7537 Haskell Avenue, Van Nuys, CA 91406 | MLS SR22008666 | Listing Information | Real Estate Reader

7537 Haskell Avenue
Van Nuys, CA 91406    Directions

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Courtesy: Edgar Koenig CalDRE: 00831815 - Ed Koenig IRE
Real Estate Reader> California> Van Nuys> 91406
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.
Apartment, Other
Los Angeles
0.477 Acres
Public Sewer
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Edgar Koenig, Ed Koenig IRE
Agent License: 00831815 Office License: 00831815

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