CA > Van Nuys
Van Nuys, CA 91405,7507 Woodman Ave
Van Nuys, CA 91405,7507 Woodman Ave
Van Nuys, CA 91405,7507 Woodman Ave
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$7,550,000
Est. payment /mo
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50 BD
34 BA
21,159 SqFt
Price Dropped by $300K

7507 Woodman Ave Van Nuys, CA 91405

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Herman Singh

Herman Singh

+1(310) 625-6175

UPDATED:

10/22/2024 10:58 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,159 sqft

Price per Sqft $356

MLS Listing ID 24-418991

Bedrooms 50

Year Built 1986

Lot Size 0.724 Acres

Acres 0.7239

Property 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.

Location

State CA

County Los Angeles

Area East Van Nuys

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Range/Oven

Exterior

Parking Features Gated

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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+1(310) 625-6175

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7507 Woodman Ave