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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,249,000

Est. payment - /mo

10,105 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25130493

HOA Y/N No

Year Built 1955

Lot Size 10,105 Sqft

Property Sub-Type Quadruplex

Property Description

Rare LAR3 zoned development or value-add income opportunity in a prime pocket of Van Nuys. This property features four 2-bedroom, 1-bathroom cottage-style units, with three of the buildings detached, each offering private entry and attached 1-car garage and situated on an oversized 10,104 sq ft lot measuring approximately 50 feet wide by 202 feet deep. The rear unit enjoys a large private backyard, ideal for owner-users or premium tenants. All units are currently occupied on month-to-month leases with consistent paying tenants, generating $6,400 per month with market rents supporting potential income of $9,500 per month and representing nearly 48% upside for investors seeking immediate value-add potential. Separate gas and electric meters add flexibility for long-term investors, developers, or owner-users. The highly desirable LAR3 zoning provides multiple exit strategies, including redevelopment, small lot subdivision, or ADU expansion potential (buyer to verify). Conveniently located south of Victory Blvd and east of Van Nuys Blvd, with close proximity to freeways, schools, retail, and major employment hubs.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning LAR3

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2239013001

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA

Special Listing Condition Standard

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Listed by Samuel Woldeyesus Compass 949-689-1558

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6240 Hazeltine AVE Van Nuys, CA 91401