7406 Haskell, Van Nuys, California 91406, Van Nuys, 91406 - 0 bed, 0 bath
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Van Nuys, California 91406
This Development-Ready Asset is a High-Potential Investment Opportunity listed at $799,000, carrying a strategic premium over the $697,665 Fair Market Value due to its location in a federal Opportunity Zone. With a Condition Rating of 5, the value is driven by the land and significant Development Potential, including the rare chance to combine adjacent parcels. Currently generating $2,500 in monthly rental income, the property provides immediate cash flow for a "buy and hold" strategy. This is a sophisticated acquisition for Buy-and-Hold Investors or Developers seeking long-term tax incentives.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7406 Haskell Subject | $799,000* List Price | 0 | 0 | 1,221 | $554 | - |
A 15445 Archwood Street Sold | $612,500 | 3 | 1 | 1,162 | $527 | 0.9 mi |
B 7407 Densmore Avenue Sold | $725,000 | 3 | 1 | 1,356 | $535 | 0.2 mi |
C 15454 Archwood Street Sold | $725,000 | 3 | 2 | 1,274 | $569 | 0.9 mi |
D 6700 Densmore Avenue Sold | $790,000 | 3 | 2 | 1,170 | $675 | 0.9 mi |
E 15401 Covello Street Active | $799,000 List Price | 3 | 2 | 1,558 | $513 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952, this property is marketed primarily as a 'Developer’s or Investor’s Dream' within an Opportunity Zone, indicating the value lies in the land and development potential rather than the structure. While currently leased, the exterior images show significant aging, weathered surfaces, and a lack of modern updates. The listing's emphasis on combining lots for larger projects and the stark contrast with the 'completely remodeled' neighboring unit suggest this home requires substantial rehabilitation or modernization to meet current market standards.
Located in a designated Opportunity Zone, this property offers significant tax benefits and long-term capital gains incentives for savvy investors and developers.
The property sits adjacent to another available parcel, providing a rare opportunity to combine lots for a larger-scale development project in a high-demand neighborhood.
Currently leased at $2,500 per month, the property generates steady rental income, making it an attractive 'buy and hold' asset while planning future improvements.
The property has undergone multiple significant price reductions from its original $989,000 listing, which may suggest initial overvaluation or extended days on market.
Built in 1952, the structure likely requires substantial modernization or a complete rebuild to meet the standards of the neighboring remodeled units and maximize its value.
Each property is being sold separately but must be purchased together at 799K EACH, presenting a rare chance to combine two neighboring lots for a larger development or income-producing project 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 1,221 | 1,469 | 28% |
| Lot Size | 5,002 | 6,556 | 2% |
| Price | $799.0K | $882.0K | 26% |
| Price per sq ft | $654 | $608 | 65% |
| Built year | 1952 | 1950 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 161 | 160 | 53% |
Feb 7, 2026
$799,000
$895,000
-11% Price Drop
Initial Listing
Jan 6, 2026
$895,000
$989,000
-10% Price Drop
Initial Listing
Nov 12, 2025
$989,000
Initial Listing
Feb 28, 2018
$56,500
Public Record
Jun 27, 2008
$345,000
Public Record