58465850 Woodman

VAN NUYS, CA, 90401

$3,199,000

$323 per ft²
$3,199,000
$323 per ft²
Active
Active
 - For Sale
beds
14 Beds
baths
10 Baths
carpenters-square
9,876 ft²
property_type
Multi-family
calendar
Built 1952
ARLO Real Estate Advisors is pleased to present the investment opportunity of a 100% occupied 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. This property consists of two buildings with a mix of (6) 1-Bedroom/1-Bath and (2) 2-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. Plans have been approved to convert all the garages into Four new 2bd 1ba ADU units. The current cap rate is 3.79% with a Pro-forma cap rate of 9.39%. In addition, all units are separately metered for gas and electricity and have wall-unit A/C and Heat with the exception of the two townhouse-style units which have central A/C.
MLS® ID:
22-172177
Listed:
6/23/22
Updated:
10/4/22
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Total Bedrooms
14
Total Bathrooms
10
Laundry Description
Community
Cooling
Air Conditioning, Central, Wall/Window, Wall Unit(s), Window Unit(s), Gas
Heating
Combination, Central, Wall

Exterior/Building Features

Lot Size
0.3 acres lot
Exterior Features
Accessory Bldgs

Other Property Details

Garage
No
Parking
Built-In Storage, Controlled Entrance, Carport Detached, Covered Parking
Parking Total
10.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
RD1.5-1

 

Courtesy of Rohom Tabankia, ARLO Real Estate Advisors

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/4/22

Coldwell Banker Realty
Barry Dantagnan
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