Van Nuys (los Angeles), CA 91401,6240 Hazeltine Avenue
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Van Nuys (los Angeles), CA 91401,6240 Hazeltine Avenue
Van Nuys (los Angeles), CA 91401,6240 Hazeltine Avenue
Van Nuys (los Angeles), CA 91401,6240 Hazeltine Avenue
Van Nuys (los Angeles), CA 91401,6240 Hazeltine Avenue
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Listed by Samuel Woldeyesus • Compass
$ 1,249,000
Est. payment /mo
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Active

6240 Hazeltine Avenue Van Nuys (los Angeles), CA 91401

2,784 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,784 sqft

Price per Sqft $448

MLS Listing ID CROC25130493

HOA Y/N No

Year Built 1955

Lot Size 10,107 Sqft

Property Sub-Type Quadruplex

Source Datashare California Regional

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, 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

Interior

Fireplace No

Laundry No Hookups


Bay East AOR and Contra Costa AOR
agent

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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