
7224 Hazeltine Ave Los Angeles, CA 91405
Van Nuys NeighborhoodEstimated payment $8,055/month
About This Home
Located in a high-demand rental market, 7224 Hazeltine Ave presents an exceptional opportunity for investors seeking a well-maintained multifamily property with strong income potential. This six-unit building features a desirable unit mix of two 1-bedroom, 1-bath units and four 2-bedroom, 1-bath units, appealing to a broad tenant base. With on-site parking and storage, residents enjoy added convenience, enhancing the property’s long-term rental appeal.
The building has been upgraded for efficiency and durability, including a new roof installed in 2023 and copper plumbing, ensuring lower maintenance costs for years to come. Additionally, the property is individually metered for gas and electricity, allowing for reduced owner expenses. On-site laundry facilities provide further tenant convenience, adding to the property’s desirability.
Strategically located, the property offers easy access to major freeways, including the I-405 and CA-170, making it a prime spot for commuters. The Van Nuys Transit Station is just minutes away, and tenants will appreciate the convenience of nearby shopping, dining, and services, including Panorama Mall, Van Nuys DMV, and Los Angeles Valley College. With strong rental demand and tremendous upside potential, investors have the opportunity to increase returns over time.
With modern upgrades, excellent location, and future income growth potential, 7224 Hazeltine Ave is a standout investment opportunity in Van Nuys.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Listing Agent
Keller Williams Realty-Studio City Brokerage Phone: 818-381-6601 License #01822661 Listed on: 04/29/2025

Co-Listing Agent
Keller Williams Studio City Brokerage Phone: 818-381-6601 License #01274379
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 6,396 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
Interior Spaces
- 4,730 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- Carport
- Parking Available
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 223
- Tax Tract Number 1000
- Assessor Parcel Number 2216002056
- $985 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,960
- Fuel Expense $2,960
- Gardener Expense $1,500
- Insurance Expense $4,730
- Maintenance Expense $4,158
- Other Expense $1,200
- Pest Control $900
- Trash Expense $2,160
- Water Sewer Expense $2,960
- New Taxes Expense $15,438
- Operating Expense $38,965
- Gross Income $103,945
- Net Operating Income $64,980
Additional Features
- 6 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/29/2025 04/29/25 | For Sale | $1,235,000 | -- | $261 / Sq Ft |
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