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

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