6860-6870 Hazeltine Ave - Apartments FOR SALE


Van Nuys, CA 91405
$2,235,000 USD
818-381-6601
6860-6870 Hazeltine Ave, Van Nuys, CA for Sale
$2,235,000 USD
Apartments - FOR SALE
1/55
null | 5.35% Cap Rate

6860-6870 Hazeltine Ave
Van Nuys, CA 91405


HIGHLIGHTS

  • Great Van Nuys Location
  • ADU Potential
  • Large Double Lot
  • Transit/Shopping Access
  • High Demand Rental Location
  • On-Site Parking

OVERVIEW

Located in a high-demand rental market, 6860 Hazeltine Ave presents an exceptional opportunity for investors looking to acquire a well-maintained multifamily property with strong upside potential. This 11-unit building features a desirable unit mix of three 1-bedroom, 1-bath units and eight 2-bedroom, 1-bath units, catering to a diverse tenant base. Situated on a large double lot, the property offers on-site parking and the potential to add an Accessory Dwelling Unit (ADU) for increased rental income. The building is individually metered for gas and electricity, reducing owner expenses, and has been upgraded with copper plumbing for long-term durability. On-site laundry facilities provide added convenience for tenants, enhancing the property’s appeal. With a tremendous rental upside, this asset offers an excellent opportunity to increase returns over time. Strategically located, the property offers easy access to major freeways, including the CA-170 and I-5, making commuting throughout Los Angeles effortless. Tenants will appreciate the proximity to major retail and transit hubs, including Van Nuys Transit Station, Panorama Mall, and Costco Van Nuys. Additionally, Los Angeles Valley College is just a short distance away, making this a great option for students and faculty seeking convenient housing. With its prime location, strong tenant demand, and value-add potential, 6860 Hazeltine Ave is an ideal investment opportunity in a thriving Van Nuys neighborhood.

FOR SALE DETAILS

PRICE

$2,235,000 USD

PRICE/SF

$278 USD /SF

# OF UNITS

11

PRICE/UNIT

$203,182

CAP RATE

5.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

R3-1, Van Nuys

APN/PARCEL ID

2216-013-014

ASK ABOUT THIS PROPERTY

James AntonucciAPLA GROUPMore Info
818-381-6601

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James AntonucciAPLA GROUPMore Info
818-381-6601

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.