5846 Woodman Avenue
$2,995,995
16
10
9,876
9,876
$303
Description
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...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.
- Listed by Rohom Tabankia • DRE #01940808 • Brokerage DRE #01940808 • ARLO Real Estate Advisors
Property Details for 5846 Woodman Avenue
Zoning
LARD1.5
Parcel Number2343005014
Total Units10.0
Living Area9876
Source Living AreaAssessor
AreaValley Glen (VG)
Vacancy Rate10
Lot Size Area13029
LISTING UPDATED: 10/22/2024 02:19 PM
Property Details for 5846 Woodman Avenue
Status | Active |
---|---|
MLS # | 24-413159 |
Days on Market | 138 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1952 |
Lot Size | 0.30 AC / 13,029 SF |
County | Los Angeles County |
Building Information for 5846 Woodman Avenue
Stories2Residences-Year Built1952Building Size-Lot Size0.30 AC / 13,029 SF
Property Information for 5846 Woodman Avenue
Property History for 5846 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 5846 Woodman Avenue
Taxable ValueLand$848,966Additions$557,134Total$1,406,100
Tax Record2024$17,842 ($1,487 / month)
Home Facts
Total Finished SqFt4,938 SqFtAbove Grade Finished SqFt4,938 SqFtLot Size6,515 SqFtStyleMulti-Family Res (5+ Units)Year Built1952ZoningLARD1.5CountyLOS ANGELESAPN2343-005-014
Schools near 5846 Woodman Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Erwin Elementary School PublicK to 5 | ||
Louis D. Armstrong Middle School Charter6 to 8 | ||
Ulysses S. Grant Senior High School Public9 to 12 | ||
Jack London Community Day School Public7 to 12 |
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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