$1,350,000

7222 Tyrone Ave Van Nuys, CA 91405

Van Nuys Area

Estimated payment $8,106/month

Total Views 5,255
0.16 Acres
$8,709,677 Price per Acre
6,752 Sq Ft Lot

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.

Listing Agent

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 03/12/2026

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

Property Details

Property Type

Land

Lot Details

6,752 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1550
  • Lot Dimensions: 50x135
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per S Q F T: 605.38

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 2217-025-013
  • Lot Size Area: 6752

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,770 $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
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: The MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed -- New Title Company Name
Deed -- New Title Company Name
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- First American Title Company
Grant Deed $726,000 First American Title Company
Interfamily Deed Transfer -- Lsi Title Company
Grant Deed $197,000 Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $574,000 New Conventional
Previous Owner $580,800 New Conventional
Previous Owner $377,000 New Conventional
Previous Owner $150,000 Credit Line Revolving
Previous Owner $187,150 No Value Available
Previous Owner $125,000 Unknown
Source: Public Records

Source: The MLS

MLS Number: 26663897

The MLS

APN: 2217-025-013

California Los Angeles County Van Nuys 91405

7222 Tyrone Ave, Van Nuys, CA

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The MLS © 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.
Information is deemed reliable but not guaranteed.

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Sevak Keshishian
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Sevak Keshishian
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Marcus & Millichap
(747) 318-3583
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