Duplex on One
For Sale
$899,000
5759 Hazeltine, Van Nuys, CA 91401
Two independent residences on one lot, each with its own garage and fenced outdoor area.
Property Size1,462 SF
Price / SF$614.91
Days on Market214
Property Features for 5759 Hazeltine
General Information
Standard status
Active
Size
1,462 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
1,462 SF
Year Built
1940
Listing Agency:
House of Realty
Listed By:
Jeffrey Smith · License #01824589
Source:
Benbelack
Added: Feb 4
Changed: Sep 6
Last Checked: Sep 5 at 4:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of House of Realty
Investment Insights
Based on property information with market context.
This duplex property features two separate residences on one lot, offering independent living and outdoor space. The front residence has approximately 906 square feet with 2 bedrooms, a den or office, and 2 full bathrooms with tile floors. It includes central air and heat, in-unit laundry, an open connection between the kitchen, dining, and living areas, and a kitchen with a stove, refrigerator, and dishwasher. The front home also has a large detached one-car garage, a private backyard, and a separately fenced side yard.
The rear residence has approximately 556 square feet with 1 bedroom, a den or office, and a 3/4 bathroom. It includes central air and heat, inside laundry, a stove, and a refrigerator, along with a detached garage space and a fenced backyard.
According to the Los Angeles Unified School District Resident School Identifier, the property is assigned to Chandler Elementary School.
The rear residence has approximately 556 square feet with 1 bedroom, a den or office, and a 3/4 bathroom. It includes central air and heat, inside laundry, a stove, and a refrigerator, along with a detached garage space and a fenced backyard.
According to the Los Angeles Unified School District Resident School Identifier, the property is assigned to Chandler Elementary School.
Key Highlights
- Two independent residences on one lot in Sherman Oaks: 5759 N. Hazeltine Ave. and 14108 Hatteras St.
- Front residence: approx. 906 SF with 2 bedrooms plus den/office and 2 full bathrooms; wood flooring and open‑concept layout.
- Front home amenities include kitchen appliances (stove, refrigerator, dishwasher), central air/heat, in‑unit laundry, detached 1‑car garage, private backyard, and fenced side yard.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,532
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,640
$510.6K
Cap Rate 7%
$364,743
$364.7K
Cap Rate 9%
$283,689
$283.7K
Market Conditions
NOI Build-Up for 1,462 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.5K $27.00/SF
− Vacancy
−$3.0K −$2.05/SF
EGI
$36.5K $24.95/SF
− OpEx
−$10.9K −$7.48/SF
NOI
$25.5K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,640
Cap Rate 7%
$364,743
Cap Rate 9%
$283,689
Alternative Uses
Best Use
Multifamily LT 5
$364.7K
$319.2K – $425.5K
NOI $25,532 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$336.1K
$294.1K – $392.1K
NOI $23,525 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,792 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences on one lot, each with its own garage and fenced outdoor area.
Where is this duplex located?
The property is located at 5759 Hazeltine Van Nuys, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two independent residences on one lot in Sherman Oaks: 5759 N. Hazeltine Ave. and 14108 Hatteras St.; Front residence: approx. 906 SF with 2 bedrooms plus den/office and 2 full bathrooms; wood flooring and open‑concept layout.; Front home amenities include kitchen appliances (stove, refrigerator, dishwasher), central air/heat, in‑unit laundry, detached 1‑car garage, private backyard, and fenced side yard.
