- 8 Beds
- 4 Baths
- .23 Acres
- 68 DOM
6240 Hazeltine Avenue
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, 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.
Essential Information
- MLS® #OC25130493
- Price$1,249,000
- Bedrooms8
- Bathrooms4.00
- Acres0.23
- Year Built1955
- TypeResidential Income
- Sub-TypeQuadruplex
- StatusActive
Community Information
- Address6240 Hazeltine Avenue
- AreaVN - Van Nuys
- CityVan Nuys
- CountyLos Angeles
- Zip Code91401
Amenities
- Parking Spaces7
- # of Garages4
- PoolNone
Interior
- # of Stories1
Exterior
- Lot DescriptionTwoToFiveUnitsAcre
Additional Information
- Date ListedJune 15th, 2025
- Days on Market68
- ZoningLAR3
Listing Details
- AgentSamuel Woldeyesus
- OfficeCompass
Price Change History for 6240 Hazeltine Avenue, Van Nuys, (MLS® #OC25130493)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,349,000 to $1,249,000 | ||
| Price Reduced from $1,395,000 to $1,349,000 |
Samuel Woldeyesus, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of August 24th, 2025 at 9:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.