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Listed By: Ed Koenig IRE, Edgar Koenig, 00831815
Listing Sold By: Beverly and Company, Inc.
Local Realty Services Provided By: Keller Williams Encino Sherman Oaks
US / CA / Los Angeles / Lake Balboa Haskell / 7537 Haskell Avenue
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US / CA / Los Angeles / Lake Balboa Haskell / 7537 Haskell Avenue
7537 Haskell Avenue, Van Nuys, CA 91406
sq ft
ac
US / CA / Los Angeles / Lake Balboa Haskell / 7537 Haskell Avenue

7537 Haskell Avenue, Van Nuys, CA 91406

Estimation provided by Keller Williams Realty, LLC.
sq ft
ac
Closed
Sold
Open House:
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Property Description

7537-7541 Haskell Avenue - must be sold together. Opportunity Zone!!! Builders/Developers here is an opportunity to purchase two side by side properties totaling over 20,000 sqft of land and 120 ft of frontage on Haskell Avenue. Currently zoned R3-R1 you can build up to 23 units By-Right and 32 utilizing LA City’s Density Bonus and ADU incentives programs (Buyer is advised to confirm and perform their own due diligence within the LADBS). The combined property currently consists of 6 units (a four-unit building and a duplex) to total a yearly gross income of $87,000.

Alternative Option: Buy, tear down duplex, build 12 units by right, add 4 units to existing neighboring building, reduce build cost and create additional income. Last Option: buy and inventory the project for a future build. With plenty of upside in future rents you can operate the building during the development process.



The Location: The site is in the Northern area of Van Nuys. Positioned among several multi-family properties, newly constructed buildings, industrial businesses, freeway adjacent and minutes to Van Nuys Airport and Flyaway is an makes it easy to lease. All the indicators show that the demand for housing is continuing to increase and with that said… it suggests for a strong rental market for the future.

Disclaimer: Property to be sold AS-IS with current tenants in place. Drive-by only and please do not disturb tenants.

Property Details

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Overview
Property Type
Apartment
Property Size
sq ft
Year Built
1951
Days on Site
1,286 Days
HVAC
See Remarks
Parking
Yes
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Car-Dependent Walkable Very Walkable
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