7011 Woodley Avenue
$1,199,000
10
6
3,542
3,542
$339
Description
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....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. (The annual rent control rent raise is February.)
- Listed by Robert Glinert • DRE #01254216 • Brokerage DRE #01854200 • KW Advisors
Property Details for 7011 Woodley Avenue
Water Front
None
ZoningLAR3
StyleArchitectural
Cross StreetsWoodley Ave and Hart St
Parcel Number2224010008
Total Units6.0
Living Area3542
Source Living AreaAssessor
LISTING UPDATED: 11/20/2024 01:25 PM
Property Details for 7011 Woodley Avenue
Status | Active |
---|---|
MLS # | 24-439815 |
Days on Market | 65 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | 0.16 AC / 7,003 SF |
County | Los Angeles County |
Building Information for 7011 Woodley Avenue
Stories2Residences-Year Built1954Building Size-Lot Size0.16 AC / 7,003 SF
Property Information for 7011 Woodley Avenue
Property History for 7011 Woodley 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 7011 Woodley Avenue
Taxable ValueLand$376,810Additions$219,802Total$596,612
Tax Record2024$8,224 ($685 / month)
Home Facts
Total Finished SqFt3,642 SqFtAbove Grade Finished SqFt3,642 SqFtLot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLAR3CountyLOS ANGELESAPN2224-010-008
Schools near 7011 Woodley Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Bassett Street Elementary School PublicK to 5 | ||
William Mulholland Middle School Public6 to 8 | ||
Birmingham Community Charter High School Charter9 to 12 | ||
Lake Balboa College Preparatory Magnet K-12 PublicK 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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