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 Valley’s 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 region’s 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.