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Gated Renovated Triplex Building

7010 Lennox Avenue Van Nuys, CA 91405

7010 Lennox Avenue, Van Nuys, CA, 91405
$2,175,000
For Sale
$2,175,000

MULTI_FAMILY - Van Nuys, CA

Property Size4,080 SF
Lot Size0.17 Acres
Price / SF$533.09
Days on Market24

Property Features for 7010 Lennox Avenue

General Information

Property type
Residential Multi Family
Property subtype
Triplex
Zoning
LARD1.5
Bedrooms
11
Bathrooms
9
Rooms
Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 7, Bedroom 5, Bedroom 8, Bathroom 8, Bedroom 1, Bedroom 3, Bedroom 9, Bathroom 2, Bedroom 10, Bedroom 11, Bathroom 4, Laundry Room, Bedroom 4, Bathroom 5, Bathroom 6, Kitchen, Bedroom 7, Bathroom 9, Bathroom 3
Window features
Double Pane Windows
Interior features
Quartz Counters, Recessed Lighting
Fireplace
1
Appliances
Vented Exhaust Fan, Gas Range, Water Line to Refrigerator, Dishwasher
Standard status
Active
APN
2217006047
Lot size
0.17 Acres

Utilities

Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
1988
Floors in Building
2
Number of units
3
Flooring type
Laminate
Building materials
Concrete, Stucco, Drywall Walls
Roof type
Flat
Listing agency Pinnacle Estate Properties
Listed by Gary Keshishyan · License #01276434
Added: Jun 29 Updated: Jul 21 at 4:26AM Checked: Jul 22 at 12:06AM
MLS# SR26141609

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.


Investment Insights

Based on property information with market context.

This renovated triplex building contains three residential units built in 1988. One unit offers 3 bedrooms and 2.5 bathrooms, and the other two units offer 4 bedrooms and 2 bathrooms each. Each unit features brand-new appliances and stylish new flooring, along with energy-efficient windows throughout. Bathrooms have been tastefully remodeled with contemporary finishes, and new closet doors have been added for improved functionality. Central heating and air conditioning are installed in the units.

The property is located behind a gate at 7010 Lennox Avenue in Van Nuys, California 91405, in Los Angeles County. Public remarks indicate the building is just minutes from shopping, dining, and everyday essentials.

With three well-proportioned units and recent interior improvements, this is a move-in ready multifamily opportunity in a gated setting.

Key Highlights

  • 3‑unit building built in 1988 with gated setting
  • Unit mix: one 3‑bedroom/2.5‑bath unit and two 4‑bedroom/2‑bath units
  • Each unit features central heating and central air

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $110.2k $27.00
− Vacancy −$8.4k −$2.05
EGI $101.8k $24.95
− OpEx −$30.5k −$7.48
NOI $71.3k $17.46
4,080 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.02M
$890.6K – $1.19M (±1% cap)
NOI $71,251 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$937.9K
$820.6K – $1.09M (±1% cap)
NOI $65,650 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M (±1% cap)
NOI $152,909 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Bar & Pub Supermarket (Bike/Boat/Book/etc) Store Tanning Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Restaurant Clothing & Fashion Store Electrical Service

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

FAQs

What type of property is this?
Triplex - Renovated 3-unit multifamily with central heating and air conditioning, offering a mix of 3- and 4-bedroom layouts.
Where is this triplex located?
The property is located at 7010 Lennox Avenue Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: 3‑unit building built in 1988 with gated setting; Unit mix: one 3‑bedroom/2.5‑bath unit and two 4‑bedroom/2‑bath units; Each unit features central heating and central air
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