CA > Van Nuys
Van Nuys, CA 91401,6240 Hazeltine Avenue
Van Nuys, CA 91401,6240 Hazeltine Avenue
Van Nuys, CA 91401,6240 Hazeltine Avenue
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$1,395,000
Est. payment /mo
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8 Beds
4 Baths
10,107 Sqft Lot
New

6240 Hazeltine Avenue Van Nuys, CA 91401

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Mike Acker

Mike Acker

+1(619) 454-0620

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25130493

Bedrooms 8

HOA Y/N No

Lot Size 10,107 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Rare LAR3 zoned development or value-add income opportunity in a prime pocket of Van Nuys. This property features four 2-bedroom, 1-bathroom cottage-style units, with three of the buildings detached, each offering private entry and attached 1-car garage and situated on a massive 10,104 sq ft lot measuring approximately 50 feet wide by 202 feet deep. The rear unit enjoys a large private backyard, ideal for owner-users or premium tenants. All units are currently occupied on month-to-month leases, generating $6,400 per month with market rents supporting potential income of $9,400 per month and representing nearly 47% upside for investors seeking immediate value-add potential. Separate gas and electric meters add flexibility for long-term investors, developers, or owner-users. The highly desirable LAR3 zoning provides multiple exit strategies, including redevelopment, small lot subdivision, or ADU expansion potential (buyer to verify). Conveniently located south of Victory Blvd and east of Van Nuys Blvd, with close proximity to freeways, schools, retail, and major employment hubs.
Rare LAR3 zoned development or value-add income opportunity in a prime pocket of Van Nuys. This property features four 2-bedroom, 1-bathroom cottage-style units, with three of the buildings detached, each offering private entry and attached 1-car garage and situated on a massive 10,104 sq ft lot measuring approximately 50 feet wide by 202 feet deep. The rear unit enjoys a large private backyard, ideal for owner-users or premium tenants. All units are currently occupied on month-to-month leases, generating $6,400 per month with market rents supporting potential income of $9,400 per month and representing nearly 47% upside for investors seeking immediate value-add potential. Separate gas and electric meters add flexibility for long-term investors, developers, or owner-users. The highly desirable LAR3 zoning provides multiple exit strategies, including redevelopment, small lot subdivision, or ADU expansion potential (buyer to verify). Conveniently located south of Victory Blvd and east of Van Nuys Blvd, with close proximity to freeways, schools, retail, and major employment hubs.

Location

State CA

County Los Angeles

Area Van Nuys (91401)

Zoning Assessor

Building

Lot Description Sidewalks

Story 1

Lot Size Range 7500-10889 SF

Others

Monthly Total Fees $41

Acceptable Financing Cash, Conventional, Exchange, FHA

Space Rent $1,194

Listing Terms Cash, Conventional, Exchange, FHA

San Diego Regional MLS (SDMLS)
Listed by Samuel Woldeyesus • Compass

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agent

Mike Acker

Agent | License ID: 01356721

+1(619) 454-0620

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6240 Hazeltine Avenue

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