5740 Hazeltine Ave
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5740 Hazeltine Ave
6 Unit Apartment Building $1,295,000 ($215,833/Unit) 4.56% Cap Rate Van Nuys, CA 91401
Investment Highlights
- 6 units located in the Valley Glen rental pocket of Van Nuys
- Upside in existing rents
- Tenants enjoy easy access to the metro Orange line, the Tujunga wash greenway and the iconic Great Wall of Los Angeles
- Excellent unit mix consisting of (6) 2+1 units
- Improvements include a new roof in 2005, updated electrical in 2015, and a new sewer line in 2024
Executive Summary
Equity Union Commercial is proud to represent this 6 unit apartment building in Van Nuys.
The property was built in 1957. Its unit mix consists entirely of (6) 2+1 units. With a lot size of 6,879 square feet, the property has a total of 5,684 rentable square feet.
The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
The property is separately metered for electricity.
The property was built in 1957. Its unit mix consists entirely of (6) 2+1 units. With a lot size of 6,879 square feet, the property has a total of 5,684 rentable square feet.
The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
The property is separately metered for electricity.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,295,000 | Apartment Style | Low Rise |
| Price Per Unit | $215,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.56% | Building Size | 5,684 SF |
| Gross Rent Multiplier | 12.99 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 1.06/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,295,000 |
| Price Per Unit | $215,833 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| Gross Rent Multiplier | 12.99 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,684 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.06/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 900 |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 2246-017-020 | Improvements Assessment | $389,997 (2024) |
| Land Assessment | $178,743 (2024) | Total Assessment | $568,740 (2024) |
PROPERTY TAXES
Parcel Number
2246-017-020
Land Assessment
$178,743 (2024)
Improvements Assessment
$389,997 (2024)
Total Assessment
$568,740 (2024)
zoning
| Zoning Code | R3-1, Los Angeles (Residential) |
| R3-1, Los Angeles (Residential) |
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5740 Hazeltine Ave
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