7222 Tyrone Ave Van Nuys, CA 91405
Estimated payment $8,010/month
About This Lot
We are pleased to to market for sale a development opportunity at 7222 Tyrone Ave, a fully entitled multifamily development site located in the high rental demand neighborhood of Van Nuys, California. This offering presents a chance for a developer to acquire a project with approvals in place for an 11-unit modern apartment building spanning four stories above grade with 10 market-rate units and 1 unit designated for a Very Low-Income tenant. This 13,333 square foot project will have a unit mix consisting of 6 one-bedroom/one bathroom units, 3 two-bedroom/one-bathroom units, and 1 two-bedroom/two-bathroom units with 10 on-grade parking spaces. The property will be delivered "RTI" and shovel ready at the close of escrow. This 6,750 square foot corner lot near the intersection of Sherman Way and Tyrone Ave is currently a vacant single-family residence. The current approvals encompass a well-designed mix of one-bedroom, two-bedroom, and three-bedroom units complete with on-grade parking. This project represents an ideal opportunity for a local developer looking to build immediately in an area that is deficient in new single-family home construction and boasts a very high rental demand for apartment units. The property's proximity to a major thoroughfare provides excellent accessibility, while strong rental market fundamentals support robust demand for quality multifamily housing in Van Nuys.
Property Details
Property Type
- Land
Lot Details
- 6,752 Sq Ft Lot
- Lot Dimensions are 50x135
- Property is zoned LAR1
Utilities
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2217-025-013
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,640 | $785,843 | $612,872 | $172,971 |
| 2024 | $9,640 | $770,435 | $600,855 | $169,580 |
| 2023 | $9,456 | $755,329 | $589,074 | $166,255 |
| 2022 | $9,021 | $740,520 | $577,524 | $162,996 |
| 2021 | $8,905 | $726,000 | $566,200 | $159,800 |
| 2020 | $7,739 | $614,089 | $346,643 | $267,446 |
| 2019 | $7,439 | $602,049 | $339,847 | $262,202 |
| 2018 | $7,331 | $590,245 | $333,184 | $257,061 |
| 2016 | $6,996 | $567,327 | $320,247 | $247,080 |
| 2015 | $6,896 | $558,806 | $315,437 | $243,369 |
| 2014 | $5,490 | $430,300 | $242,900 | $187,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $1,350,000 | +86.0% | -- | |
| 07/27/2020 07/27/20 | Sold | $726,000 | +3.9% | $326 / Sq Ft | View Prior Sale |
| 06/17/2020 06/17/20 | Pending | -- | -- | -- | |
| 06/08/2020 06/08/20 | For Sale | $699,000 | -- | $313 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $726,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | Lsi Title Company | |
| Grant Deed | $197,000 | Fidelity Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $580,800 | New Conventional | |
| Previous Owner | $377,000 | New Conventional | |
| Previous Owner | $187,150 | No Value Available |
Source: The MLS
MLS Number: 26663897
APN: 2217-025-013
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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