7224 Hazeltine Ave - Apartments FOR SALE


Van Nuys, CA 91405
$1,235,000 USD
818-381-6601
7224 Hazeltine Ave, Van Nuys, CA for Sale
$1,235,000 USD
Apartments - FOR SALE
1/37
null | 5.26% Cap Rate

7224 Hazeltine Ave
Van Nuys, CA 91405


HIGHLIGHTS

  • Copper Plumbing
  • New Roof In 2023
  • Individually Metered For Gas & Electric
  • Rental Upside
  • High Demand Rental Location
  • I-405 & CA-170 Freeway Nearby

OVERVIEW

Located in a high-demand rental market, 7224 Hazeltine Ave presents an exceptional opportunity for investors seeking a well-maintained multifamily property with strong income potential. This six-unit building features a desirable unit mix of two 1-bedroom, 1-bath units and four 2-bedroom, 1-bath units, appealing to a broad tenant base. With on-site parking and storage, residents enjoy added convenience, enhancing the property’s long-term rental appeal. The building has been upgraded for efficiency and durability, including a new roof installed in 2023 and copper plumbing, ensuring lower maintenance costs for years to come. Additionally, the property is individually metered for gas and electricity, allowing for reduced owner expenses. On-site laundry facilities provide further tenant convenience, adding to the property’s desirability. Strategically located, the property offers easy access to major freeways, including the I-405 and CA-170, making it a prime spot for commuters. The Van Nuys Transit Station is just minutes away, and tenants will appreciate the convenience of nearby shopping, dining, and services, including Panorama Mall, Van Nuys DMV, and Los Angeles Valley College. With strong rental demand and tremendous upside potential, investors have the opportunity to increase returns over time. With modern upgrades, excellent location, and future income growth potential, 7224 Hazeltine Ave is a standout investment opportunity in Van Nuys.

FOR SALE DETAILS

PRICE

$1,235,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

6

PRICE/UNIT

$205,833

CAP RATE

5.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,396 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2216-002-056

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.