6924 Woodman Avenue new Save Request In-Person Tour Request Virtual Tour
Van Nuys (los Angeles),CA 91405
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,258 sqft
Price per Sqft $361
MLS Listing ID CL25605263
HOA Y/N No
Year Built 1989
Lot Size 0.377 Acres
Acres 0.38
Property Sub-Type Other
Property Description
6924 Woodman Avenue, a non-RSO 12-unit multifamily investment opportunity located in the vibrant neighborhood of Van Nuys, CA 91405. Built in 1989, the 11,258 SF property is situated on a 16,425 SF LAR3-zoned lot and is not subject to the Los Angeles Rent Stabilization Ordinance (RSO), offering investors greater flexibility in rent growth and repositioning strategies. The three-story building comprises 12 units, including (2) one-bedroom/one-bath units and (10) two-bedroom/two-bath units, along with 24 on-site parking spaces and fee simple ownership. The property has been recently improved with a brand-new roof, new boiler, and copper plumbing throughout, significantly reducing near-term maintenance costs and ensuring long-term operational efficiency. Three washers and two dryers, owned by the property, generate additional income and enhance tenant convenience. Furthermore, the building is fully compliant with SB-721 balcony and deck inspection requirements, eliminating future compliance costs for ownership. Ideally located in Van Nuys, one of the San Fernando Valley's most accessible and established rental submarkets, residents benefit from proximity to major employment centers, transit corridors, schools, and entertainment destinations across Los Angeles. With its desirable con
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Appliance Dryer
Laundry Common Area,Dryer,Washer
Building
New Construction No
Others
Tax ID 2328010026