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.
For sale
Listing Provided by:
Samuel Woldeyesus DRE #01915193 949-689-1558,
Compass
Price cut: $100K (8/8)
$1,249,000
6240 Hazeltine Ave, Van Nuys, CA 91401
8beds
4baths
2,784sqft
Est.:
Quadruplex
Built in 1955
-- sqft lot
$1,253,300 Zestimate®
$449/sqft
$-- HOA
What's special
Private backyard
- 66 days
- on Zillow |
- 210 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: August 17, 2025 at 03:46pm
Listing Provided by:
Samuel Woldeyesus DRE #01915193 949-689-1558,
Compass
Source: CRMLS,MLS#: OC25130493
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,784
- Total interior livable area: 2,784 sqft
Property
Parking
- Total spaces: 7
- Parking features: Garage
- Garage spaces: 4
- Uncovered spaces: 3
Features
- Entry location: Multiple Entrance
- Pool features: None
Lot
- Size: 10,107 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 2239013001
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks
Location
- Region: Van Nuys
Financial & listing details
- Price per square foot: $449/sqft
- Tax assessed value: $1,264,085
- Annual tax amount: $15,660
- Date on market: 6/15/2025
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange,FHA
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