$1,300,000
 $6,979 est/mo Sourced by Back At You

16057 Hartland Street,Van Nuys, CA 91406

Van Nuys, CA 91406

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Description

16057 Hartland Street presents a compelling opportunity to acquire a five-unit multifamily investment in a solid Van Nuys location, offering investors an attractive combination of current income and long-term rental growth. The property features a desirable unit mix of three one-bedroom/one-bathroom units and two three-bedroom/two-bathroom units.The two three-bedroom units were constructed in 2009 and are not subject to the Los Angeles City Rent Stabilization Ordinance (RSO),but are subject to CA State rent control, AB 1482. This allows an investor greater flexibility to capture future rental growth on the property's largest units without the LA City RSO restrictions. Residents enjoy proximity to Lake Balboa, the Sepulveda Basin Recreation Area, major shopping and dining corridors, and some of the San Fernando Valley's most established employment centers.Convenient access to the 405 and 101 Freeways provides connectivity throughout the Valley, Westside and greater Los Angeles. 16057 Hartland Street represents an opportunity to acquire a desirable multifamily asset with combination of two RSO-exempt three-bedroom units, a diversified unit mix, substantial parking and a strong Van Nuys location.

Details

MLS #26992647
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1946
Days On Site48
Listing Provided ByMarcus & Millichap | Brett Sanson

Features

Bed(s)9
Bath(s)7
SQ Feet4,210
Garage3
Story(s)2
Units5
Building(s)2
ZoningLAR3
Acreage0.20

Interior

CoolingCentral Air, Wall Window Units
HeatingCentral, Wall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes
AppliancesMicrowave, Refrigerator, Dryer, Washer

Parking

Parking FeaturesCovered, Uncovered
Garage Yes / NoYes

Area Information

StateCA
CountyLos Angeles
CityVan Nuys
Zip Code91406
AreaLKBL Lake Balboa
Listing VS Median (in 91406)
Price:
$1,300,000
low | high
Med:
$739,000
93.153846153846% of Average
sqft:
4,210
low | high
Med:
2,082
100% of Average
$ / sqft:
$309
low | high
Med:
$355
35.051725411956% of Average
On site:
48
low | high
Med:
145
33.103448275862% of Average
Sourced by Back At You

Market Activity 91406

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityVan Nuys
Zip Code91406
AreaLKBL Lake Balboa
Listing VS Median (in 91406)
Price:
$1,300,000
low | high
Med:
$739,000
93.153846153846% of Average
sqft:
4,210
low | high
Med:
2,082
100% of Average
$ / sqft:
$309
low | high
Med:
$355
35.051725411956% of Average
On site:
48
low | high
Med:
145
33.103448275862% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 11:34:46 PM PDT