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Not subject to LA City rent control 7342 Haskell Ave

21 Unit Block of Flats £5,691,185 (£271,009/Unit) 4.47% Net Initial Yield Van Nuys, CA 91406

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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***

Property Facts

Price	£5,691,185	Building Class	C
Price Per Unit	£271,009	Lot Size	0.39 AC
Sale Type	Investment	Building Size	24,349 SF
Net Initial Yield	4.47%	Number of Floors	3
No. Units	21	Year Built	1986
Property Type	Residential	Parking Ratio	1.6/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£5,691,185
Price Per Unit	£271,009
Sale Type	Investment
Net Initial Yield	4.47%
No. Units	21
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.39 AC
Building Size	24,349 SF
Number of Floors	3
Year Built	1986
Parking Ratio	1.6/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.