7342 Haskell Avenue, Van Nuys (los Angeles), CA 91406

• 24,349 sqft

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.

Listing Status:

Active

Date Added:

June 5, 2025 at 05:00AM

Listing Office:

Houze Real Estate Management : 323-852-1372

Listing Agent:

Kelly Morgan : 310-836-3638

MLS ID:

CL25548685

Interior

• Heating: Other

Exterior

• Parking: Other

Location

• County: Los Angeles

Lot

• Zoning: LAR32206029022

This listing courtesy of Kelly Morgan, Houze Real Estate Management