Van Nuys (los Angeles), CA 91405,6924 Woodman Avenue
Van Nuys (los Angeles), CA 91405,6924 Woodman Avenue
Van Nuys (los Angeles), CA 91405,6924 Woodman Avenue
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$4,075,000
Est. payment /mo
11,258 SqFt
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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


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Bridge MLS
Listed by Tony Azzi • Tony Azzi

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6924 Woodman Avenue