7407 Haskell Ave
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7407 Haskell Ave
8 Unit Apartment Building $3,685,422 CAD ($460,678 CAD/Unit) 5.63% Cap Rate Van Nuys, CA 91406
Investment Highlights
- Not subject to LA Rent Stabilization Ordinance
- All 2 bedroom units
- 3 of the 8 units are vacant
Executive Summary
This 8 unit property is built in 1986 and is exempt from the LA Rent Stabilization Ordinance (RSO). The building is all 2 bedroom units.
3 of the 8 units are currently vacant. There is an attractive assumable loan at 4.55% interest only fixed until July 2027. The Sellers have remodeled the units with new paint, flooring, countertops and appliances. Additionally, they've replaced 2 of the 8 HVAC condensers, painted the exterior of the building, installed artificial grass, and installed security cameras.
3 of the 8 units are currently vacant. There is an attractive assumable loan at 4.55% interest only fixed until July 2027. The Sellers have remodeled the units with new paint, flooring, countertops and appliances. Additionally, they've replaced 2 of the 8 HVAC condensers, painted the exterior of the building, installed artificial grass, and installed security cameras.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$324,714
|
$52.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,721
|
$1.56
|
| Effective Gross Income |
$314,993
|
$50.61
|
| Taxes |
$46,068
|
$7.40
|
| Operating Expenses |
$61,575
|
$9.89
|
| Total Expenses |
$107,643
|
$17.29
|
| Net Operating Income |
$207,350
|
$33.31
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $324,714 |
| Annual Per SF | $52.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,721 |
| Annual Per SF | $1.56 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $314,993 |
| Annual Per SF | $50.61 |
| Taxes (CAD) | |
|---|---|
| Annual | $46,068 |
| Annual Per SF | $7.40 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $61,575 |
| Annual Per SF | $9.89 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $107,643 |
| Annual Per SF | $17.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $207,350 |
| Annual Per SF | $33.31 |
Property Facts
| Price | $3,685,422 CAD | Apartment Style | Low Rise |
| Price Per Unit | $460,678 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.63% | Building Size | 6,224 SF |
| Gross Rent Multiplier | 11.35 | No. Stories | 3 |
| No. Units | 8 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 1.75/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $3,685,422 CAD |
| Price Per Unit | $460,678 CAD |
| Sale Type | Investment |
| Cap Rate | 5.63% |
| Gross Rent Multiplier | 11.35 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,224 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 1.75/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Public Transportation
- Individual Locking Bedrooms
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 2+2 | 4 | - | - |
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PROPERTY TAXES
| Parcel Number | 2206-027-026 | Total Assessment | $3,138,257 CAD |
| Land Assessment | $942,233 CAD | Annual Taxes | $46,068 CAD ($7.40 CAD/SF) |
| Improvements Assessment | $2,196,025 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2206-027-026
Land Assessment
$942,233 CAD
Improvements Assessment
$2,196,025 CAD
Total Assessment
$3,138,257 CAD
Annual Taxes
$46,068 CAD ($7.40 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | R3-1, Los Angeles (Limited Density Multiple Residence) |
| R3-1, Los Angeles (Limited Density Multiple Residence) |
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7407 Haskell Ave
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