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8004 Shirley Ave 4 Unit Apartment Building Offered at $3,545,979 CAD at a 5.12% Cap Rate Reseda, CA 91335
Investment Highlights
- Non Rent Control
- New Owner can set their own Capitalization Rate by setting the rent and terms
- Corner Lot
- New owner has the opportunity to occupy one or more units and lease out the remainder
- Strong Residential Area with Single Family Homes
Executive Summary
This is truly a rare opportunity to acquire a brand-new NON-RENT CONTROL 4-unit development, with Certificate Of Occupancy issued in 2026. This corner property is surrounded by well-maintained single-family homes, and is located in the heart of the San Fernando Valley on an attractive tree lined street. Contemporary modern designed units with recessed lights and clean lines, featuring 3 bedrooms, 2 ½ bathrooms, modern kitchens with refrigerator and independent in-unit washer and dryer. The units are offered vacant at close of escrow, thereby enabling the new owner to either occupy a single or combination of units, while deriving income from the remaining units to offset their overhead. Alternatively, the owner will have the opportunity to set their own capitalization rate by establishing their own rent and lease terms. Other building features include solar panels, all electric appliances and units which are individually metered. This is a turnkey investment in a very desirable residential community, with new construction and units that have never been occupied before. Hurry Opportunity Knocks!
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$266,991
|
$62.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$266,991
|
$62.73
|
| Taxes |
$42,104
|
$9.89
|
| Operating Expenses |
$34,178
|
$8.03
|
| Total Expenses |
$76,282
|
$17.92
|
| Net Operating Income |
$190,710
|
$44.81
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $266,991 |
| Annual Per SF | $62.73 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $266,991 |
| Annual Per SF | $62.73 |
| Taxes (CAD) | |
|---|---|
| Annual | $42,104 |
| Annual Per SF | $9.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $34,178 |
| Annual Per SF | $8.03 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $76,282 |
| Annual Per SF | $17.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $190,710 |
| Annual Per SF | $44.81 |
Property Facts
Amenities
Site Amenities
- Fenced Lot
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | $5,562 CAD | 1,064 |
| 3+2.5 | 1 | $5,562 CAD | 1,064 |
| 3+2.5 | 1 | $5,562 CAD | 1,064 |
| 3+2.5 | 1 | $5,562 CAD | 1,064 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2105-015-022 | Total Assessment | $1,114,365 CAD (2025) |
| Land Assessment | $717,310 CAD (2025) | Annual Taxes | $42,104 CAD ($9.89 CAD/SF) |
| Improvements Assessment | $397,056 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2105-015-022
Land Assessment
$717,310 CAD (2025)
Improvements Assessment
$397,056 CAD (2025)
Total Assessment
$1,114,365 CAD (2025)
Annual Taxes
$42,104 CAD ($9.89 CAD/SF)
Tax Year
2026
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8004 Shirley Ave
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