Multi-Tenant Small-Bay Industrial
New
For Sale
$5,300,000
7943 Haskell Ave, Van Nuys, CA 91406
Month-to-month occupancy across 32 units offers flexibility in lease terms and tenant turnover.
Property Size19,472 SF
Lot Size1.04 Acres
Price / SF$272.19
Days on Market2
Property Features for 7943 Haskell Ave
General Information
Standard status
Active
Size
19,472 SF
Lot size
1.04 Acres
Property subtype
Warehouse
Zoning
M2-1
Occupancy
100%
Net Operating Income
$278,507
Financials
Asking Price
$5,300,000
Cap Rate
5.25%
Gross Income
$430,080
Warehouse & Industrial
Clear Height
11 ft
Three-Phase Power
Yes
Amenities
32 individual incubator industrial units occupied by 26 tenants, creating a diversified small-bay income stream with limited exposure to any single tenant.
All tenants are month-to-month, providing an incoming investor with immediate flexibility to adjust rents and lease terms as market conditions permit.
Annual base rental income of $430,080 compared with pro forma base rental income of $518,400, increasing the underwriting capitalization rate from approximately 5.25% to 6.80%.
Small-bay configuration featuring 11-foot clear heights, grade-level loading doors, small office areas, separately metered electricity, approximately 100 amps of single- and three-phase power per unit, and four common-area restrooms.
Located on Haskell Avenue, south of Strathern Street, near Van Nuys Airport and within an established concentration of industrial businesses.
Immediate access to the 405, 101, 170, and 5 Freeways, providing efficient connectivity throughout the San Fernando Valley, Greater Los Angeles, and Southern California.
Industrial zoning provides flexibility for a range of industrial and service uses, subject to buyer verification.
May be acquired separately or together with nearby 15828-15838 Arminta Street, Van Nuys, CA.
Building Details
Building Size
19,472 SF
Year Built
1954
Buildings
4
Tenancy
Multi
Listing Agency:
Encino Office
Listed By:
Lucas Mitchell · License #License(s): CA: 02241581
(818) 212-2695
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 7 at 2:41PM
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 Encino Office
Investment Insights
Based on property information with market context.
This 1954 industrial property comprises four buildings with 19,472 square feet on approximately 1.04 acres. Its 32 units are occupied by 26 tenants, with bays of approximately 600 square feet. Features include 11-foot clear heights, grade-level loading doors, small office areas, four shared restrooms, separately metered electricity, and approximately 100 amps of single- and three-phase power per unit. On-site parking serves the property, which is zoned M2-1.
Located at 7943 Haskell Ave in Van Nuys, the property is south of Strathern Street. Occupancy is 100%, and all tenants are on month-to-month arrangements. Tenants currently do not reimburse CAM expenses.
Located at 7943 Haskell Ave in Van Nuys, the property is south of Strathern Street. Occupancy is 100%, and all tenants are on month-to-month arrangements. Tenants currently do not reimburse CAM expenses.
Key Highlights
- 19,472 square feet across four buildings on approximately 1.04 acres
- 32 industrial units occupied by 26 tenants; all are month‑to‑month
- Approximately 600 square feet per bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$253,368
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,067,360
$5.1M
Cap Rate 7%
$3,619,543
$3.6M
Cap Rate 9%
$2,815,200
$2.8M
Market Conditions
NOI Build-Up for 19,472 SF
Gross rent
$313.1K $16.08/SF
− Vacancy
−$15.0K −$0.77/SF
EGI
$298.1K $15.31/SF
− OpEx
−$44.7K −$2.30/SF
NOI
$253.4K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,067,360
Cap Rate 7%
$3,619,543
Cap Rate 9%
$2,815,200
Alternative Uses
Best Use
Warehouse
$3.62M
$3.17M – $4.22M
NOI $253,368 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.43M
$9.12M – $12.16M
NOI $729,766 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
11 ft
Clear height
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,737
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91406, CA
53,252
Population
19,650
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
8.1 sq mi
ZIP Area
6,574
Density / Sq Mi
$76,653
Median Household Income
$41,469
Median Earnings
$1,859
Median Rent
$765,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
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- Southwest Mobile Storage Inc — 16153 Cohasset St, Los Angeles, CA 91406
- Nice Jewish Boy Moving & Storage — 7635 Haskell Ave, Van Nuys, CA 91406
Frequently Asked Questions
What type of property is this?
Warehouse - Month-to-month occupancy across 32 units offers flexibility in lease terms and tenant turnover.
Where is this warehouse located?
The property is located at 7943 Haskell Ave Van Nuys, CA.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 19,472 square feet across four buildings on approximately 1.04 acres; 32 industrial units occupied by 26 tenants; all are month‑to‑month; Approximately 600 square feet per bay
