NOT LISTED FOR SALE

7537 Haskell Ave van Nuys, CA 91406

Estimated Value: $1,480,151 - $2,374,000

0.48 Acre
$3,739,073 Price per Acre
20,778 Sq Ft Lot

Last Sold May 24, 2022

Last sale price $2,375,000 $679 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $10,868/month

73 Days on Market

About This Lot

As of May 2022

7537-7541 Haskell Avenue - must be sold together. Opportunity Zone!!! Builders/Developers here is an opportunity to purchase two side by side properties totaling over 20,000 sqft of land and 120 ft of frontage on Haskell Avenue. Currently zoned R3-R1 you can build up to 23 units By-Right and 32 utilizing LA City’s Density Bonus and ADU incentives programs (Buyer is advised to confirm and perform their own due diligence within the LADBS). The combined property currently consists of 6 units (a four-unit building and a duplex) to total a yearly gross income of $87,000.
Alternative Option: Buy, tear down duplex, build 12 units by right, add 4 units to existing neighboring building, reduce build cost and create additional income. Last Option: buy and inventory the project for a future build. With plenty of upside in future rents you can operate the building during the development process.

The Location: The site is in the Northern area of Van Nuys. Positioned among several multi-family properties, newly constructed buildings, industrial businesses, freeway adjacent and minutes to Van Nuys Airport and Flyaway is an makes it easy to lease. All the indicators show that the demand for housing is continuing to increase and with that said… it suggests for a strong rental market for the future.
Disclaimer: Property to be sold AS-IS with current tenants in place. Drive-by only and please do not disturb tenants.

Last Agent to Sell the Property

Ed Koenig

Ed Koenig IRE License #00831815 Listed on: 01/14/2022

Last Buyer's Agent

Suzy Ly Laudadio

Beverly and Company, Inc. License #01991618

Beverly and Company, Inc.

Property Details

Property Type

  • Land

Lot Details

  • 0.48 Acre Lot
  • Density is up to 1 Unit/Acre
  • 2206-014-042, 2206-014-037
  • Property is zoned R1 R3

Utilities

  • Phone Available

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Current Use Comments: 7537 - Duplex (3 bed + 1 bath & 2 bedroom + 1 b...
  • Possible Use Comments: Redevelopment
  • View: No
  • Zoning: R1 R3
  • Property Type: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 114.30

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available
  • Electric: Electricity - On Property
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 2206-014-042, 2206-014-037
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 20779.00
  • Lot Size Acres: 0.4770

Multi Family

  • Lot Size Area: 20779.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
May 20, 2022
Sold by
Devon Bank
Bought by
Sehrish Mernon Family Trust and Memon
Seller's Agent
Ed Koenig
Ed Koenig IRE
Buyer's Agent
Suzy Ly Laudadio
Beverly and Company, Inc.
List Price
$2,624,500
Sold Price
$2,375,000
Premium/Discount to List
-$249,500
-9.51%
Current Estimated Value
$1,783,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$591,462
Avg. Annual Appreciation
-7.51%
Original Mortgage
$2,440,312
Outstanding Balance
$2,299,626
Interest Rate
4.72%
Mortgage Type
Seller Take Back
Estimated Equity
-$516,088

Purchase Details

Listed on
Jan 14, 2022
Closed on
May 19, 2022
Sold by
Waagenaar Family Trust
Bought by
Devon Bank
Seller's Agent
Ed Koenig
Ed Koenig IRE
Buyer's Agent
Suzy Ly Laudadio
Beverly and Company, Inc.
List Price
$2,624,500
Sold Price
$2,375,000
Premium/Discount to List
-$249,500
-9.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,440,312
Outstanding Balance
$2,299,626
Interest Rate
4.72%
Mortgage Type
Seller Take Back
Estimated Equity
-$516,088

Purchase Details

Closed on
May 11, 2005
Sold by
Waagenaar Gary D and Waagenaar Jennifer Ann
Bought by
Waagenaar Gary and Waagenaar Jennifer

Purchase Details

Closed on
Apr 3, 2001
Sold by
Artinian Jack H and Artinian Loucin
Bought by
Waagenaar Gary D and Waagenaar Jennifer Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
7.09%

Purchase Details

Closed on
Jul 23, 1994
Sold by
Minassian Artin and Minassian Jaklin
Bought by
Minassian Zareh

Purchase Details

Closed on
Aug 27, 1993
Sold by
Minassian Artin and Minassian Jaklin
Bought by
Artinian Jack H and Artinian Loucin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
7.2%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sehrish Mernon Family Trust -- Lawyers Title
Devon Bank $1,487,500 Lawyers Title
Waagenaar Gary -- --
Waagenaar Gary D $310,000 Equity Title Company
Minassian Zareh -- --
Artinian Jack H -- --
Artinian Jack H -- Continental Land Title
Minassian Artin -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sehrish Mernon Family Trust $2,440,312
Closed Devon Bank $2,440,312
Previous Owner Waagenaar Gary D $232,500
Previous Owner Minassian Artin $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2022 05/24/22 Sold $2,375,000 -9.5% $679 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $2,624,500 0.0% $751 / Sq Ft
01/28/2022 01/28/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $2,624,500 0.0% $751 / Sq Ft
09/20/2018 09/20/18 Rented $1,500 0.0% --
09/15/2018 09/15/18 Under Contract -- -- --
08/18/2018 08/18/18 For Rent $1,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,164 $1,578,546 $711,009 $867,537
2024 $19,164 $1,547,595 $697,068 $850,527
2023 $18,796 $1,517,250 $683,400 $833,850
2022 $5,720 $440,157 $227,176 $212,981
2021 $5,635 $431,527 $222,722 $208,805
2019 $5,476 $418,729 $216,117 $202,612
2018 $5,333 $410,520 $211,880 $198,640
2016 $5,070 $394,581 $203,653 $190,928
2015 $5,000 $388,655 $200,594 $188,061
2014 $5,043 $381,043 $196,665 $184,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22008659

California Regional Multiple Listing Service (CRMLS)

APN: 2206-014-042