CA > Van Nuys
Van Nuys, CA 91406,7342 Haskell AVE
Van Nuys, CA 91406,7342 Haskell AVE
Van Nuys, CA 91406,7342 Haskell AVE
Van Nuys, CA 91406,7342 Haskell AVE
Van Nuys, CA 91406,7342 Haskell AVE
Van Nuys, CA 91406,7342 Haskell AVE
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 7,100,000
Est. payment | /mo

36 Beds

36 Baths

24,349 SqFt

Save
$ 7,100,000
Est. payment | /mo
Save

36 Beds

36 Baths

24,349 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 24,349 sqft

Price per Sqft $291

MLS Listing ID 25548685

Bedrooms 36

HOA Y/N No

Year Built 1986

Lot Size 0.386 Acres

Property Description

7342 Haskell Ave, a 21-unit multifamily asset not subject to LA City Rent Control. SELLER WILL CARRY at 4.5% interest-only in year 1, 5.5% interest-only in year 2. Built in 1986, the property is exempt from Los Angeles City rent control, allowing for annual rental increases of 5% plus CPI, currently 8.8% annually. Significant capital improvements totaling approximately $500,000 have been invested into the property, including a new roof, elevator, exterior paint, upgraded hallway flooring, modern lobby tile, security camera installation, and updated interior lighting. Additionally, there is an opportunity to add Five 1-bedroom/1-bath ADUs without losing adequate parking and potentially increasing annual income by $100,000.Proximity to Major Developments: *East San Fernando Valley Light Rail Transit Project: Approximately 1.5 miles east, this 6.7-mile light rail line along Van Nuys Boulevard is under construction, with completion anticipated in 2031. It will enhance connectivity and transit options in the area.*G Line Busway Improvements: Around 2 miles southeast, the Metro G Line is undergoing a $668 million upgrade, including the construction of elevated stations at key intersections like Van Nuys Boulevard and Sepulveda Boulevard, aiming to improve travel times and reliability. *The Brightly at 6569 Van Nuys Blvd: Located approximately 2.5 miles southeast, this six-story development features 174 residential units and 18,400 square feet of ground-floor commercial space, contributing to the area's revitalization. *Affordable Housing at 6100 Hazeltine Ave: About 3 miles southeast, a seven-story building with 72 affordable units is under development, addressing housing needs and promoting community growth. This offering is ideal for investors seeking a well-maintained asset with value-add potential in a neighborhood poised for continued growth and development. ***Contact us today to request the OM or schedule a private tour.***

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LAR3

Interior

Heating Central

Fireplace No

Exterior

Parking Features Controlled Entrance

Total Parking Spaces 44

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2206029022

Special Listing Condition Standard

CRMLS – RECore
Listed by Kelly Morgan KW Advisors
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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7342 Haskell AVE