7507 Woodman AVE Active

Van Nuys,CA 91405

$ 7550000

50 Beds

34 Baths

21159 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,159 sqft

Price per Sqft $356

MLS Listing ID 24418991

Bedrooms 50

HOA Y/N No

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

Zoning LARD2

Interior

Heating Wall Furnace

Fireplace No

Exterior

Garage Gated

Parking Type Gated

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2215004123

Special Listing Condition Standard

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