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  • 7222 Tyrone Avenue

7222 Tyrone Avenue, Van Nuys, CA 91405

$1,350,000 Approx. USD 0 beds, 0 baths
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Photo of Chase Ora

Chase Ora REALTOR® - Sales Associate 949-584-6237 m
949-315-3022 f
Lic#: 01793537
NRDS ID: 205530458
Chase@TheOraGroup.com Text Me
Call My Cell
949-315-3022 f
Lic#: 01793537
NRDS ID: 205530458
Chase@TheOraGroup.com Laguna Niguel Office
30221 Golden Lantern, Ste. A-B
Laguna Niguel, CA 92677
Phone: 949-495-1800
Fax: 949-249-9064
 Laguna Niguel 30221 Golden Lantern, Ste. A-B
Laguna Niguel, CA 92677
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Fax: 949-249-9064
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| skeshishian@marcusmillichap.com
Lic#: 01887505
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2694

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 26663897
Price: $1,350,000
Beds: 0
Baths: 0
0.16 acres
Lot size: 0.1550
County: Los Angeles
Zoning: LAR1
MLS area: VN - Van Nuys

Last Updated: 6/10/2026

 Days On Market (DOM): 154

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This listing belongs to the VN - Van Nuys MLS area

Lat/Long: 34.201840, -118.444037.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Chase Ora

Chase Ora REALTOR® - Sales Associate 949-584-6237 m
949-315-3022 f
Lic#: 01793537
NRDS ID: 205530458
Chase@TheOraGroup.com Text Me
Call My Cell
949-315-3022 f
Lic#: 01793537
NRDS ID: 205530458
Chase@TheOraGroup.com
Laguna Niguel Office
30221 Golden Lantern, Ste. A-B
Laguna Niguel, CA 92677
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