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6240 Hazeltine Ave , Van Nuys, CA 91401
$1,049,000
Est. Payment: $5,278.40/mo
8 Bed
4 Bath
0 Sqft
Status: pending | Days on site: 183
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House 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 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.
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Highlights

Listed by Samuel Woldeyesus , 949-689-1558 Compass , 310-230-5478. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.23

County

Los Angeles

Listing ID

OC25130493

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:

Exterior Features

Zoning:Assessor
Principal Interest
$5,278
Taxes
$669

Home Price

$1,049,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$209,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,278.40

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,278.40 $668.74 $0.00 $5,947.14
Yearly $63,340.83 $8,024.85 $0.00 $71,365.68
Total $1,900,224.78 $240,745.50 $0.00 $2,140,970.28

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Van Nuys, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-08-09T02:23:19.000Z

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