Active

7222 Tyrone Avenue

Los Angeles, CA 91405

$1,147,500 $4,837/Mo

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Overview

Bed

Bath

2,230

Sqft

6,752

Sqft(Lot)

Description

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.

Property Details

Property Type : Residential

Price : $1,147,500

AD Id : 91113720

MLS Id : 26875703

Beds : 7

Lot Size : 6,752 Sqft

Living Area Size : 2,230

Year Built : 1953

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 7

Bathroom Information

Total Baths: 4 Full Baths: 4

Flooring Information

Laminate
Heating & Cooling

Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits

Building Information

Year Built: 1953

Building Area Total: 2230

Stories: 1

Pool Features: None

Private Pool: No

View: None

Lot Information

Lot Dimensions: 50x135 Main Square Feet: 6752 Lot Size Acres: 0.155 Lot Size Square Feet: 6,752

Listing Price Information

Listing Price: $1147500

Tax Information

Parcel Number: 2217025013

Virtual Tour

Virtual Tour (External Link)

Parking Information

Uncovered

Location Information

Direction: Heading east on Sherman Way, pass Van Nuys and turn north onto Tyrone Ave.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
13739 Wyandotte, Los Angeles, CA, 91405	$1,099,999	3	3	1,590	6,705 Sqft
6945 Cedros Avenue, Los Angeles, CA, 91405	$1,075,000	4	3	1,780	6,241 Sqft
14930 Leadwell Street, Los Angeles, CA, 91405	$1,099,000	3	3	1,516	7,866 Sqft
14925 Sherman Way, Los Angeles, CA, 91405	$5,500,000	50	50	26,760	29,604 Sqft

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ByOwner last updated this listing 09/11/2026 @ 22:36

MLS: 26875703 LISTED BY: Sevak Keshishian, Marcus & Millichap 818-212-2700 SOURCE: CRMLS