Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7010 Lennox Ave Van Nuys, CA 91405

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,700,000

    Modern, renovated triplex with spacious units and new amenities.

    Lot size:
    0.17 Acres

    Property Features for 7010 Lennox Ave

    General Information

    Standard status
    Active
    Zoning
    Assessor
    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    Gary Keshishyan
    Gary Keshishyan
    Source: Crexi

    Listing Agency: Pinnacle Estate Properties Northridge Listing Agent: Gary Keshishyan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Triplex in Van Nuys

    This renovated triplex, constructed in 1988, features three units. One unit offers 3 bedrooms and 2.5 bathrooms, while the other two units each contain 4 bedrooms and 2 bathrooms. Each of the units spans 1,360 square feet. The units feature new appliances, new flooring, and energy-efficient windows. The 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 located in Van Nuys, close to shopping, dining, and other everyday essentials.
    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

    Nearby Similar for Sale

    • New
      $350,000

      Subway Franchise Opportunity in Sherman Oaks

      Established Subway franchise for sale in prime Sherman Oaks location.
      14344 Ventura Blvd, Sherman Oaks, CA 91604
      View Details
    • $3,199,000
      7,250 SF

      Van Nuys Commercial Property For Sale

      Unique property in high-traffic area, ideal for various commercial uses.
      6265 Van Nuys Blvd, Van Nuys, CA 91401
      View Details
    • $370,000
      1,230 SF

      Profitable Medical Spa in Encino

      Fully operational medical spa with premium equipment and established clientele.
      17071 Ventura Blvd, Encino, CA 91316
      View Details
    • New
      $2,900,000
      10,793 SF

      Van Nuys Multifamily Investment Opportunity

      Multifamily property in a high-demand rental corridor.
      13825 Vanowen St, Van Nuys, CA 91405
      View Details
    • $120,000

      Established Auto Body Repair Business

      Turnkey auto body and collision repair business in Van Nuys.
      14701 Calvert St, Van Nuys, CA 91411
      View Details
    • $928,000
      1,742 SF

      Commercial Property on Sepulveda Boulevard

      Commercial property in high-traffic area with excellent visibility.
      7214 Sepulveda Blvd, Van Nuys, CA 91405
      View Details
    • $210,000

      Established Laser Hair Removal Business

      Profitable laser hair removal business in prime Sherman Oaks location.
      4419 Van Nuys Blvd, Sherman Oaks, CA 91403
      View Details
    • $450,000

      Profitable Dental Practice Opportunity

      Established dental practice for sale in Van Nuys shopping center.
      17607 Sherman Way, Van Nuys, CA 91406
      View Details
    • $2,500,000
      3,672 SF

      Van Nuys Triplex on Large Lot

      Triplex in Valley Glen with rental income potential.
      6118 Ethel Ave, Van Nuys, CA 91401
      View Details
    • New
      $3,150,000
      7,180 SF

      Valley Glen Townhome-Style Quadplex

      Four townhome-style units with yards in Valley Glen.
      13822 Oxnard St, Van Nuys, CA 91401
      View Details
    • $159,999

      Turn-Key Restaurant in Van Nuys

      Fully operational Mexican restaurant for sale in Van Nuys.
      7213 Balboa Blvd, Van Nuys, CA 91406
      View Details
    • $2,700,000
      4,080 SF

      Renovated Triplex in Van Nuys

      Modern, renovated triplex featuring spacious units and contemporary finishes.
      7010 Lennox Ave, Van Nuys, CA 91405
      View Details

    FAQs

    What type of property is this?
    Triplex - Modern, renovated triplex with spacious units and new amenities.
    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: - Renovated 3-unit building with spacious 1,360 sq ft units.; - Each unit features brand-new appliances, stylish new flooring, and energy-efficient windows.; - Tastefully remodeled bathrooms with contemporary finishes.
    (818) 606-6069
    Request Owner's contact information
    7010 Lennox Ave Van Nuys, CA 91405
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7010 Lennox Ave
    Van Nuys, CA 91405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gary Keshishyan
    Gary Keshishyan
    Real Estate License ID: 01276434
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!