7407 Haskell Avenue

Van Nuys, CA 91406

$2,600,000
Price
16
Beds
12
Baths
6,224 Sq. Ft.
$418 / Sq. Ft.
6,224
Sq. Ft.
$418
per Sq. Ft.

Description

This 8 unit property is located in Van Nuys near the corner of Sherman Way and the 405 freeway. Built in 1986, this building is exempt from the LA Rent Stabilization Ordinance (RSO) and has an attractive unit mix of all 2 bedroom units. Additionally, there is an assumable loan at 4.55% interest only fixed until July 2027. Priced at a 5.58% CAP, which includes the two vacant units with Section 8 rents, there is approximately 33% in rental upside. The sellers have fully remodeled all of the units with...This 8 unit property is located in Van Nuys near the corner of Sherman Way and the 405 freeway. Built in 1986, this building is exempt from the LA Rent Stabilization Ordinance (RSO) and has an attractive unit mix of all 2 bedroom units. Additionally, there is an assumable loan at 4.55% interest only fixed until July 2027. Priced at a 5.58% CAP, which includes the two vacant units with Section 8 rents, there is approximately 33% in rental upside. The sellers have fully remodeled all of the units with new paint, flooring, countertops, and appliances. In addition, they've replaced 2 of the 8 HVAC condensers, painted the exterior of the building, installed artificial grass in the front, and installed security cameras throughout the building.
  1. Listed by Henry Garcia • DRE #01303784 • Brokerage DRE #01180851 • Real Broker
  2. Listed by Phuong Lynn Tran • DRE #02059032 • Real Brokerage Technologies, Inc.

Property Details for 7407 Haskell Avenue

Zoning
LAR3
Parcel Number
2206027026
Total Units
8.0
Living Area
6224
Source Living Area
Vendor Enhanced
Area
Lake Balboa (LKBL)
Vacancy Rate
Two
Lot Size Area
6762
LISTING UPDATED: 09/26/2024 12:01 AM

Property Details for 7407 Haskell Avenue

StatusActive
MLS #24-441479
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.16 AC / 6,762 SF
CountyLos Angeles County

Building Information for 7407 Haskell Avenue

Stories2Residences-Year Built1986Building Size-Lot Size0.16 AC / 6,762 SF

Property Information for 7407 Haskell Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $214,105
  • Net Operating Income: $144,979.00
  • Gross Income: $220,712
  • Gross Rent Multiplier: $11.78
  • Total Annual Expense: 69126
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1555
  • Lot Size Square Feet: 6762
  • Lot Size Dimensions: 50x136
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Features: Landscaped
  • Lot Description: Landscaped
Parking Details
Parking Details
  • Parking Garage: Attached, Covered Parking, Assigned
  • Total Parking: 15
  • Parking Features: Covered, Assigned
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling Type: Air Conditioning
  • Heating: Central, Fireplace(s)
  • Heating Type: Central, Fireplace
  • Equipment: Refrigerator, Range/Oven, Dishwasher, Hood Fan, Freezer
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,401.00
  • Unit Actual Rent: $9,623.00
  • Unit Projected Rent: $12,208.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,183.00
  • Unit Actual Rent: $8,730.00
  • Unit Projected Rent: $12,208.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,526,309.00
  • Assessed Improvement Percent: 69.98
  • Assessed Land Value: $654,883.00
  • Assessed Land Percent: 30.02
  • Assessed Total Value: $2,181,192.00

Property History for 7407 Haskell Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7407 Haskell Avenue

Taxable ValueLand$667,980Additions$1,556,835Total$2,224,815
Tax Record2024$27,937 ($2,328 / month)
Home Facts
Total Finished SqFt6,224 SqFtAbove Grade Finished SqFt6,224 SqFtLot Size6,763 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningLAR3CountyLOS ANGELESAPN2206-027-026

Schools near 7407 Haskell Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Cohasset Street Elementary School
PublicK to 5

Robert Fulton College Preparatory School
Public6 to 12

Birmingham Community Charter High School
Charter9 to 12

Cal Burke High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

7407 Haskell Avenue is a multi-family home for sale in Van Nuys, CA 91406. This property was listed for sale on September 18, 2024 by Real Broker, it's currently listed at $2,600,000. It has been on the market for a total of 35 days and was last sold on July 2, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Cohasset Street Elementary School, Robert Fulton College Preparatory School and Birmingham Community Charter High School. 7407 Haskell Avenue is a 16-bed, 12-bath, 6,224 sqft multi-family home built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, Henry Garcia, DRE #01303784; Real Brokerage Technologies, Inc., Phuong Lynn Tran, DRE #02059032

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.