Homes for sale - 6240 Hazeltine AVE, Van Nuys, CA 91401

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Samuel Woldeyesus • Compass

$1,395,000

Est. payment - /mo

10,107 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC25130493

Year Built 1955

Lot Size 10,107 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

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 a massive 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 $9,400 per month and representing nearly 47% 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

Area Vn - Van Nuys

Interior

Laundry None

Exterior

Garage Spaces 7.0

Pool None

Building

Water District - Public

Others

Tax ID 2239013001

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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6240 Hazeltine AVE Van Nuys, CA 91401

JLee Broker

Key Details

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Exterior

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