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Kenny Patrick

kenny@kennypatrick.com +1(619) 300-5535

$ 1,099,000

Est. payment -/mo

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Price Dropped by $96K

6240 Hazeltine AVE Van Nuys, CA 91401

10,105 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25130493

HOA Y/N No

Year Built 1955

Lot Size 10,105 Sqft

Property Sub-Type Quadruplex

Property Description

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 proximity to freeways schools retail transit and major employment hubs.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning LAR3

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2239013001

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA

Special Listing Condition Notice Of Default

Listed by Samuel Woldeyesus Compass 949-689-1558

Kenny Patrick

Agent | License ID: 02001728

+1(619) 300-5535

Kenny Patrick

6240 Hazeltine AVE Van Nuys, CA 91401

Key Details

Location

Interior

Exterior

Building

Others

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6240 Hazeltine AVE