Overview
- Apartment Building
- 1963
- 15,678
Description
18 Unit Apartment Building $2,995,000 ($166,389/Unit) Van Nuys, CA 91405
Highlights
- Amazing Van Nuys Location
- Long Term Tenants with Upside
Executive Summary
MAJOR PRICE REDUCTION – MOTIVATED SELLER!
Spectrum Commercial Real Estate is pleased to present the opportunity to purchase 7503 Hazeltine Avenue, an 18-unit apartment complex in the highly desirable Van Nuys neighborhood. Less than 3 miles from the 405 Freeway. The property consists of 18 units, complete with detached garage & storage space for the Tenants in addition to a common courtyard and pool. Built in 1963, the exterior of the building was recently remodeled and all brand new windows were installed. Additionally, a new sealed silicone coating has been applied to the roof within the last year. The Property, located off Van Nuys Blvd & Sherman Way, consists of the main structure & parking garages, with 8 – 1 bed room/1 bath room, 8 – 2 bed room/1 bath room, & 2 studio apartments. There are separate onsite parking spaces for each unit.
Property Facts
| Price | $2,995,000 |
| Price Per Unit | $166,389 |
| Sale Type | Investment |
| Gross Rent Multiplier | 11 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 15,678 SF |
| No. Stories | 2 |
| Year Built | 1963 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Storage Space
Site Amenities
- 24 Hour Access
- Courtyard
- Storage Space
- Walk-Up
- Controlled Access
- Pool
Unit Mix Information
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | – | 500 |
| 2+2 | 8 | – | 600 |
Property Documents
Details
Updated on March 7, 2025 at 12:48 am- Price: $2,995,000
- Property Size: 15,678 SF
- Year Built: 1963
- Property Type: Apartment Building
- Property Status: For Sale
Address
- Address 7503 Hazeltine Ave
- City Van Nuys
- Zip/Postal Code 91405
- Area San Fernando Valley
