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    6835 Hazeltine Ave Van Nuys, CA 91405-3218
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    Property profile & analytics

    6835 Hazeltine Ave, Van Nuys, CA 91405-3218

    View on Map
    • Hospitals
    • 13,321 SF
    • 0.49 lot acres
    Off-Market
    Property ID
    US09-9361535
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Van Nuys Healthcare Center / Nursing Home
    • The Care Center on Hazeltine / Nursing Home

    Property Details for 6835 Hazeltine Ave

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Zone code
    LARD1.5
    Property type
    Hospitals
    APN
    2217-014-079
    APU
    2217014079

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 2, 2019 $3,700,000 Eretz Van Nuys Properties LLC Sptmnr Properties Trust Trustees Deed $18.4M · Cibc Bk USA
    Sep 21, 1999 — Sptmnr Properties Trust — Deed Of Trust · related —
    Dec 31, 1990 $985,454 Health Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,210,000
      6.5%
      $3,885,000
      7%
      $3,610,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,735,000
      OFFICE BUILDING
      $4,860,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.44
    Latitude
    34.195
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $63,415
    $2,624,749
    $2,504,446
    $5,129,195
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,205,000
      20,738 SF

      13524 Sherman Way

      HOSPITAL - PRIVATE
      13524 Sherman Way, Van Nuys, CA 91405-2830
      View Details
    • Value Estimation
      $20,240,000
      360,686 SF

      15107 Vanowen St

      HOSPITAL - PRIVATE
      15107 Vanowen St, Van Nuys, CA 91405-4542
      View Details
    • Value Estimation
      $23,090,000
      91,192 SF

      6815 Noble Ave

      MEDICAL BUILDING
      6815 Noble Ave, Van Nuys, CA 91405-3796
      View Details
    • Value Estimation by Request
      9,000 SF

      6742 Van Nuys Blvd

      Medical Office Space
      6742 Van Nuys Blvd, Los Angeles, CA 91405
      View Details
    • Value Estimation by Request
      15,897 SF

      15220 Vanowen St

      HOMES (RETIRED, NURSING)
      15220 Vanowen St, Van Nuys, CA 91405-3607
      View Details
    • Value Estimation
      $840,000
      50,330 SF

      7044 Kester Ave

      HOMES (RETIRED, NURSING)
      7044 Kester Ave, Van Nuys, CA 91405
      View Details

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    • Contact for pricing
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    • Contact for pricing
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      Van Nuys Multifamily Investment Opportunity

      Well-maintained 20-unit apartment building in a central San Fernando Valley location.
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      3,511 SF

      Small Industrial Building with Yard

      Freestanding industrial building with fenced yard, suitable for owner-user.
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    • $1,050,000
      Pending

      Van Nuys Multifamily Investment Opportunity

      Stabilized multifamily property in a high-demand rental location.
      13617 Leadwell St, Van Nuys, CA 91405
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      9,000 SF

      Van Nuys Blvd Office Space

      Prime Los Angeles Office, Medical Space Available
      6742 Van Nuys Blvd, Los Angeles, CA 91405
      View Details
    • $1.75 SF/Yr
      13,843 SF

      Medical Space Available For Lease

      Medical space available for lease in Van Nuys, CA.
      14600-14624 Sherman Way, Van Nuys, CA 91405
      View Details
    • Contact for pricing
      4,800 SF

      Van Nuys Freestanding Warehouse

      Freestanding warehouse building in Van Nuys, move-in ready.
      15204 Stagg St, Van Nuys, CA 91405
      View Details
    • Contact for pricing
      227 SF

      Office Space Available For Rent

      Second floor office suites totaling 5,995 SF available.
      6840-6850 S Sepulveda Blvd, Van Nuys, CA 91405
      View Details
    • Contact for pricing

      Retail Spaces Available for Lease

      Multiple retail spaces available for lease with parking and access.
      14435 Sherman Way, Los Angeles, CA 91405
      View Details
    • Contact for pricing
      2,823 SF

      Van Nuys Office Space Available

      Medical or general office space for lease in Van Nuys.
      15243 Vanowen St, Van Nuys, CA 91405
      View Details
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    Van Nuys, CA 91405-3218
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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