6240 Hazeltine Avenue, Van Nuys, CA 91401

Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
#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:67 day(s) ago
  • Updated:August 22, 2025 at 04:42 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
Based on information from California Regional Multiple Listing Service, Inc. as of August 22, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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