Van Nuys, CA 91405 7224 Hazeltine Avenue

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Presented By: James Antonucci with Keller Williams Realty-Studio City; 818-381-6601
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SR25094535
  • 04/29/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 2
  • Baths • 1
  • SQFT • 4,730

Home Details

Located in a high-demand rental market, 7224 Hazeltine Ave presents an exceptional opportunity for investors seeking a well-maintained multifamily property with strong income potential. This six-unit building features a desirable unit mix of two 1-bedroom, 1-bath units and four 2-bedroom, 1-bath units, appealing to a broad tenant base. With on-site parking and storage, residents enjoy added convenience, enhancing the property’s long-term rental appeal. The building has been upgraded for efficiency and durability, including a new roof installed in 2023 and copper plumbing, ensuring lower maintenance costs for years to come. Additionally, the property is individually metered for gas and electricity, allowing for reduced owner expenses. On-site laundry facilities provide further tenant convenience, adding to the property’s desirability. Strategically located, the property offers easy access to major freeways, including the I-405 and CA-170, making it a prime spot for commuters. The Van Nuys Transit Station is just minutes away, and tenants will appreciate the convenience of nearby shopping, dining, and services, including Panorama Mall, Van Nuys DMV, and Los Angeles Valley College. With strong rental demand and tremendous upside potential, investors have the opportunity to increase returns over time. With modern upgrades, excellent location, and future income growth potential, 7224 Hazeltine Ave is a standout investment opportunity in Van Nuys. 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 7224 Hazeltine Avenue

Other Interior Features

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

Other Rooms

Entry Level1

General for 7224 Hazeltine Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.26
Carport Y/NYes
CityVan Nuys
Community FeaturesSuburban
CountyLos Angeles
DirectionsNorth Of Sherman Way & East of Van Nuys Blvd
Electric Expense2960.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense2960.0
Garage Spaces0.0
Garage Y/NNo
Gross Income103945.0
HOANo
Home Warranty Y/NNo
Insurance Expense4730.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToNewLoan
Lot Size Square Feet6396.0
Lot Size UnitsSquareFeet
MLS AreaVN - Van Nuys
MaintenanceExpense4158.0
MobileHomeRemainsYNNo
Net Operating Income64980.0
New ConstructionNo
Number Of Units Total6
Operating Expense38965.0
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
Tax Lot223
Taxes$15,438
Trash Expense2160.0
Virtual TourClick here
Water Sewer Expense2960.0
Waterfront Y/NNo
Year Built1957
Year Built SourcePublicRecords
ZoningLAR3

Exterior for 7224 Hazeltine Avenue

Building Area Total4730.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1468
Lot Size Area6396.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCarport
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,235,000
MLS#SR25094535
List Date 04/29/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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