6240 Hazeltine Avenue, Van Nuys, CA 91401 - MLS#OC25130493

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,249,000

Est. payment | -/mo

8 Beds

4 Baths

Save

$ 1,249,000

Est. payment | -/mo

Save

8 Beds

4 Baths

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

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, 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 $9,500 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

Tax ID 2239013001

Listed by Samuel Woldeyesus Compass

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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6240 Hazeltine Avenue Van Nuys, CA 91401