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7503 Hazeltine Ave 18 Unit Apartment Building $2,995,000 ($166,389/Unit) Van Nuys, CA 91405




INVESTMENT 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.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
-
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-
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$278,164
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$17.74
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Net Operating Income |
-
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-
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FINANCIAL SUMMARY (ACTUAL - 2024)
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $278,164 |
Annual Per SF | $17.74 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
PROPERTY FACTS In Escrow
Price | $2,995,000 | Apartment Style | Low-Rise |
Price Per Unit | $166,389 | Building Class | C |
Sale Type | Investment | Lot Size | 0.49 AC |
Gross Rent Multiplier | 11 | Building Size | 15,678 SF |
No. Units | 18 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1963 |
Property Subtype | Apartment | Zoning | LAR3 |
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 |
Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Pool
- Storage Space
- Walk-Up
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 8 | - | 500 |
2+2 | 8 | - | 600 |
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PROPERTY TAXES
Parcel Number | 2215-016-014 | Improvements Assessment | $530,017 |
Land Assessment | $129,985 | Total Assessment | $660,002 |
PROPERTY TAXES
Parcel Number
2215-016-014
Land Assessment
$129,985
Improvements Assessment
$530,017
Total Assessment
$660,002
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7503 Hazeltine Ave
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