7342 Haskell Ave, a 21-unit multifamily asset not subject to LA City Rent Control. SELLER WILL CARRY at 4.5% interest-only in year 1, 5.5% interest-only in year 2. 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 increasing annual income by $100,000.Proximity to Major Developments: *East San Fernando Valley Light Rail Transit Project: Approximately 1.5 miles east, this 6.7-mile light rail line along Van Nuys Boulevard is under construction, with completion anticipated in 2031. It will enhance connectivity and transit options in the area.*G Line Busway Improvements: Around 2 miles southeast, the Metro G Line is undergoing a $668 million upgrade, including the construction of elevated stations at key intersections like Van Nuys Boulevard and Sepulveda Boulevard, aiming to improve travel times and reliability. *The Brightly at 6569 Van Nuys Blvd: Located approximately 2.5 miles southeast, this six-story development features 174 residential units and 18,400 square feet of ground-floor commercial space, contributing to the area’s revitalization. *Affordable Housing at 6100 Hazeltine Ave: About 3 miles southeast, a seven-story building with 72 affordable units is under development, addressing housing needs and promoting community growth. This offering is ideal for investors seeking a well-maintained asset with value-add potential in a neighborhood poised for continued growth and development. ***Contact us today to request the OM or schedule a private tour.***
Property Details
Price:
$7,100,000
MLS #:
25548685
Status:
Active
Baths:
0
Type:
Residential Income
Neighborhood:
lkbllakebalboa
Listed Date:
Jun 5, 2025
Lot Size:
16,836 sqft / 0.39 acres (approx)
Year Built:
1986
See this Listing
Schools
Interior
Heating
Central
Exterior
Parking Features
Controlled Entrance
Parking Spots
44.00
Financial
Map
Community
- Address7342 Haskell Avenue Van Nuys CA
- NeighborhoodLKBL – Lake Balboa
- CityVan Nuys
- CountyLos Angeles
- Zip Code91406
Subdivisions in Van Nuys
Market Summary
Current real estate data for Residential Income in Van Nuys as of Oct 19, 2025
54
Residential Income Listed
150
Avg DOM
$2,390,272
Avg List Price
Property Summary
- 7342 Haskell Avenue Van Nuys CA is a Residential Income for sale in Van Nuys, CA, 91406. It is listed for $7,100,000
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