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7011 Woodley Avenue
Van Nuys, CA 91406
Well maintained 6-unit building in Lake Balboa, one of the most sought after neighborhoods in LA. Close to shopping, markets, less than 2 miles from Balboa Park. Fully rented, 5 of the units have laminate and ceramic tile floors.All the exterior facing windows have been replaced, roof completely replaced in 2019. Owner pays water/power for bldg., so the next owner can pay to have split meters for each unit thus greatly increasing the net income. Owner pays a service company to lease the washer/dryer. Each unit has wall AC unit, and wall gas heater. Four units are 1 bed 1 bath, 2 units are 3 bed 1 bath. Owners monthly expenses: $1000 water/power, $400 trash, $75 pest control, $100 gardening, $43 for laundry lease/ maintenance. Each unit has one assigned parking space. Plently of street parking. Across from the new Vallarta super market/ tortilleria/ bakery. Approx 70% of owners expense is that the building has one water meter. A new owner could apply to LADWP for permission to have this split so each unit has its own individual water bill thus greatly reducing the owner's monthly expenses. Seller is highly motvated. Seller is not doing a 1031 tax exchange so closing can be quick.
PROPERTY INFORMATION
| MLS # | 24439815 | Lot Size | 7,003 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,295,000
Price Per SqFt: $ 366 |
DOM | 227 Days |
| Address | 7011 Woodley Avenue | Type | Residential Income |
| City | Van Nuys | Sq.Ft. | 3,542 Sq. Ft. |
| Postal Code | 91406 | Garage | N/A |
| County | Los Angeles | Year Built | 1954 |
| Bed / Bath | 10 / 0 | Parking | 6 |
| Built In | 1954 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community, Stackable |
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace, Forced Air |
| Flooring Information | Laminate, Carpet |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Double Pane Windows |
EXTERIOR FEATURES
| Roof | Composition, Shingle |
| Has Pool | No |
| Pool | None |
| Has Sprinklers | No |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,381
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/16/2024 | Listed | $1,295,000 |
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Listing provided courtesy of Robert Glinert, KW 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.
