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Listed by Samuel Woldeyesus • Compass
$ 1,195,000
Est. payment /mo
Price Dropped by $30K
6240 Hazeltine AVE Van Nuys, CA 91401
10,107 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25130493
Year Built 1955
Lot Size 10,107 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 an oversized 10,104 sq ft lot measuring approximately 50 feet wide by 202 feet deep. The rear unit enjoys a large private backyard and will be DELIVERED VACANT, ideal for owner-users or premium tenants. All units are currently occupied on month-to-month leases with consistent paying tenants, generating $6,400 per month with market rents supporting potential income of $9,500 per month and representing nearly 48% 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 Vn - Van Nuys
Interior
Laundry None
Exterior
Garage Spaces 7.0
Pool None
Building
Water District - Public
Others
Tax ID 2239013001
Special Listing Condition Not Applicable
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