$ 7,550,000
7507 Woodman AVE Van Nuys, CA 91405
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 7,550,000
Est. payment /mo
Price Dropped by $300K
7507 Woodman AVE Van Nuys, CA 91405
50 Beds
34 Baths
21,159 SqFt
UPDATED:
10/22/2024 11:07 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 21,159 sqft
Price per Sqft $356
MLS Listing ID 24418991
Bedrooms 50
HOA Y/N No
Year Built 1986
Lot Size 0.724 Acres
Property Description
We are pleased to present 7507 Woodman Ave, Van Nuys, where opportunity meets potential in this 34-unit apartment building.Built in 1986, this property is not subject to LA City Rent Control (Only Subject to CA State Rent Control AB 1482).Situated amidst a bustling neighborhood, this property offers a unique investment prospect for savvy buyers looking to capitalize onuntapped potential. With a strategic renovation and management plan, there is ample opportunity to enhance both the aesthetic appealand functionality of each unit, thereby increasing rental income and overall property value.The dense location offers convenient access to major transportation arteries and essential amenities, ensuring residents have easyconnections to employment centers, shopping, and dining options.The building itself features a mix of unit sizes, including 22 two bedroom, 6 one bed room, and 6 studio apartments accommodating arange of tenant needs. Amenities such as gated parking and on-site laundry facilities are in place, providing a foundation upon which tobuild additional value for residents.
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage Gated
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2215004123
Special Listing Condition Standard
Listed by Brett Sanson • Marcus & Millichap