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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.
Property Type(s):
Commercial
| Last Updated | 3/10/2025 | Year Built | 1960 |
|---|---|---|---|
| Community | Reseda | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Reseda |
| LOT | 10025 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Pinnacle Estate Properties
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