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.
Property Details
Price:
$7,550,000
MLS #:
24418991
Status:
Active
Baths:
0
Address:
7507 Woodman Avenue
Type:
Residential Income
City:
Van Nuys
Listed Date:
Jul 22, 2024
State:
CA
ZIP:
91405
Lot Size:
31,531 sqft / 0.72 acres (approx)
Year Built:
1986
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Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Gated
Parking Spots
0.00
Financial
Map
Community
- Address7507 Woodman Avenue Van Nuys CA
- CityVan Nuys
- CountyLos Angeles
- Zip Code91405
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
7507 Woodman Avenue
Van Nuys, CA
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