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.
Property Details
Price:
$1,249,000
MLS #:
OC25130493
Status:
Active
Baths:
0
Address:
6240 Hazeltine Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
vnvannuys
City:
Van Nuys
Listed Date:
Jun 15, 2025
State:
CA
ZIP:
91401
Lot Size:
10,107 sqft / 0.23 acres (approx)
Year Built:
1955
See this Listing
Mortgage Calculator
Schools
Interior
Laundry Features
None
Exterior
Community Features
Sidewalks, Street Lights
Parking Spots
7.00
Financial
Map
Community
- Address6240 Hazeltine Avenue Van Nuys CA
- AreaVN – Van Nuys
- CityVan Nuys
- CountyLos Angeles
- Zip Code91401
Similar Listings Nearby
- 5707 Tilden Avenue
Sherman Oaks, CA$1,615,000
0.81 miles away
- 14830 Parthenia Street
Panorama City, CA$1,610,000
3.18 miles away
- 11636 Valley Spring Lane
Studio City, CA$1,600,000
3.96 miles away
- 5722 Kester Avenue
Van Nuys, CA$1,599,000
1.19 miles away
- 7107 Coldwater Canyon Avenue
North Hollywood, CA$1,585,000
1.81 miles away
- 14206 Calvert Street
Van Nuys, CA$1,550,000
0.24 miles away
- 13536 Remington Street
Pacoima, CA$1,550,000
4.80 miles away
- 14151 Moorpark Street
Sherman Oaks, CA$1,550,000
2.28 miles away
- 7348 Ventura Canyon Avenue
Van Nuys, CA$1,500,000
1.56 miles away
- 14703 Victory Boulevard
Van Nuys, CA$1,500,000
0.81 miles away

6240 Hazeltine Avenue
Van Nuys, CA
LIGHTBOX-IMAGES