6240 Hazeltine Avenue, Van Nuys, CA 91401

Local realty services provided by:ERA North Orange County Real Estate
#1#2#3
6240 Hazeltine Avenue,Van Nuys, CA 91401
$1,249,000
  • - Beds
  • - Baths
  • 2,784 sq. ft.
  • Multi-family
  • Active
Listed by:samuel woldeyesus
Office:compass
MLS#:OC25130493
Source:CRMLS

Price summary

  • Price:$1,249,000
  • Price per sq. ft.:$448.64

About this home

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

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Home facts

  • Year built:1955
  • Listing Id #:OC25130493
  • Added:63 day(s) ago
  • Updated:August 18, 2025 at 10:35 AM

Rooms and interior

  • Living area:2,784 sq. ft.

Structure and exterior

  • Year built:1955
  • Building area:2,784 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,249,000
  • Price per sq. ft.:$448.64
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