7222 Tyrone Avenue, Van Nuys, CA 91405
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
7222 Tyrone Avenue,Los Angeles, CA 91405
$1,147,500
- 7 Beds
- 4 Baths
- 2,230 sq. ft.
- Single family
- Active
Listed by: sevak keshishian
Office: marcus & millichap818-212-2700
MLS#:26875703
Source:CRMLS
Price summary
- Price:$1,147,500
- Price per sq. ft.:$514.57
About this home
7222 Tyrone Ave, a 2,200 square foot 7-bedroom/4-bathroom residence sitting on a 6,750 square foot lot in the high rental demand neighborhood of Van Nuys, California. The property has been split into 3 separate units and will be delivered vacant at the close of escrow. The offering presents investors and developers with a unique opportunity to pursue multiple potential investment strategies, including continued operation and improvement of the existing residence, potential reconfiguration of the home into separate living areas subject to applicable zoning and permitting requirements, or development of the fully entitled multifamily project. The property is currently a fully entitled multifamily development site with approvals in place for an 11-unit modern apartment building spanning four stories above grade, consisting of 10 market-rate units and 1 unit designated for a Very Low-Income tenant. The approximately 13,333 square foot project will feature a unit mix consisting of (6) 1-bedroom/1-bathroom units, (3) 2-bedroom/1-bathroom units, (1) 2-bedroom/2-bathroom unit, and (1) 3-bedroom/1-bathroom unit reserved for a Very Low-Income tenant. The development will provide 10 on-grade parking spaces. With the existing 7-bedroom/4-bathroom residence providing substantial square footage and bedroom count, buyers also have the flexibility to evaluate the property as a residential investment while determining the timing of future development. This combination of an existing improvement, a fully entitled multifamily project, and multiple potential investment strategies provides buyers with flexibility rarely available in a development opportunity of this size. The property's proximity to a major thoroughfare provides excellent accessibility, while strong rental market fundamentals support robust demand for quality single family and multifamily housing in Van Nuys....
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Home facts
- Year built:1953
- Listing ID #:26875703
- Added:6 day(s) ago
- Updated:September 16, 2026 at 10:57 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Laminate
- Living area:2,230 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Year built:1953
- Building area:2,230 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Ranch
- Levels:1 Story
Finances and disclosures
- Price:$1,147,500
- Price per sq. ft.:$514.57
Parking
- Parking description:Uncovered
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