6948 Woodman Avenue

Van Nuys, CA 91405

$2,980,000
Price
100
Beds
100
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Consider the opportunity to develop a new nursery or residential project in Valley Glen, a prime area within Van Nuys, popular for both multifamily and office developments. This presents an outstanding investment opportunity for seasoned investors and developers. The lot, spanning 19,961 square feet, is zoned R3 (16,817.33 sq. ft.) and R1 (3,151.3 sq. ft.). There are three development options to explore:1. Unlimited Density : A request can be made for unlimited density if the project is 100% affordable...Consider the opportunity to develop a new nursery or residential project in Valley Glen, a prime area within Van Nuys, popular for both multifamily and office developments. This presents an outstanding investment opportunity for seasoned investors and developers. The lot, spanning 19,961 square feet, is zoned R3 (16,817.33 sq. ft.) and R1 (3,151.3 sq. ft.). There are three development options to explore:1. Unlimited Density : A request can be made for unlimited density if the project is 100% affordable housing for senior citizens (55+), potentially allowing for 100+ units with no parking requirements. 2. 49 Units : A plan that includes 49 units, with 7 units designated for low- and moderate-income tenants. 3. RTI Ready : The property is already entitled and RTI ready, with plans for a luxury apartment complex featuring 23 units over 31,150 square feet, along with a 1,200-square-foot ADU. Each option provides a unique opportunity for significant returns in this sought-after location.
  1. Listed by Elham Khani • DRE #01989596 • Brokerage DRE #01464847 • Coldwell Banker Realty
  2. Listed by Lily Laadan Vosough • DRE #02029432 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 6948 Woodman Avenue

Zoning
LAR3
Parcel Number
2328010025
Total Units
100.0
Living Area
0
Source Living Area
Builder
Area
Valley Glen (VG)
Vacancy Rate
0
Lot Size Area
19961
LISTING UPDATED: 10/02/2024 12:01 AM

Property Details for 6948 Woodman Avenue

StatusActive
MLS #24-443865
Days on Market88
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.46 AC / 19,961 SF
CountyLos Angeles County

Building Information for 6948 Woodman Avenue

Stories-Residences-Year Built2024Building Size-Lot Size0.46 AC / 19,961 SF

Property Information for 6948 Woodman Avenue

Community / Development
Community / Development
  • Number Of Units: 100
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • Water: On Site
  • Sewer: On Site
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.4582
  • Lot Size Square Feet: 19961
  • Lot Size Dimensions: 97x205
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two, Three Or More
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $195,000.00
  • Like Units: 100
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $.00
  • Assessed Improvement Percent: 0.0
  • Assessed Land Percent: 100

Property History for 6948 Woodman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$1,881,069Additions-Total$1,881,069
Tax Record2024$23,359 ($1,947 / 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 - 9 to 12
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

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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6948 Woodman Avenue is a multi-family home for sale in Van Nuys, CA 91405. This property was listed for sale on September 24, 2024 by Coldwell Banker Realty, it's currently listed at $2,980,000. It has been on the market for a total of 88 days and was last sold on May 17, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Kittridge Street Elementary School, James Madison Middle School and Van Nuys Senior High School. 6948 Woodman Avenue is a 100-bed, 100-bath, multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Elham Khani, DRE #01989596; Coldwell Banker Realty, Lily Laadan Vosough, DRE #02029432

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.