Back To Search
5846 Woodman Avenue
Van Nuys, CA 91401
Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 7% Cap Rate/10.48 GRM with 96% upside in rents! ONE (1) move in ready units may be delivered VACANT at the close of escrow. This property consists of two buildings with a mix of (4) 1-Bedroom/1-Bath and (2) 2-Bedroom/1-Bath (2) 3-Bedroom/1-Bath and (2) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 7% with a Pro-forma cap rate of 15.86%/5.37 GRM. In addition, all units are separately metered for gas and electricity and are equipped with either wall-unit A/C and Heat, Central A/C (two townhouse-style units) or mini split systems. E-Mail LA1 for set up sheet and showings.
PROPERTY INFORMATION
| MLS # | 24413159 | Lot Size | 13,029 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,995,995
Price Per SqFt: $ 303 |
DOM | 296 Days |
| Address | 5846 Woodman Avenue | Type | Residential Income |
| City | Van Nuys | Sq.Ft. | 9,876 Sq. Ft. |
| Postal Code | 91401 | Garage | N/A |
| County | Los Angeles | Year Built | 1952 |
| Bed / Bath | 16 / 0 | Parking | 10 |
| Built In | 1952 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| Has Appliances | Yes |
| Kitchen Appliances | Disposal, Refrigerator |
| Has Heating | Yes |
| Heating Information | Natural Gas |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 79 (Very Walkable)
Transit Score: 50 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,196
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/09/2024 | Listed | $2,995,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
Use a Topfind agent and receive a cash rebate of up to $29,960
Listing provided courtesy of Rohom Tabankia, ARLO Real Estate Advisors. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
