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About the Listing OC07858 - OCWOLDSAM
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.
Listing Highlights for 6240 Hazeltine Ave
Status
Active
Days on Site
84
Property Type
Multi-Family
MLS ®
OC25130493
Year Built
1955
Total Square Footage
2,784
Lot/Acreage
0.23
County
Los Angeles
Area
VN - Van Nuys
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,Lot 10000-19999 Sqft,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 7
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2239013001
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
6240 Hazeltine Ave Van Nuys, CA 91401
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