6240 Hazeltine Avenue, Van Nuys, CA 91401

Local realty services provided by:ERA North Orange County Real Estate
6240 Hazeltine Avenue,Van Nuys, CA 91401
$1,195,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:samuel woldeyesus949-689-1558
Office:compass
MLS#:OC25130493
Source:CAREIL

Price summary

  • Price:$1,195,000

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 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

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Home facts

  • Year built:1955
  • Listing ID #:OC25130493
  • Added:121 day(s) ago
  • Updated:October 18, 2025 at 04:24 PM

Structure and exterior

  • Year built:1955
  • Lot area:0.23 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,195,000
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