7222 Tyrone Avenue, Van Nuys (los Angeles), CA 91405

Property Description

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 accessibil

Listing Status:

Active

Date Added:

March 12, 2026

Data Last Updated:

April 17, 2026 at 10:09PM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Sevak Keshishian : 818-212-2694

MLS ID:

CL26663897

Location

• County: Los Angeles

Lot

• Zoning: LAR12217025013
• View: None