7033 Hazeltine Avenue, Van Nuys, California 91405, Van Nuys, 91405 - bed, bath
ACTIVE$1,150,000
7033 Hazeltine Avenue, Van Nuys, California 91405
0Bed
0Bath
2,639Sqft
7,169Lot
Year Built
1949
Close
-
List price
$1.15M
Original List price
$1.23M
Price/Sqft
$436
HOA
-
Days on market
-
Sold On
-
MLS number
SR24216316
Home ConditionGood
Features
Deck
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.15M(40th), sqft - 2639(40th), beds - undefined(50th), baths - undefined(50th).
SELLER IS HIGHLY MOTIVATED, SUBMIT ALL OFFERS! KW Commercial is proud to present an exceptional investment opportunity in a highly desirable location. 2 VACANT UNITS were fully remodeled. Each of the four 1-bedroom, 1-bathroom units is individually metered for utilities and features in-unit laundry. Two units include a flexible bonus room, perfect for a home office or additional storage. With two 2-car garages and plenty of additional street parking, residents enjoy convenient and secure parking. Fantastic value add! Expenses are estimated.
Nearby schools
5/10
Hazeltine Avenue Elementary School
Public,•K-5•0.1mi
1/10
Andres And Maria Cardenas Elementary School
Public,•K-5•0.2mi
3/10
Andres And Maria Cardenas Elementary School
Public,•K-5•0.2mi
3/10
Van Nuys Elementary School
Public,•K-5•0.8mi
4/10
Kittridge Street Elementary School
Public,•K-5•0.8mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•1.2mi
4/10
Valerio Street Elementary School
Public,•K-5•1.2mi
6/10
Erwin Elementary School
Public,•K-5•1.4mi
4/10
Burton Street Elementary School
Public,•K-5•1.4mi
2/10
Columbus Avenue School
Public,•K-5•1.4mi
4/10
Sylvan Park Elementary School
Public,•K-5•1.6mi
3/10
Michelle Obama Elementary
Public,•K-5•1.6mi
5/10
Noble Avenue Elementary School
Public,•K-5•2.0mi
4/10
Bassett Street Elementary School
Public,•K-5•2.1mi
3/10
Bassett Street Elementary School
Public,•PK-5•2.1mi
4/10
Cohasset Street Elementary School
Public,•K-5•2.2mi
3/10
Cohasset Street Elementary School
Public,•K-5•2.3mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.4mi
3/10
Langdon Avenue Elementary School
Public,•K-5•2.8mi
3/10
Gault Street Elementary School
Public,•K-5•3.6mi
3/10
Gault Street Elementary School
Public,•K-5•3.7mi
7/10
Stagg Street Elementary School
Public,•K-5•3.9mi
4/10
Parthenia Street Elementary School
Public,•K-5•3.9mi
5/10
James Madison Middle School
Public,•6-8•1.4mi
3/10
Vista Middle School
Public,•6-8•2.0mi
2/10
Van Nuys Middle School
Public,•6-8•2.1mi
5/10
William Mulholland Middle School
Public,•6-8•3.7mi
3/10
William Mulholland Middle School
Public,•6-8•3.8mi
7/10
Oliver Wendell Holmes Middle School
Public,•6-8•4.7mi
3/10
Northridge Middle School
Public,•6-8•5.2mi
6/10
Van Nuys Senior High School
Public,•9-12•1.1mi
3/10
Robert Fulton College Preparatory School
Public,•6-12•1.1mi
2/10
Panorama High School
Public,•9-12•1.3mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.0mi
6/10
John H. Francis Polytechnic
Public,•9-12•2.6mi
3/10
James Monroe High School
Public,•9-12•3.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.5mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.6mi
7/10
Northridge Academy High
Public,•9-12•5.7mi
Condition Rating
Good
While the property was built in 1949, the listing explicitly states that two of the four units have been fully and recently remodeled. The images confirm these remodels feature modern kitchens with white shaker cabinets, stainless steel appliances, quartz countertops, and contemporary bathrooms with tiled showers and modern vanities. New LVP flooring and mini-split AC units are also present in the remodeled units. The exterior appears well-maintained, and critical systems like electrical panels are updated with individual metering. Although not all units have undergone a full renovation, the significant investment in half the property's living spaces, coupled with overall maintenance, makes it move-in ready and elevates its condition to 'Good' rather than 'Fair' for an income property of this age.
Pros & Cons
Pros
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Investment Potential: Explicitly marketed as an 'exceptional investment opportunity' with 'fantastic value add' potential, further supported by a motivated seller and a recent price reduction.
Vacant & Remodeled Units: Two of the four units are fully remodeled and currently vacant, offering immediate market-rate rental income and minimizing tenant transition issues for a new owner.
Individual Utility Metering: All four units are individually metered for utilities, significantly reducing landlord operating expenses and promoting tenant responsibility for consumption.
In-Unit Laundry: Each unit features in-unit laundry facilities, a highly desirable amenity that enhances tenant convenience and the property's rental appeal.
Ample Parking: The property offers substantial parking with two 2-car garages and additional street parking, a valuable asset in a dense urban setting.
Cons
Estimated Expenses: The property description notes that 'Expenses are estimated,' which introduces an element of financial uncertainty for potential investors regarding actual operating costs.
Age of Property: Built in 1949, the property's age suggests potential for higher maintenance and repair costs for the overall structure and systems not covered by recent unit remodels.
Partial Unit Remodel: Only two of the four units are specified as fully remodeled, indicating that the remaining units may require future capital investment to achieve similar modern standards and maximize rental income.