Not subject to LA City rent control | 7342 Haskell Ave
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Not subject to LA City rent control 7342 Haskell Ave
21 Unit Apartment Building $10,276,657 CAD ($489,365 CAD/Unit) 4.47% Cap Rate Van Nuys, CA 91406
Investment Highlights
- Opportunity to add Five 1+1 ADUs adding $1,176,002 in immediate value
- Approximately $500,000 has been invested in capital improvements to enhance the building
- 18 of the 21 units have been upgraded
- Constructed in 1986, the property falls under SB1482 State Rent Control, 5% + CPI rent increases allowed
- New Roof, New Elevator
- Over 70% 2+2 units
Executive Summary
Kelly Morgan Commercial Group & KW Commercial are proud to present the Haskell Apartments, located at 7342 Haskell Avenue in the Lake Balboa community, property offers investors a rare opportunity to acquire a renovated and upgraded 21-unit multifamily property with an excellent opportunity to add five 1+1 ADUs while maintaining adequate parking.
Built in 1986, the building has undergone approximately $500,000 in capital improvements, including new roof, new elevator, fresh exterior paint, upgraded hallway flooring, new lobby tile, security camera installation and modern interior sconce lighting.
***Contact us for an OM***
Built in 1986, the building has undergone approximately $500,000 in capital improvements, including new roof, new elevator, fresh exterior paint, upgraded hallway flooring, new lobby tile, security camera installation and modern interior sconce lighting.
***Contact us for an OM***
Property Facts
| Price | $10,276,657 CAD | Building Class | C |
| Price Per Unit | $489,365 CAD | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 24,349 SF |
| Cap Rate | 4.47% | No. Stories | 3 |
| No. Units | 21 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 1.6/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $10,276,657 CAD |
| Price Per Unit | $489,365 CAD |
| Sale Type | Investment |
| Cap Rate | 4.47% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 24,349 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 1.6/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Security System
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PROPERTY TAXES
| Parcel Number | 2206-029-022 | Improvements Assessment | $5,878,927 CAD |
| Land Assessment | $3,810,416 CAD | Total Assessment | $9,689,343 CAD |
PROPERTY TAXES
Parcel Number
2206-029-022
Land Assessment
$3,810,416 CAD
Improvements Assessment
$5,878,927 CAD
Total Assessment
$9,689,343 CAD
zoning
| Zoning Code | R3-1, Los Angeles |
| R3-1, Los Angeles |
-
Kelly Morgan -
Kelly Morgan Commercial Group
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Not subject to LA City rent control | 7342 Haskell Ave
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