6141 Hazeltine Ave, Van Nuys, CA 91401

Property Description

Exceptional investment opportunity with strong income potential and multiple paths for future growth. This property currently features two duplexes on a generous 9,000 SQF R3 zoned lot, making it ideal for an owner/user seeking rental income, investors looking for cash flow and developers who are looking for an R3 zoned property. The front duplex includes a vacant beautifully remodeled 3+2 unit (6145 Hazeltine) with a private fenced yard and all new appliances, including an in-unit washer and dryer (ideal situation for an owner/user). The second unit, a 2+2 (6141 Hazeltine), has been tastefully updated. Both units have newer roofs and are individually metered for water, gas, and electricity, offering efficient and predictable operating costs. The rear duplex consists of two 1+1 units with private large yards each (14101 Calvert, not updated and 14103 Calvert, updated.) Both individually metered for gas and electricity (owner pays water). There is ample parking for all tenants, valuable convenience in this high demand rental market. For developers, the R3 zoning provides an excellent opportunity to build additional units or redevelop the site entirely, maximizing long term value. For buy and hold investors, the combination of updated interiors, separate metering, and strong rental demand makes this a reliable income producing asset. Located on the border of Van Nuys and Valley Glen, the property is just two blocks from Van Nuys Blvd. and close to public transportation, major freeways, and neighborhood amenities. An attractive draw for tenants and future buyers alike.