$1,425,000
Exceptional investment opportunity with strong income potential and multiple paths for future growth. This property features two duplexes on a generous 9,000 SQF R3 zoned lot, making it ideal for investors, developers, or an owner user seeking rental income. The front duplex includes a vacant beautifully remodeled 3+2 unit (6145 Hazeltine) with a private fenced yard and all new appliances, including an in-unit washer and dryer (this can be an ideal situation for an owner/user). The second unit, a 2+2 (6141 Hazeltine), has been tastefully updated. Both units have newer roofs and are individually metered for water, gas, and electricity, offering efficient and predictable operating costs. The rear duplex consists of two 1+1 units (14101 Calvert, not updated and 14103 Calvert, updated) individually metered for gas and electricity (owner pays water). There is ample parking for all tenants, valuable convenience in this high demand rental market. For developers, the R3 zoning provides an excellent opportunity to build additional units or redevelop the site entirely, maximizing long term value. For buy and hold investors, the combination of updated interiors, separate metering, and strong rental demand makes this a reliable income producing asset. Located on the border of Van Nuys and Valley Glen, the property is just two blocks from Van Nuys Blvd. and close to public transportation, major freeways, and neighborhood amenities. An attractive draw for tenants and future buyers alike.
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Listed by Ron Wolotzky with Rodeo Realty (310) 724-7100
Property Type
Residential Income
Status
Active
MLS Number
26669539
Year Built
1953
Lot Size
9,008 sq ft