7507 Woodman Avenue, Van Nuys, CA 91405
- $7,995,000
- $378
- $7,995,000
- $378
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.
Address
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Address: 7507 Woodman Avenue
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City: Van Nuys
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State/county: CA
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Zip/Postal Code: 91405
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Country: United States
Details
Updated on August 30, 2024 at 10:51 am-
Property ID SGR-33683460
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Price $7,995,000
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Property Size 21159.00 m²
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Land Area 31531.00 m²
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Bedrooms 50
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Bathrooms 34
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Year Built 1986
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Property Type Residential Income
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Property Status For Sale
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Living Area 21159.00
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MLS# 24418991
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Office Name MARCUS & MILLICHAP
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Agent Name Brett Sanson
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MLS Status Active
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Living Area Prefix Sqft
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Co-Office Name Marcus & Millichap
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Co-Agent Name Jeffrey Louks
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Agent State License 01387480
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Co-Agent State License 00908473
Additional details
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Heating Wall Furnace
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County Los Angeles
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Parking 0.00
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