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$1,235,000
Est. payment /mo
6,394 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SR25094535
HOA Y/N No
Year Built 1957
Lot Size 6,394 Sqft
Property Sub-Type Apartment
Property Description
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.
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 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.
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 LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2216002056
Energy Description 2960.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Listed by James Antonucci • Keller Williams Realty-Studio City • 818-381-6601