6948 Woodman Avenue
6948 Woodman Avenue
$3,295,000
17
5
32,359
32,359
$102
Description
Consider the option to construct or establish a new nursery in Valley Glen, a highly sought-after area in Van Nuys for both multifamily and office developments. This presents an exceptional investment prospect for experienced investors and developers. The property is already set for development, boasting plans for a luxurious apartment complex consisting of 23 units spanning 31,150 square feet, along with an additional 1,200-square-foot ADU. The unit composition is diverse, featuring twenty 2-bedroom...Consider the option to construct or establish a new nursery in Valley Glen, a highly sought-after area in Van Nuys for both multifamily and office developments. This presents an exceptional investment prospect for experienced investors and developers. The property is already set for development, boasting plans for a luxurious apartment complex consisting of 23 units spanning 31,150 square feet, along with an additional 1,200-square-foot ADU. The unit composition is diverse, featuring twenty 2-bedroom + 2-bathroom units and three 3-bedroom + 2-bathroom units, including two designated for low-income residents. Projections indicate an impressive annual gross income of $796,536. The lot, measuring 19,961 square feet, is zoned as R3 (16,817.33 square feet) and R1 (3,151.3 square feet). Market rental rates average $2.58 per square foot. Parking is ample, with a 14,566-square-foot area providing space for 36 vehicles. The average unit size is 1,132 square feet.
- Listed by Elham Khani • DRE #01989596 • Brokerage DRE #01464847 • Coldwell Banker Realty
- Listed by Lily Laadan Vosough • DRE #02029432 • Brokerage DRE #01464847 • Coldwell Banker Realty
Property Details for 6948 Woodman Avenue
Zoning
LAR3
Parcel Number2328010025
Total Units24.0
Living Area32359
Source Living AreaPlans
AreaEast Van Nuys
Vacancy Rate0
Lot Size Area19961
Location
LISTING UPDATED: 05/23/2024 01:39 PM
Property Details for 6948 Woodman Avenue
Status | Active |
---|---|
MLS # | 24-384959 |
Days on Market | 36 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2024 |
Lot Size | 0.46 AC / 19,961 SF |
County | Los Angeles County |
Location
Building Information for 6948 Woodman Avenue
Stories3Residences-Year Built2024Building Size-Lot Size0.46 AC / 19,961 SF
Payment Calculator
$19,891 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6948 Woodman Avenue
Property History for 6948 Woodman Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6948 Woodman Avenue
Taxable ValueLand$1,844,186Additions-Total$1,844,186
Tax Record2023$22,911 ($1,909 / month)
Home Facts
Beds4Total Finished SqFt5,284 SqFtAbove Grade Finished SqFt5,284 SqFtStories2Lot Size19,961 SqFtStyleSingle Family ResidenceYear Built1931ZoningLAR3CountyLOS ANGELESAPN2328-010-025
Schools near 6948 Woodman Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Kittridge Street Elementary School PublicK to 5 | ||
James Madison Middle School Public6 to 8 | ||
Van Nuys Senior High School Public9 to 12 | ||
Valley Charter Middle School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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