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Property

Van Nuys, CA 91405 7001 Hazeltine Avenue

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Presented By: James Antonucci with Keller Williams Realty-Studio City; 818-381-6601
  • MLS# SR25094199
  • 04/29/2025
  • Request Tour
  • Request Info
  • Beds • 14
  • Baths • 2
  • SQFT • 8,150
  • Year Built • 1953

Home Details

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.
Presented By: James Antonucci with Keller Williams Realty-Studio City; 818-381-6601

Interior Features for 7001 Hazeltine Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 7001 Hazeltine Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.35
Carport Y/NNo
CityVan Nuys
Community FeaturesSuburban
CountyLos Angeles
DirectionsSouth Of Sherman Way & East Of Van Nuys Blvd
Electric Expense4720.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense4720.0
Garage Spaces0.0
Garage Y/NNo
Gross Income174216.0
HOANo
Home Warranty Y/NNo
Insurance Expense8150.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet17672.0
Lot Size UnitsSquareFeet
MLS AreaVN - Van Nuys
MaintenanceExpense6760.0
MobileHomeRemainsYNNo
Net Operating Income106920.0
New ConstructionNo
Number Of Units Total10
Operating Expense62070.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot2
Taxes$25,000
Trash Expense3600.0
Virtual TourClick here
Water Sewer Expense4720.0
Year Built1953
Year Built SourcePublicRecords
ZoningLARD1.5

Exterior for 7001 Hazeltine Avenue

Building Area Total8150.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.4057
Lot Size Area17672.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Open Parking Y/NNo
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $2,000,000
MLS#SR25094199
List Date 04/29/2025
Property Type Multi-Family
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