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7537 Haskell Avenue

Van Nuys, CA 91406
  • $2,624,500
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: SR22008659
UPDATED: 36 min ago
$2,624,500
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Edgar Koenig of Ed Koenig IRE (818-755-8088)


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 Citys 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-23T10:26:32.817. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/124779246
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7537 Haskell Avenue Van Nuys, CA 91406

  • Price: $2,624,500
  • Status: Active
  • On Site: 7 Days
  • Updated: 36 min ago
  • ID#: SR22008659
0
Beds
0
Baths
0
½ Baths
0.48
Acres
Neighborhood:
VN - Van Nuys
County:
Los Angeles
Area:
VN - Van Nuys
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 Citys 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.
Exterior Features

Lot Features 0-1 Unit/Acre Sign On Property YN No View None View YN No

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Disclosures Rent Control Electric Electricity - On Property Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanSubmit New Construction YN No Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableSee Remarks Water Source Public Zoning R1 R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-23T10:26:32.817. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Edgar Koenig of Ed Koenig IRE (818-755-8088)