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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.

Features
: Wall Furnace
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Additional Information
Marcus & Millichap
0
CLW-X89154
CLW-X75151
Brett
2215004123
: Standard
Multi/Split
32

Multi-Family For Sale

7507 Woodman Avenue, Van Nuys, California 91405

21,159 Sqft
$7,550,000
Listing ID #24418991
Basic Details
Status : Active
DaysOnMarket : 92
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24418991
Price : $7,550,000
Living Area : 21,159 Sqft
Lot Size : 31,531 Sqft
Year Built : 1986
Country : US
State : California
County : Los Angeles
City : Van Nuys
Zipcode : 91405
Price Per Square Foot : $357
ModificationTimestamp : 2024-10-22 16:06:02
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