Hazeltine Townhomes 6606 Hazeltine Ave
13 Unit Apartment Building $5,352,225 CAD ($411,710 CAD/Unit) 4.76% Cap Rate Van Nuys, CA 91405



INVESTMENT HIGHLIGHTS
- 2001 Construction- Subject to AB 1482 only
- Tremendous Rental Upside
- Excellent Unit Mix- Consists of Two Bedroom and Three Bedroom/ Townhouse Style Units
- No On-Site Management Required
EXECUTIVE SUMMARY
Northmarq, as the exclusive listing agent, is pleased to present 6606 Hazeltine, a 13-unit property in the Van Nuys submarket of the San Fernando Valley. Built in 2001, the property is subject only to California’s AB 1482 rent control, allowing a new owner to benefit from strong in-place cash flow with minimal capital outlay.
Situated on a 15,756-square-foot lot, 6606 Hazeltine features a two-story building above a gated semi-subterranean parking structure with 26 spaces. The property offers a superior unit mix for the submarket, consisting of (5) 2-bedroom, 1.5-bathroom and (8) 3-bedroom, 2.5-bathroom. All units are spacious two-story townhomes with in-unit washer/dryer hookups, making them ideal for the area’s family-oriented tenant base seeking larger living spaces. Additionally, the property includes a well-maintained interior courtyard, providing residents with a communal outdoor space.
Centrally located in Van Nuys, a quiet yet centrally positioned residential community, the property provides immediate access to major freeways, including the 101, 405, and 170, ensuring seamless connectivity throughout the San Fernando Valley and Greater Los Angeles. Additionally, its proximity to key retail and dining destinations enhances tenant convenience and desirability.
Situated on a 15,756-square-foot lot, 6606 Hazeltine features a two-story building above a gated semi-subterranean parking structure with 26 spaces. The property offers a superior unit mix for the submarket, consisting of (5) 2-bedroom, 1.5-bathroom and (8) 3-bedroom, 2.5-bathroom. All units are spacious two-story townhomes with in-unit washer/dryer hookups, making them ideal for the area’s family-oriented tenant base seeking larger living spaces. Additionally, the property includes a well-maintained interior courtyard, providing residents with a communal outdoor space.
Centrally located in Van Nuys, a quiet yet centrally positioned residential community, the property provides immediate access to major freeways, including the 101, 405, and 170, ensuring seamless connectivity throughout the San Fernando Valley and Greater Los Angeles. Additionally, its proximity to key retail and dining destinations enhances tenant convenience and desirability.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
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Gross Rental Income |
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Other Income |
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Vacancy Loss |
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Effective Gross Income |
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Net Operating Income |
$99,999
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$9.99
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PROPERTY FACTS
Price | $5,352,225 CAD |
Price Per Unit | $411,710 CAD |
Sale Type | Investment |
Cap Rate | 4.76% |
Gross Rent Multiplier | 12.47 |
No. Units | 13 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.34 AC |
Building Size | 24,670 SF |
Average Occupancy | 92% |
No. Stories | 2 |
Year Built | 2001 |
UNIT AMENITIES
- Air Conditioning
- Wheelchair Accessible (Rooms)
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
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2+1.5 | 5 | $2,379 CAD | 950 |
3+2.5 | 8 | $2,839 CAD | 1,150 |
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Walk Score®
Very Walkable (78)
PROPERTY TAXES
Parcel Number | 2238-002-049 | Improvements Assessment | $2,326,000 CAD |
Land Assessment | $452,138 CAD | Total Assessment | $2,778,138 CAD |
ZONING
Zoning Code | LAR3 |