Homes for sale - 5915 Hazeltine AVE, Van Nuys, CA 91401

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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 1,295,000

Est. payment -/mo

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Active

5915 Hazeltine AVE Van Nuys, CA 91401

2,965 SqFt

UPDATED:

10/09/2024 10:33 PM

Key Details

Property Type Commercial

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 2,965 sqft

Price per Sqft $436

MLS Listing ID CV24202513

HOA Y/N No

Year Built 1937

Lot Size 6,046 Sqft

Acres 0.1388

Property Description

We are proud to present this 7-unit apartment building in an excellent Van Nuys location mere blocks from Sherman Oaks. The property is subject to LACity Rent Control. There is an excellent unit mix that includes (1) 3 bedroom and 2 bath one story apartment home with private yard and (6) single units. Residents enjoy parking as well as on-site laundry facility. The property is minutes from the Sheman Oaks Recreation Center and Westfield Fashion Square. Access to the 101 and 405 Freeway's is nearby, which provides easy access to the surrounding area and job opportunities. This is a great opportunity to own a well-located building with great upside potential and exellent cap rate!!

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning LARD1.5

Interior

Laundry Common Area

Exterior

Pool None

Community Features Suburban

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Confidential INFO

TERMS Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS The single units provide excellent opportunity for quicker turn overs providing opportunity to keep up with market rents as well higher allowable rent increases due to master meters for single units (buyer to verify). Projecting GRM of 11.00 and cap of 5.60 with next rent increase (buyer to verify)

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Ken Mazanians

SHOW CONTACT PH 9096309342

SHOW INSTRUCTIONS By Appointment with Listing Agent with accepted offer.

Listed by REALTY ONE GROUP MASTERS

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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