6240 Hazeltine Avenue, Van Nuys, CA 91401

$1,049,000 Approx. USD 0 beds, 0 baths

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Photo of Joscelyne Rosenfield

Marketed By Joscelyne Rosenfield REALTOR® - Broker Associate 818-266-7747 m
818-266-7747 o
818-990-4750 f
Lic#: 00938976
NRDS ID: 207077927
joscelyne1@gmail.com Encino Office
17050 Ventura Blvd, Ste. 100
Encino, CA 91316
Phone: 818-501-4800
Fax: 818-990-4750

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Agent Remarks

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 $4231 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.

Listing Details

Property type: Quadruplex (Multi-Family)

Status: Active Under Contract

MLS# OC25130493

List price is $1,049,000 Reduced by $50,000 on 2/4/2026

Price: $1,049,000

Beds: 0

Baths: 0

Built in 1955

0.23 acres

Lot size: 0.2320

County: Los Angeles