Active
7507 Woodman Ave
Van Nuys CA, 91405
$7,550,000
$356.82 per sqft
Active
50 Beds
34 Baths
21,159 sqft
Multi-family
Built in 1986
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.
24-418991
MLSⓇ ID
July 23, 2024
Listed
October 22, 2024
Updated
Map
7507 Woodman Ave
Van Nuys CA, 91405
Interior Features
Total Stories
0
Bedrooms
50
Total Bathrooms
34
Appliances
Range/Oven
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.72 Acres
Other Property Details
Area Name
East Van Nuys
Days on Market
92
Garage
No
Parking
Gated
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
LARD2
Listing History
Date | Event | Price |
---|---|---|
10/22/2024 | Price change | $7,550,000 -4% |
9/9/2024 | Price change | $7,850,000 -2% |
8/28/2024 | Price change | $7,995,000 -5% |
Listed by Brett Sanson with Marcus & Millichap
Listing Contact: 310-435-8576
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor BZP Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/22/2024