7507 Woodman Avenue, Van Nuys, CA 91405
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Listed Price :
$7,550,000
-
Beds :
50
-
Baths :
34
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Property Size :
21,159 sqft
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Year Built :
1986
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.
Interior Features
| Bedroom Information |
| Bedrooms |
50 |
| Bathroom Information |
| Bathrooms |
34 |
Listing Information
| Address |
7507 Woodman Avenue |
| City |
Van Nuys |
| State |
CA |
| Zip |
91405 |
| County |
Los Angeles |
| Listing Agent |
Brett Sanson DRE #01387480 |
| Co-Listing Agent |
Jeffrey Louks DRE #00908473 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$7,550,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
21,159 |
| Lot Size |
31,531 |
| Year Built |
1986 |
Listing information courtesy of: Brett Sanson, Jeffrey Louks, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 22nd, 2024 at 11:07 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
