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

7406 Haskell, Van Nuys, California 91406 home-pic-0
ACTIVE$989,000
7406 Haskell, Van Nuys, California 91406
0Bed
0Bath
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
SR25258598
Home ConditionPoor
Features
Good View:
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About this home

Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,5 Pros. Rank: price - $989.0K(70th), sqft - 1221(26th), beds - undefined(1th), baths - undefined(1th).

Situated in an Opportunity Zone, this property provides potential tax benefits and attractive incentives for long-term investors and developers. Developer’s or Investor’s Dream in the Heart of Van Nuys! An exceptional opportunity featuring two houses on adjacent parcels — ideal for developers, builders, and investors alike. 7406 Haskell Avenue is currently leased for $2,500/month, while 7402 Haskell Avenue has been completely remodeled and is offered at $4,000/month. Each property is being sold separately but can be purchased together, presenting a rare chance to combine two neighboring lots for a larger development or income-producing project. Located in a high-demand Van Nuys neighborhood, this property offers unbeatable convenience, with proximity to the 405 freeway, Lake Balboa Park, and major shopping and dining destinations. Whether you’re planning to develop, expand, or hold as a long-term investment, the potential here is unmatched. Buyer to verify and satisfy all dimensions, legal zoning, building, and development requirements.

Price History

Date
Event
Price
11/12/25
Listing
$989,000
02/28/18
Sold
$56,500
06/27/08
Sold
$345,000
Condition Rating
Poor

Built in 1952, this property has not been remodeled, unlike the adjacent home. The listing's own analysis suggests the existing structure 'likely requires substantial renovation or demolition for modern use.' While currently leased, indicating minimal livability, its age and lack of updates mean all major systems, kitchen, and bathrooms are severely outdated and would require extensive repairs and rehabilitation to meet modern standards. The property's value is primarily in the land for redevelopment.
Pros & Cons

Pros

Opportunity Zone Benefits: Located within an Opportunity Zone, offering significant potential tax benefits and attractive incentives for long-term investors and developers.
Development & Expansion Potential: Exceptional opportunity to acquire two adjacent parcels for a larger development project or expansion, ideal for builders and investors.
Immediate Rental Income: The property currently generates $2,500/month in rental income, providing immediate cash flow for investors.
Strategic Location: Situated in a high-demand Van Nuys neighborhood with excellent proximity to the 405 freeway, Lake Balboa Park, and major shopping and dining destinations.
Targeted Investor Appeal: Explicitly positioned as an 'Investor’s Dream,' attracting a specific market segment focused on long-term growth and development.

Cons

Property Age and Condition: Built in 1952, the existing structure likely requires substantial renovation or demolition for modern use, as it is not described as remodeled like the adjacent property.
Limited Existing Structure Size: The current 1221 sqft home is relatively small, which may limit its appeal to traditional owner-occupants without significant expansion or redevelopment.
High Price Point for Existing Asset: The list price of $989,000 is primarily driven by land value and development potential, making it a substantial investment for the existing 1952 structure.

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