tomo logo

$7,550,000

Beds
50
sq ft
21,159

7507 Woodman Ave, Van Nuys, CA 91405

7507 Woodman Ave

Van Nuys, CA 91405

  • 114 days on market
    • Price drop $300,000↓
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.

Details

Property type

Lot size

0.7239 acres

Price per sq ft

$357

Year built

1986

HOA

No

Price History

10/22/2024
CLAW

CLAW #24418991

Price change
$7,550,000
-3.82%
09/09/2024
CLAW

CLAW #24418991

Price change
$7,850,000
-1.81%
08/28/2024
CLAW

CLAW #24418991

Price change
$7,995,000
-4.25%

Schools & Community

Neighborhood: 

Van Nuys

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/15/2024 at 12:50 AM

Listing updated: 10/22/2024 at 4:10 PM

Listed by: Brett Sanson, Marcus & Millichap Phone #: (818) 212-2700

MLS: CLAW #24418991

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