6240 Hazeltine Avenue Open House Save Request In-Person Tour Request Virtual Tour
Van Nuys (los Angeles),CA 91401
OPEN HOUSE
Sun Aug 17, 1:00pm - 3:00pm
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
Bedrooms 8
Year Built 1955
Lot Size 10,107 Sqft
Property Sub-Type Quadruplex
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
Zoning LAR3
Interior
Laundry No Hookups
Exterior
Exterior Feature Other
Building
New Construction No