Active

7222 Tyrone Avenue

Van Nuys, CA 91405
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SqFt6,752

Sqft(Lot)

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 accessibility, while strong rental market fundamentals support robust demand for quality multifamily housing in Van Nuys.

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Detail Ic Property Details

Property Type : Land

Price : $1,350,000

AD Id : 76091192

MLS Id : 26663897

Lot Size : 6,752 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.155 Lot Size Dimensions: 50x135
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6752

  • Listing Price Information

    Original List Price: 1,350,000 Listing Contract Date: 2026-03-12
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 2217025013

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: VN - Van Nuys Postal Code Plus 4: 2460 Directions: Ventura Blvd. to Van Nys Blvd, go North to Sherman Way, Turn Right. to Tyrone Ave, turn Left. Property will be on the right Zoning: LAR1 Source Property Type: Land Area: VN - Van Nuys
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
6640 Kester Avenue, Van Nuys, CA, 91405 $1,699,000 -- -- -- 11,094 Sqft(Lot)

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ByOwner last updated this listing 06/06/2026 @ 04:56

MLS: 26663897 LISTED BY: Sevak Keshishian, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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