Investment Overview

Marcus and Millichap is excited to present 6859 Hazeltine Ave in Van Nuys, CA. This Shovel Ready development, located in an Opportunity Zone, offers an opportunity to build an 18-unit single-family dwelling small lot subdivision. The total lot area is 28,600 square feet (0.66 acres), providing enough space for the construction of eighteen 3-bedroom, 2-bathroom homes. The property's layout offers a well-balanced mix of residential units, making it appealing to a diverse range of potential occupants or buyers. This makes it an attractive prospect for developers looking to capitalize on the demand for housing in the area and take advantage of the property's potential for long-term returns. Additionally, the property's location enhances its investment appeal. Van Nuys, located in the San Fernando Valley, offers convenient access to major transportation routes and essential amenities. Its central position within the region ensures that the residents have easy access to employment centers, educational institutions, retail hubs, and recreational facilities. The area's ongoing development initiatives and proximity to key destinations highlight its desirability for both residents and investors. Overall, the property at 6859 Hazeltine Ave represents a promising investment opportunity in a prime location with favorable growth prospects in the real estate market.