6240 Hazeltine Avenue

Off Market

6240 Hazeltine Avenue

Los Angeles CA 91401

10107 sq. ft.

Multi-Family

Last sold for $1,055,000

Samuel Woldeyesus, last sold this property on 28 August 2026 after 423 days on market.

Overview

Rare LAR3 zoned development or value add income opportunity in a prime pocket of Van Nuys. This property features four 2 bed 1 bath cottage style units with three detached buildings offering private entries and attached 1 car garages. Sitting on an oversized 10,107 square foot lot measuring approximately 50 feet wide by 202 feet deep. The rear unit has a large private backyard and will be delivered vacant which is ideal for an owner user or a premium tenant. All units are currently occupied on month to month leases with consistent paying tenants generating $4231 per month with market rents supporting approximately $9,500 per month before renovations. There is meaningful upside potential for investors seeking immediate reposition opportunities. The units are separately metered for gas and electricity which adds operational flexibility for long term investors or owner users. For developers the oversized R3 lot supports approximately 12 units by right and up to approximately 20 units with TOC Tier 3 incentives which the buyer should verify. The depth of the lot provides excellent design flexibility for efficient massing site plans and potential ADU additions or small scale expansion which the buyer should verify. The property is located south of Victory Boulevard and east of Van Nuys Boulevard with close proximity to freeways schools retail transit and major employment hubs.

Features

8 bedrooms

4 bathrooms

10107 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 8 bedroom multi families sold in Los Angeles over the last 12 months.

Property history for 6240 Hazeltine Avenue

2026

Sold

$1,055,000

28 Aug 2026 by Samuel Woldeyesus, of Compass

2021

Sold

$1,215,000

13 Sep 2021 by Paul Phillips, of Durus Real Estate

Happy sellers in Los Angeles

87%

87% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

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Local market activity for 8 bedroom multi families in Los Angeles

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Los Angeles for a market analysis.

Arman Grigoryan

at Keller Williams Beverly Hills

(21 reviews)

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Mike Harutunyan

at Pinnacle Estate Properties, Inc.

(106 reviews)

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Ellen Urman

at NELSON SHELTON

(10 reviews)

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Scott Gorelick

at The Agency

(2 reviews)

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Nearby agents

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Arman Grigoryan

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5 (21 reviews)
3 Reviews in Los Angeles
1 Sale in Los Angeles

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Mike Harutunyan

Sellers who recommend Mike Harutunyan have praised them for being local expert, responsive, supportive, reliable, clear communication, well-prepared, and friendly