5840 Hazeltine - SALE PENDING

 

5840 Hazeltine Ave. | Van Nuys, California | 91401

$2,600,000

7.jpg

ABOUT

  • Property Type: Multifamily Apartments
  • Units: 10
  • Unit Mix: (7) 1+1’s, (2) 2+1’s, (1) 3+2
  • Rentable Area: 10,316 Sq Ft
  • Land Area: 11,998 Sq Ft
  • Parking: 10 Spaces
  • Parcel Info: 2246-016-022 | Zoning: LAR3
  • Built: 1958

AGENT

 

ADDITIONAL INFORMATION

Prime Location - North of Burbank Blvd, 1.5 blocks south of Oxnard St. Minutes away from the Van Nuys Airport and Balboa Park

Favorable Unit Mix - More than half of the building is comprised of 1+1 units. Two of the 10 units are 2+1’s, one unit is a 3+2

Large Units - Blended unit measurements come in at 1031 square feet each – providing scale to owner and comfortability to tenants

Onsite Amenities - Gated-entry laundry, parking in front and from alleyway, manicured swimming pool and outdoor patio areas

Soft-Story Retrofitting - The property is currently undergoing seismic retrofitting for parking at the front and rear of structure.

Value Add Potential - Up to 30% upside in rents based on future upgrades and turnover

5840 Hazeltine.jpg