Property Details
About this Property
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 10107 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 6400 per month with market rents supporting approximately 9500 per month. 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
MLS Listing Information
MLS #
CROC25130493
MLS Source
California Regional MLS
Days on Site
173
Interior Features
Laundry
None
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 4 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
6240 Hazeltine Ave is a Residential Income in Van Nuys, CA 91401. This – square foot property sits on a 10,107 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,099,000 and was built in 1955. This address can also be written as 6240 Hazeltine Ave, Van Nuys, CA 91401.
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This listing information is up-to-date as of November 19, 2025. For the most current information, please contact Samuel Woldeyesus, (949) 689-1558
