Renovated 3-Unit
For Sale
$2,175,000
7010 Lennox Avenue, Van Nuys, CA 91405
A gated residential property offers updated appliances, flooring, windows, bathrooms, and central heating and air conditioning.
Property Size4,080 SF
Price / SF$533.09
Days on Market121
Property Features for 7010 Lennox Avenue
General Information
Standard status
Active
Size
4,080 SF
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/2.5BA, 2 x 4BR/2BA
Multifamily Units
3
Building Details
Building Size
4,080 SF
Year Built
1988
Buildings
1
Listing Agency:
Pinnacle Estate Properties
(818) 606-6069
Listed By:
Gary Keshishyan · License #01276434
(818) 534-4451
Source:
Brandolinogroup
Added: Jun 29
Changed: Oct 26
Last Checked: Oct 26 at 3:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Estate Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Van Nuys triplex contains three units totaling 4,080 square feet, with each residence measuring 1,360 square feet. The unit mix includes one with three bedrooms and 2.5 bathrooms, plus two with four bedrooms and two bathrooms each. Built in 1988, the property has undergone renovations that include updated appliances, flooring, closet doors, and remodeled bathrooms, along with energy-efficient windows and new central heating and air conditioning. The buildings sit behind a gate.
Key Highlights
- Three units totaling 4,080 square feet
- Each unit measures 1,360 square feet
- Unit mix: one 3‑bedroom, 2.5‑bath unit and two 4‑bedroom, 2‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,251
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,425,020
$1.4M
Cap Rate 7%
$1,017,871
$1.0M
Cap Rate 9%
$791,678
$791.7K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$110.2K $27.00/SF
− Vacancy
−$8.4K −$2.05/SF
EGI
$101.8K $24.95/SF
− OpEx
−$30.5K −$7.48/SF
NOI
$71.3K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,425,020
Cap Rate 7%
$1,017,871
Cap Rate 9%
$791,678
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$890.6K – $1.19M
NOI $71,251 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$937.9K
$820.6K – $1.09M
NOI $65,650 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,909 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 91405, CA
55,319
Population
19,822
Households
2.8
Avg Household Size
36
Median Age
26%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
16,270
Density / Sq Mi
$61,207
Median Household Income
$34,833
Median Earnings
$1,736
Median Rent
$698,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - A gated residential property offers updated appliances, flooring, windows, bathrooms, and central heating and air conditioning.
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: Three units totaling 4,080 square feet; Each unit measures 1,360 square feet; Unit mix: one 3‑bedroom, 2.5‑bath unit and two 4‑bedroom, 2‑bath units
