7407 Haskell Ave
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7407 Haskell Ave
8 Unit Block of Flats £2,034,370 (£254,296/Unit) 5.63% Net Initial Yield 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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£179,244
|
£28.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£5,366
|
£0.86
|
| Effective Gross Income |
£173,878
|
£27.94
|
| Taxes |
£25,430
|
£4.09
|
| Operating Expenses |
£33,990
|
£5.46
|
| Total Expenses |
£59,419
|
£9.55
|
| Net Operating Income |
£114,458
|
£18.39
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £179,244 |
| Annual Per SF | £28.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £5,366 |
| Annual Per SF | £0.86 |
| Effective Gross Income | |
|---|---|
| Annual | £173,878 |
| Annual Per SF | £27.94 |
| Taxes | |
|---|---|
| Annual | £25,430 |
| Annual Per SF | £4.09 |
| Operating Expenses | |
|---|---|
| Annual | £33,990 |
| Annual Per SF | £5.46 |
| Total Expenses | |
|---|---|
| Annual | £59,419 |
| Annual Per SF | £9.55 |
| Net Operating Income | |
|---|---|
| Annual | £114,458 |
| Annual Per SF | £18.39 |
Property Facts
| Price | £2,034,370 | Apartment Style | Low Rise |
| Price Per Unit | £254,296 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Net Initial Yield | 5.63% | Building Size | 6,224 SF |
| Gross Rent Multiplier | 11.35 | Number of Floors | 3 |
| No. Units | 8 | Year Built | 1986 |
| Property Type | Residential | Parking Ratio | 1.75/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | £2,034,370 |
| Price Per Unit | £254,296 |
| Sale Type | Investment |
| Net Initial Yield | 5.63% |
| Gross Rent Multiplier | 11.35 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,224 SF |
| Number of Floors | 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 | £1,740,807 |
| Land Assessment | £522,661 | Annual Taxes | £25,430 (£4.09/sf) |
| Improvements Assessment | £1,218,146 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2206-027-026
Land Assessment
£522,661
Improvements Assessment
£1,218,146
Total Assessment
£1,740,807
Annual Taxes
£25,430 (£4.09/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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