7407 Haskell Ave Los Angeles, CA 91406

This 8-unit apartment building, located in Van Nuys at 7407 Haskell Ave, Los Angeles, CA 91406, presents a compelling investment opportunity. Built in 1986, this property boasts 6,224 square feet on a 6,762 square foot lot and features eight 2-bedroom units. The building is exempt from the Los Angeles Rent Stabilization Ordinance (RSO). Currently priced at $2,600,000 ($325,000 per unit), it offers a 5.58% cap rate with a net operating income (NOI) of $215,556. An assumable loan with a 4.55% interest-only fixed rate is available until July 2027. Significant recent improvements include full unit renovations (new paint, flooring, countertops, and appliances), replacement of two HVAC condensers, exterior painting, installation of artificial turf, and a comprehensive security camera system. Two vacant units currently have Section 8 rents, presenting approximately 33% rental upside potential. The property is conveniently located near Sherman Way and the 405 freeway, and the permitted zoning is LAR 3. The land value is $418 per square foot. This property offers a strong combination of immediate cash flow and significant upside potential. The APN is 2206027026.