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8004 Shirley Ave 4 Unit Apartment Building $3,461,563 CAD ($865,391 CAD/Unit) 4.89% 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. 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 |
$236,413
|
$55.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,728
|
$1.11
|
| Effective Gross Income |
$231,685
|
$54.44
|
| Taxes |
$41,102
|
$9.66
|
| Operating Expenses |
$21,184
|
$4.98
|
| Total Expenses |
$62,286
|
$14.63
|
| Net Operating Income |
$169,399
|
$39.80
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $236,413 |
| Annual Per SF | $55.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,728 |
| Annual Per SF | $1.11 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $231,685 |
| Annual Per SF | $54.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $41,102 |
| Annual Per SF | $9.66 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $21,184 |
| Annual Per SF | $4.98 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $62,286 |
| Annual Per SF | $14.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $169,399 |
| Annual Per SF | $39.80 |
Property Facts
| Price | $3,461,563 CAD | Property Subtype | Apartment |
| Price Per Unit | $865,391 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.89% | Building Size | 4,256 SF |
| Gross Rent Multiplier | 14.89 | No. Stories | 1 |
| No. Units | 4 | Year Built | 2026 |
| Property Type | Multifamily | ||
| Zoning | RS-1 - R-3 Occupancy. | ||
| Price | $3,461,563 CAD |
| Price Per Unit | $865,391 CAD |
| Sale Type | Investment |
| Cap Rate | 4.89% |
| Gross Rent Multiplier | 14.89 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,256 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Zoning | RS-1 - R-3 Occupancy. |
Amenities
Site Amenities
- Fenced Lot
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 4 | $5,550 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 | $1,110,013 CAD (2025) |
| Land Assessment | $714,508 CAD (2025) | Annual Taxes | $41,102 CAD ($9.66 CAD/SF) |
| Improvements Assessment | $395,505 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2105-015-022
Land Assessment
$714,508 CAD (2025)
Improvements Assessment
$395,505 CAD (2025)
Total Assessment
$1,110,013 CAD (2025)
Annual Taxes
$41,102 CAD ($9.66 CAD/SF)
Tax Year
2026
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8004 Shirley Ave
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