10
See all 10 photos
$1,249,000
Est. payment /mo
8 Beds
2,784 SqFt
Open Sun 1PM-3PM
6240 Hazeltine Avenue Van Nuys (los Angeles), CA 91401
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Sun Aug 17, 1:00pm - 3:00pm
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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
HOA Y/N No
Year Built 1955
Lot Size 10,107 Sqft
Acres 0.23
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
Fireplace No
Laundry No Hookups
Exterior
Exterior Feature Other
Total Parking Spaces 7
Building
New Construction No
Others
Tax ID 2239013001
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Listed by Samuel Woldeyesus • Compass
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289