We are pleased to to market for sale a development opportunity at 7222 Tyrone Ave, a fully entitled multifamily development site located in the high rental demand neighborhood of Van Nuys, California. This offering presents a chance for a developer to acquire a project with approvals in place for an 11-unit modern apartment building spanning four stories above grade with 10 market-rate units and 1 unit designated for a Very Low-Income tenant. This 13,333 square foot project will have a unit mix consisting of 6 one-bedroom/one bathroom units, 3 two-bedroom/one-bathroom units, and 1 two-bedroom/two-bathroom units with 10 on-grade parking spaces. The property will be delivered "RTI" and shovel ready at the close of escrow. This 6,750 square foot corner lot near the intersection of Sherman Way and Tyrone Ave is currently a vacant single-family residence. The current approvals encompass a well-designed mix of one-bedroom, two-bedroom, and three-bedroom units complete with on-grade parking. This project represents an ideal opportunity for a local developer looking to build immediately in an area that is deficient in new single-family home construction and boasts a very high rental demand for apartment units. The property's proximity to a major thoroughfare provides excellent accessibility, while strong rental market fundamentals support robust demand for quality multifamily housing in Van Nuys.
Lot/land
$1,350,000
7222 Tyrone Ave, Van Nuys, CA 91405
--beds
--baths
6,751Square Feet
Unimproved Land
Built in ----
6,751 Square Feet Lot
$892,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 134 days |
- 39 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Sevak Keshishian DRE # 01887505 818-726-0922,
Marcus & Millichap 818-212-2700
Source: CLAW,MLS#: 26663897
Facts & features
Property
Features
- Has view: Yes
- View description: None
Lot
- Size: 6,751 Square Feet
- Dimensions: 50 x 135
Details
- Parcel number: 2217025013
- Zoning: LAR1
- Special conditions: Standard
Community & HOA
Location
- Region: Van Nuys
Financial & listing details
- Tax assessed value: $785,843
- Annual tax amount: $9,770
- Date on market: 3/12/2026
Estimated market value
$892,600
$803,000 - $982,000
$5,554/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Listed for sale | $1,350,000+86% |
Source:  CLAW #26663897 Report a problem | ||
| 7/29/2020 | Sold | $726,000+3.9% |
Source: Public Record Report a problem | ||
| 6/24/2020 | Pending sale | $699,000 |
Source: Century 21 Plaza #SR20110106 Report a problem | ||
| 6/8/2020 | Listed for sale | $699,000+254.8% |
Source: Century 21 Plaza #SR20110106 Report a problem | ||
| 2/6/2002 | Sold | $197,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,770 +1.4% | $785,843 +2% |
| 2024 | $9,640 +1.9% | $770,435 +2% |
| 2023 | $9,456 +4.8% | $755,329 +2% |
| 2022 | $9,021 +1.3% | $740,520 +2% |
| 2021 | $8,905 -0.8% | $726,000 +18.2% |
| 2020 | $8,975 +16% | $614,089 +2% |
| 2019 | $7,739 +5.6% | $602,049 +2% |
| 2018 | $7,331 | $590,245 +2% |
| 2017 | $7,331 +2.2% | $578,672 +2% |
| 2016 | $7,172 +2.5% | $567,327 +1.5% |
| 2015 | $6,996 +27.4% | $558,806 +29.9% |
| 2014 | $5,490 | $430,300 |
| 2012 | -- | $430,300 |
| 2011 | -- | $430,300 |
| 2010 | -- | $430,300 |
| 2009 | -- | $430,300 -15.8% |
| 2008 | -- | $511,304 +46.2% |
| 2007 | -- | $349,624 +2% |
| 2006 | -- | $342,769 +61% |
| 2005 | -- | $212,959 +4% |
| 2004 | -- | $204,691 +1.9% |
| 2003 | -- | $200,940 +8.3% |
| 2002 | -- | $185,530 +38.5% |
| 2000 | -- | $134,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Van Nuys
Nearby schools
GreatSchools rating
- 5/10Hazeltine Avenue Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Robert Fulton College Preparatory SchoolGrades: 6-12Distance: 0.9 mi
- 4/10Panorama High SchoolGrades: 9-12Distance: 1.1 mi
- $746,6002 bd2 ba1.3k sqft7228 Tyrone Ave, Van Nuys, CA 91405Off Market
- $746,4002 bd1 ba1.3k sqft7234 Tyrone Ave, Van Nuys, CA 91405Off Market
- $--2 bd2 ba-- sqft14249 Sherman Way #F320A52C6, Van Nuys, CA 91405Off Market
- $--1 bd1 ba-- sqft14249 Sherman Way #776F18CCB, Van Nuys, CA 91405Off Market
- $--1 bd1 ba-- sqft14249 Sherman Way #1, Van Nuys, CA 91405Off Market
- $541,3002 bd3 ba1.5k sqft14239 Sherman Way APT 1, Los angeles, CA 91405Off Market
- $567,8003 bd3 ba1.5k sqft14239 Sherman Way APT 2, Los angeles, CA 91405Off Market
- $541,2002 bd3 ba1.5k sqft14239 Sherman Way APT 4, Los angeles, CA 91405Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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