7437 Haskell Ave, Van Nuys, CA 91406
7437 Haskell Ave, Van Nuys, CA 91406
7437 Haskell Ave, Van Nuys, CA 91406
7437 Haskell Ave, Van Nuys, CA 91406
7437 Haskell Ave, Van Nuys, CA 91406
7437 Haskell Ave, Van Nuys, CA 91406
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$ 2,550,000
Est. payment | /mo

10 Beds

10 Baths

8,830 SqFt


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$ 2,550,000
Est. payment | /mo
Save

10 Beds

10 Baths

8,830 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,830 sqft

Price per Sqft $288

MLS Listing ID 26845473

Bedrooms 10

Year Built 1987

Lot Size 6,764 Sqft

Acres 0.1553

Property Sub-Type Multi-Family

Property Description

Due to its construction in 1987, the property is not subject to Los Angeles rent control and instead allows for higher annual rent increases via AB 1482. Given its attractive 6.46% CAP Rate, the asset offers an investor both strong immediate cash flow as well as the opportunity to increase future income more rapidly without the restrictions of Los Angeles rent control. With spacious one-bedroom floorplans averaging approximately 875 square feet each, the property can more easily attract higher-paying tenants. Its array of desirable amenities, including central air/heat, private balconies, and on-grade garage parking, allow the building to achieve more premium rents than competing apartments in the local area. Several of the units have already been thoroughly upgraded, saving an owner from future renovation costs while providing a clear blueprint for remodeling the remaining apartments. Interior upgrades in renovated units include wood flooring, stone countertops, stainless steel appliances, recessed lighting, and new ceiling fans. The building does not appear on the Los Angeles Department of Building & Safety's seismic retrofit list, saving an investor from an otherwise costly maintenance expense. Located near the intersection of Sherman Way and Haskell Avenue, the property offers residents incredibly easy access to the 405 Freeway, connecting tenants to various job centers and retail destinations throughout the San Fernando Valley and Greater Los Angeles Metro area.

Location

State CA

County Los Angeles

Area Lake Balboa

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned

Garage Spaces 10.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Marcus & Millichap

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message
Kenny Bellini

+1(310) 749-9092

kenny@kennybellini.com

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7437 Haskell Ave

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