6240 Hazeltine Avenue, Van Nuys, CA 91401
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
6240 Hazeltine Avenue,Van Nuys (los Angeles), CA 91401
$1,099,000
- 8 Beds
- - Baths
- 2,784 sq. ft.
- Multi-family
- Active
Listed by: samuel woldeyesus
Office: compass
MLS#:CROC25130493
Source:CA_BRIDGEMLS
Price summary
- Price:$1,099,000
- Price per sq. ft.:$394.76
About this home
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 Nu
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Home facts
- Year built:1955
- Listing ID #:CROC25130493
- Added:221 day(s) ago
- Updated:January 23, 2026 at 03:47 PM
Rooms and interior
- Bedrooms:8
- Living area:2,784 sq. ft.
Structure and exterior
- Year built:1955
- Building area:2,784 sq. ft.
- Lot area:0.23 Acres
Finances and disclosures
- Price:$1,099,000
- Price per sq. ft.:$394.76
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