7454 Haskell Avenue

Van Nuys, CA 91406

$3,499,000

List Price

26

bed Beds

24

shower Baths

12,568 sqft

straighten / sqft

1963

calendar_month Built

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.

Listing Information

List Price $3,499,000
Status Active
MLS 24345901
Type Residential Income
Year Built 1963
Lot Size 13,921
Structure Size 12,568
DOM 217
Courtesy Of Marcus & Millichap
Listing Agent Roderick 'Rick' Raymundo DRE#01357019

Interior Features

Total Bedroom
Bedrooms 26
Total Bathroom
Bathrooms 24

Exterior Information

Maps

Listing information courtesy of: Roderick 'Rick' Raymundo, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.