6240 Hazeltine Avenue, Van Nuys, CA 91401 – OC25130493

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Nov

Tue

Nov

Wed

Nov

Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$1,195,000

Est. payment - /mo

8 Beds

10,107 Sqft Lot

Save

UPDATED:

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

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 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

Zoning Assessor

Direction South of Victory & East of Van Nuys

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 2239013001

Acceptable Financing Cash, Conventional, Exchange, FHA

Listing Terms Cash, Conventional, Exchange, FHA

Read Less Info

Listed by Samuel Woldeyesus Compass

Get More Information

Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

Quick Search

6240 Hazeltine Avenue Van Nuys, CA 91401

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

Get More Information