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Listed by: Kelly Morgan (310) 836-3638 DRE #01898026 | Houze Real Estate Management (323) 852-1372
$7,100,000
36 Beds
- 36 Baths
24,349sqft
7342 Haskell Ave, Van Nuys, CA 91406
$7,100,000
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Multi Family
Built in 1986
$-- HOA
16,836 sqft lot
$292/sq.ft
Description
7342 Haskell Ave, a 21-unit multifamily asset not subject to LA City Rent Control. Seller will carry $3,250,000 @ 5% interest only for 5 years. Built in 1986, the property is exempt from Los Angeles City rent control, allowing for annual rental increases of 5% plus CPI, currently 8.8% annually. Significant capital improvements totaling approximately $500,000 have been invested into the property, including a new roof, elevator, exterior paint, upgraded hallway flooring, modern lobby tile, security camera installation, and updated interior lighting. Additionally, there is an opportunity to add Five 1-bedroom/1-bath ADUs without losing adequate parking and potentially increa...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1986
HOA Fees
-
Finished Area
24,349 sqft
Lot Size
16,836 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25548685
MLS Status
Active
Days on Market
183
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