7028 Canby AveLos Angeles, CA 91335

Property Details for 7028 Canby Ave

Year built

1963

Construction

CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

6,847 SF

Zone code

LAM1

Property type

Retail properties

Property subtype

Auto shops

APN

2125-005-006

APU

2125005006

Description

This exceptional 6,847 square foot flex space industrial property, located at 7028 Canby Avenue in Los Angeles, California, presents a compelling investment opportunity. Situated on a substantial 7.5-acre lot, the property is zoned LAM1 and offers significant potential for a variety of uses. The building's strategic location in the heart of Reseda boasts high visibility and accessibility, with a WalkScore of 88, indicating a highly walkable neighborhood. The area demonstrates strong consumer spending, with $6,876,813 within a 5-mile radius, and benefits from high traffic volume (34,780 counts) at the nearby intersection of Sherman Way and Reseda Boulevard. Furthermore, the property enjoys convenient proximity to the Orange Line Busway, Warner Center, and Providence Tarzana Medical Center, enhancing its appeal and accessibility. The asking price for this remarkable property is $3,500,000. This presents a rare chance to acquire a well-situated, versatile industrial property in a thriving Los Angeles neighborhood. The property's size, zoning, and location combine to create a strong investment opportunity with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,913,622

  6.5%

  $2,689,497

  7%

  $2,497,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,281,104

  Geo Method

  $3,281,104

• Alternative Use

  Use

  Valuation

  Residential

  $2,268,692

  Hospitality

  $2,078,109

  Educational

  $1,728,963

  Medical

  $1,788,424

  Retail

  $2,689,497

Location Insight

City

Reseda

County

Los Angeles

State

California

Latitude

34.1983

Longitude

-118.534

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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