7342 Haskell Avenue, Van Nuys, CA 91406
Local realty services provided by:ERA Excel Realty
7342 Haskell Avenue,Van Nuys, CA 91406
$7,100,000
- 36 Beds
- 36 Baths
- 24,349 sq. ft.
- Multi-family
- Active
Listed by: kelly morgan
Office: houze real estate management
MLS#:25548685
Source:CRMLS
Price summary
- Price:$7,100,000
- Price per sq. ft.:$291.59
About this home
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.***
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Home facts
- Year built:1986
- Listing ID #:25548685
- Added:162 day(s) ago
- Updated:November 15, 2025 at 03:20 PM
Rooms and interior
- Bedrooms:36
- Total bathrooms:36
- Living area:24,349 sq. ft.
Heating and cooling
- Heating:Central Furnace
Structure and exterior
- Year built:1986
- Building area:24,349 sq. ft.
- Lot area:0.39 Acres
Finances and disclosures
- Price:$7,100,000
- Price per sq. ft.:$291.59
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