Listed by Brett Sanson - DRE #01387480 - Marcus & Millichap 818-212-2700 Listing Courtesy of: DRE #00908473
$7,850,000 affordable loan icon Calculate Payment

7507 Woodman Avenue Van Nuys, CA 91405

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Cluster Residence
50 Beds
34 Baths
21,159 Sq. Ft.
0.72 Acre Lot
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Last updated on 9/28/2024 10:20 AM

Listing Details

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. Continue reading
MLS#
24418991
Property Type
Cluster
Status
Bedrooms
50
Bathrooms
Year Built
1986
Square Feet
21,159 sq. ft
Lot Size
0.72
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Listed by Brett Sanson - DRE #01387480 - Marcus & Millichap 818-212-2700 Listing Courtesy of: DRE #00908473
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 9/28/2024 10:20 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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