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$3,499,000

Est. payment - /mo

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26 BD

24 BA

12,568 SqFt

Active

7454 Haskell AVE Van Nuys, CA 91406

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:50 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,568 sqft

Price per Sqft $278

MLS Listing ID 24345901

Bedrooms 26

HOA Y/N No

Year Built 1963

Lot Size 0.320 Acres

Property Description

Featuring spacious floorplans and a unit mix that contains nearly all two- and three-bedroom apartments, the property spans 12,568 gross square feet. The building occupies a corner lot near the intersection of Sherman Way and Haskell Avenue. The current owner has installed full copper plumbing, replaced nearly every window in the building, and upgraded the main electric panel. A new investor may be able to use existing permits to complete two ADUs, which may also remove the need for any seismic retrofit repairs (Buyer to verify). Every unit interior has been renovated with decorative tile flooring, granite countertops, and remodeled bathrooms. The city of Van Nuys and the Northeast San Fernando Valley posted a vacancy rate of less than three percent in the second quarter of 2023. Aside from the dense New York City boroughs, this vacancy rate sits among to lowest in the entire country among submarkets that contain at least 60,000 units. With relatively few new residential projects slated for the next two years, it is expected that these strong occupancy rates will remain, to the benefit of local landlords.

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LAR3

Interior

Fireplace No

Exterior

Garage Assigned

Parking Type Assigned

Total Parking Spaces 16

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2206028013

Special Listing Condition Standard

Listed by Roderick 'Rick' Raymundo • Marcus & Millichap

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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