7001 Hazeltine Ave - Apartments FOR SALE


Van Nuys, CA 91405
$2,000,000 USD
818-381-6601
7001 Hazeltine Ave, Van Nuys, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/32
null | 5.35% Cap Rate

7001 Hazeltine Ave
Van Nuys, CA 91405


HIGHLIGHTS

  • Great Van Nuys Location
  • Individually Metered For Gas And Electric
  • Corner Lot
  • Tremendous Rental Upside
  • High Demand Rental Location
  • On-Site Parking

OVERVIEW

Situated on a large double lot at 7001 Hazeltine Ave, this well-maintained 10-unit property presents an outstanding opportunity for investors looking to acquire a multifamily asset in a high-demand rental market. The property offers a desirable unit mix of six 1-bedroom, 1-bath units and four 2-bedroom, 1-bath units, catering to a broad tenant base. Positioned on a high-visibility corner lot, the building features on-site parking with storage, a highly sought-after amenity in the area. The property is individually metered for gas and electricity, ensuring lower operating costs, and includes on-site laundry facilities for tenant convenience. With a tremendous rental upside, investors have the opportunity to increase revenue while benefiting from a consistently strong rental market. Located in the heart of Van Nuys, this property offers easy access to major transportation hubs and shopping destinations. The Van Nuys Transit Station is just minutes away, while the I-405 and CA-170 freeways provide seamless connectivity throughout Los Angeles. Tenants will appreciate the convenience of nearby retail and service centers, including Panorama Mall, Van Nuys DMV, Van Nuys Costco, and Los Angeles Valley College. With strong tenant demand, future income growth potential, and an unbeatable location, 7001 Hazeltine Ave is an ideal investment for those seeking long-term value in a thriving neighborhood.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

10

PRICE/UNIT

$200,000

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

1953

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,672 SF

ZONING

LAR1

APN/PARCEL ID

2217-015-019

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.