$7,100,000

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

  • 24,349 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1986
  • Property Lot Size Icon0.39acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $292/sqft
  • Property List Date Icon Listed 5 months ago

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
  • Heating: Other
  • Parking: Other
  • County: Los Angeles
  • Zoning: LAR32206029022

This listing courtesy of Kelly Morgan, Houze Real Estate Management

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cohasset Elementary School

15810 Saticoy St, Van Nuys, CA, 91406

Grades KG-5

0.30 miles away

R

Robert Fulton College Prep

7477 Kester Ave, Van Nuys, CA, 91405

Grades 6-12

0.96 miles away

R

Robert Fulton College Prep

7477 Kester Ave, Van Nuys, CA, 91405

Grades 6-12

0.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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