6367.00
Laundry Features
  1. Common Area
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 55500.00
Newtaxesexpense
  1. 15625.00
Otherexpense
  1. 1000.00
Otherexpensedescription
  1. reserves
Parcel Number
  1. 2769027013
Pest Control Expense
  1. 900.00
Pool Expense
  1. 0.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 459253083:CRM
Suppliesexpense
  1. 0.00
Totalexpenses
  1. 39075.00
Trash Expense
  1. 1800.00
Vacancyallowance
  1. 2925
Virtual Tour Url
  1. https://www.hshprodmls2.com/8807canbyave
Water Sewer Expense
  1. 2700.00
Water Source
  1. Public
Workmanscompensationexpense
  1. 0.00
Year Built
  1. 1953
Year Built Source
  1. Public Records
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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