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7222 Tyrone Avenue
Single Family Residence 
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7222 Tyrone Avenue 
$1,147,500
Offered at
Los Angeles, CA 91405
Los Angeles County
7
Beds
4
Baths
2,230
Sq Ft
6,752
Lot Sq Ft
1953
Year Built
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…
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.
Facts & Features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
- 1/2 bathrooms: 0
Cooling
- Cooling: Wall Window Units
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 2,230 sqft
- Total interior livable area: 2,230 sqft
Property
Parking
- Total spaces: 0
- Parking features: Uncovered
Features
- Stories: 1
- Has private pool: No
- Has view: No
Lot
- Size: 0.16 Acres
Details
- Parcel number: 2217025013
- Zoning: LAR1
Construction
Type & style
- Home type: Residential
- Architectural style: Ranch
- Property subtype: Single Family Residence
Condition
- Year built: 1953
Location
Mike Zwarg
Broker / Owner
951-528-0626
mike@mzhomes.us
mike@mzhomes.us
Listing Office: Marcus & Millichap · Listing Agent: Sevak Keshishian · CRMLS
The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.
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7222 Tyrone Avenue, Los Angeles, CA 91405
951-528-0626
mike@mzhomes.us
mzhomes.us
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