7222 Tyrone Avenue, Van Nuys, CA 91405
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
7222 Tyrone Avenue,Van Nuys (los Angeles), CA 91405
$1,350,000
- 0.16 Acres
- Lots / Land
- Active
Listed by: sevak keshishian
Office: marcus & millichap
MLS#:CL26663897
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,350,000
About this home
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 accessibil...
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Home facts
- Listing ID #:CL26663897
- Added:47 day(s) ago
- Updated:May 01, 2026 at 02:33 PM
Structure and exterior
- Lot area:0.16 Acres
- Architectural Style:Unimproved Land
Finances and disclosures
- Price:$1,350,000
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