7342 Haskell Ave, Home with 36 bedrooms, 36 bathrooms and 44 parking in Van Nuys CA | Image 1

$7,100,000

7342 Haskell Ave, Van Nuys, CA

Name: 7342 Haskell Ave, For Sale in Van Nuys - eXp Commercial Brokerage
Brand: KW Advisors
SKU: 25548685
Price: 7100000 CAD

Real Estate

For Sale

$--,---,---

363644

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 24349 sqft

Garage No

Maintenance Fees

Taxes

Days Active 1

Approx. Age 1986

Avg. Price Per Sqft $291

MLS® Number 25548685

Property Address:

Average square foot calculated using Size range provided by listing agent.

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.***Show Description

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MLS® Number25548685

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1986

Stories3

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral

A/C

Heating Fuel

Extras

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