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… Read More 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. Read Less
Property listed by Rodeo Realty, Ron Wolotzky 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Beds
7
Square Ft.
2,938
Lot Size
0.21 Acres
Year Built
1953
MLS Number
26669539
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1953, Living area: 2938.0, 2 buildings, 2 stories, Levels: One
Heating
Central
Income
Gross Income: $103,872, Net Operating Income: $71,218
Lot
0.2068 acres
Parking
8 open parking spaces, 8 total parking spaces, Carport
Taxes
Parcel Number: 2240022014, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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