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    7010 Lennox Ave Van Nuys, CA 91405

    Sponsored
    For Sale
    $2,700,000

    Triplex - Van Nuys, CA

    Type:Triplex
    Property size:
    4,080 SF
    Lot size:
    7,231.00 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 27 at 11:06 pm

    Property Features for 7010 Lennox Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    LARD1.5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    11
    Bathrooms
    9
    APN
    2217006047
    Interior features
    Quartz Counters, Recessed Lighting, Sliding Doors, Carbon Monoxide Detector(s), Window Features: Double Pane Windows
    Exterior features
    Fence, Community Features Included: Gutters, Street Lights, Storm Drains, Sidewalks, Level With Street, Paved, Level, Back Yard, Yard
    Fencing
    Fenced
    Appliances
    Dishwasher, Range, Range - Gas, Refrigerator, Washer
    Size
    4,080 SF
    Lot size
    7,231.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Laminate
    Building materials
    Concrete, Stucco
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Keshishyan
    Gary Keshishyan

    Pinnacle Estate Properties, Inc. (818) 993-7370

    Listing agent Gary Keshishyan (818) 993-7370 License #01276434

    Listing date Feb 25, 2026

    MLS# SR26041556 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Triplex in Van Nuys

    This renovated triplex, constructed in 1988, features three units behind a gate. One unit includes 3 bedrooms and 2.5 bathrooms, while the other two units each offer 4 bedrooms and 2 bathrooms. Each unit spans 1,360 square feet. The units feature new appliances, new flooring, and energy-efficient windows. All bathrooms have been remodeled with contemporary finishes, and new closet doors have been installed. Central heating and air conditioning are also included. The property is situated on a lot of 0.166 acres. The property is zoned LARD1.5 and contains 4,080 square feet of living space. The building is located in Van Nuys, California, offering proximity to shopping, dining, and everyday essentials.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.4453148
    Latitude
    34.1980347

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    FAQs

    What type of property is this?
    Triplex - Modern, renovated triplex featuring spacious units and contemporary finishes.
    Where is this triplex located?
    The property is located at 7010 Lennox Ave Van Nuys, CA.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Three Units Building: One unit with 3 beds/2.5 baths, and two units with 4 beds/2 baths.; - **Completely Renovated:** Features brand-new appliances, new flooring, remodeled bathrooms, and new closet doors.; - Equipped with energy-efficient windows and central heating and air conditioning.
    (818) 606-6069
    Request Owner's contact information
    7010 Lennox Ave Van Nuys, CA 91405
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    Van Nuys, CA 91405
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7010 Lennox Ave Van Nuys, CA 91405
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    We can help!
    Listing Contact
    Gary Keshishyan
    Gary Keshishyan
    Real Estate License ID: 01276434
    (818) 606-6069 (818) 993-7370
    Learn more
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