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7406 Haskell, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 2 bath

7406 Haskell, Van Nuys, California 91406 home-pic-0
ACTIVE$989,000
7406 Haskell, Van Nuys, California 91406
3Beds
2Baths
1,221Sqft
5,002Lot
Year Built
1952
Close
-
List price
$989K
Original List price
$989K
Price/Sqft
$810
HOA
-
Days on market
-
Sold On
-
MLS number
SR25248018
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $989.0K(70th), sqft - 1221(26th), beds - 3(50th), baths - 2(50th).

Situated in an Opportunity Zone, this property provides potential tax benefits and attractive incentives for long-term investors and developers. This property is being sold separately, but in conjunction with 7402 Haskell Ave, Developer’s Dream in the Heart of Van Nuys! Offering a rare chance to combine two adjacent parcels for a larger development opportunity. Perfect for investors, builders, and/or developers looking to maximize value in a rapidly growing area. An incredible property in a desirable Van Nuys neighborhood. The location is unbeatable with easy on/off of the 405 freeway, close to Lake Balboa Park, and major shopping and dining destinations. Whether you’re looking to build new or hold as a long-term investment, this property’s potential is unmatched. Buyer to verify and satisfy all dimensions, legal zoning, building, and development requirements.

Price History

Date
Event
Price
10/30/25
Listing
$989,000
02/28/18
Sold
$56,500
06/27/08
Sold
$345,000
Condition Rating
Tear down
Built in 1952, this property is over 70 years old. The listing explicitly markets it as a 'Developer's Dream' with the existing structure 'likely requiring substantial renovation or demolition for optimal use.' The absence of any interior images, especially of the kitchen and bathrooms, strongly suggests the current residential unit is not a selling point and is likely in a state where its value is based solely on the land and its redevelopment potential, consistent with a tear-down.
Pros & Cons

Pros

Opportunity Zone Benefits: Situated in an Opportunity Zone, this property offers significant tax benefits and attractive incentives for long-term investors and developers.
Adjacent Parcel Development Potential: The property can be combined with an adjacent parcel (7402 Haskell Ave) for a larger development opportunity, appealing to builders and developers.
Strategic Location & Accessibility: Located in a desirable Van Nuys neighborhood with unbeatable access to the 405 freeway, Lake Balboa Park, and major shopping/dining destinations.
High Developer/Investor Appeal: Explicitly marketed as a 'Developer’s Dream' and ideal for investors looking to maximize value in a rapidly growing area.
Flexible Investment Strategy: Offers versatile potential for either new construction projects or as a long-term investment hold.

Cons

Age of Existing Structure: Built in 1952, the current single-family residence likely requires substantial renovation or demolition for optimal use, adding to development costs.
Lack of Desirable Views: The property explicitly states 'View: None,' which may limit its appeal for certain end-users or premium pricing.
Extensive Buyer Due Diligence Required: The buyer is responsible for verifying all dimensions, legal zoning, building, and development requirements, indicating potential complexities and costs in realizing the property's full potential.

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