6240 Hazeltine Avenue, Van Nuys, CA 91401

• 2,784 sqft

Property Description

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 verify). Conveniently located south of Victory Blvd and east of Van Nuys Blvd, with close proximity to freeways, schools, retail, and major employment hubs.

Listing Status:

Active

Date Added:

June 15, 2025 at 05:00AM

Listing Office:

Compass : 310-230-5478

Listing Agent:

Samuel Woldeyesus : 949-689-1558

MLS ID:

OC25130493

Interior

• Laundry: None

Exterior

• Pool: None
• Parking: Parking spaces: 7

Construction

• General: 1

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: LAR32239013001

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM

This listing courtesy of Samuel Woldeyesus, Compass