6859 Woodman Avenue

    Van Nuys, CA 91405
    • $1,995,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: 19499776
    $1,995,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,242
      SQFT
    • $320
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Ratings & Info

    Description

    We are pleased to present a seven-unit multifamily property located in an excellent Valley Glen location. With a Certificate of Occupancy issued in December 1978, the property is not subject to LA City rent control. There is an excellent unit mix of five one-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and one three bedroom/two-bathroom unit. Located just north of Vanowen Street, the property provides residents a central location for easy access to much of the San Fernando Valley. LA Valley College, Sepulveda Basin Recreation Center, and Van Nuys/Sherman Oaks Recreation Center are some of the notable destinations nearby. In addition to the desirable location, the property offers residents central AC & heat, gated entry, central courtyard, covered and open gated parking, and an on-site laundry facility. ***Seller to complete LA City Soft Story Retrofitting Work***

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-17T00:28:38.107. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
    www.searchsocalrealestate.com/homes/98142788

    6859 Woodman Avenue Van Nuys, CA 91405

    • Price: $1,995,000
    • Status: Active
    • ID#: 19499776
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    6,242
    SQFT
    $320
    $/SQFT
    1978
    Built
    Neighborhood:
    VN - Van Nuys
    County:
    Los Angeles
    Area:
    VN - Van Nuys
    Property Description
    We are pleased to present a seven-unit multifamily property located in an excellent Valley Glen location. With a Certificate of Occupancy issued in December 1978, the property is not subject to LA City rent control. There is an excellent unit mix of five one-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and one three bedroom/two-bathroom unit. Located just north of Vanowen Street, the property provides residents a central location for easy access to much of the San Fernando Valley. LA Valley College, Sepulveda Basin Recreation Center, and Van Nuys/Sherman Oaks Recreation Center are some of the notable destinations nearby. In addition to the desirable location, the property offers residents central AC & heat, gated entry, central courtyard, covered and open gated parking, and an on-site laundry facility. ***Seller to complete LA City Soft Story Retrofitting Work***
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Cooling Central Air Cooling YN Yes

    Property Features

    Cap Rate 4.17 Electric Expense 7000.00 Gross Multiplier 14.25 Gross Operating Income 136667.00 Improvements Amount 840000 Insurance Expense 2616.00 Land Value 560000 Maintenance Expense 7500.00 Net Operating Income 83133.00 Other Expense 1750.00 Professional Management Expense 5376.00 Special Listing Conditions Standard Total Expenses 53534.00 Trash Expense 4200.00 Zoning Lar3

    Listing provided courtesy of Brett Sanson of Marcus & Millichap and Jeffrey Louks of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-17T00:28:38.107. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
     
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