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$2,000,000
Est. payment /mo
0.41 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25094199
HOA Y/N No
Year Built 1953
Lot Size 0.406 Acres
Property Sub-Type Apartment
Property Description
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.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
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.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LARD1.5
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2217015019
Energy Description 4720.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by James Antonucci • Keller Williams Realty-Studio City • 818-381-6601