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.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

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
2+1.5 5 $2,379 CAD 950
3+2.5 8 $2,839 CAD 1,150
Walk Score®
Very Walkable (78)

PROPERTY TAXES

ZONING

Zoning Code LAR3
  • Listing ID: 35204320

  • Date on Market: 2025-03-20

  • Last Updated:

  • Address: 6606 Hazeltine Ave, Van Nuys, CA 91405