6240 Hazeltine Avenue, Van Nuys, CA 91401

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Glen Henderson

[email protected] +1(619) 889-7646

$1,099,000

Est. payment - /mo

8 Beds

4 Baths

10,107 Sqft Lot

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UPDATED:

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

Lot Size 10,107 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Conventional,Exchange,FHA

Property 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 bed 1 bath cottage style units with three detached buildings offering private entries and attached 1 car garages. Sitting on an oversized 10,107 square foot lot measuring approximately 50 feet wide by 202 feet deep. The rear unit has a large private backyard and will be delivered vacant which is ideal for an owner user or a premium tenant. All units are currently occupied on month to month leases with consistent paying tenants generating $6,591 per month with market rents supporting approximately $9,500 per month before renovations. There is meaningful upside potential for investors seeking immediate reposition opportunities. The units are separately metered for gas and electricity which adds operational flexibility for long term investors or owner users. For developers the oversized R3 lot supports approximately 12 units by right and up to approximately 20 units with TOC Tier 3 incentives which the buyer should verify. The depth of the lot provides excellent design flexibility for efficient massing site plans and potential ADU additions or small scale expansion which the buyer should verify. The property is located south of Victory Boulevard and east of Van Nuys Boulevard with close proximity to freeways schools retail transit 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

Senior Community No

Tax ID 2239013001

Acceptable Financing Cash, Conventional, Exchange, FHA

Listing Terms Cash, Conventional, Exchange, FHA

Special Listing Condition NOD Filed/Foreclosure Pnd

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Listed by Samuel Woldeyesus Compass

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

6240 Hazeltine Avenue Van Nuys, CA 91401

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information