7507 Woodman Avenue
$7,550,000
50
34
21,159
21,159
$357
Description
We are pleased to present 7507 Woodman Ave, Van Nuys, where opportunity meets potential in this 34-unit apartment building. Built in 1986, this property is not subject to LA City Rent Control (Only Subject to CA State Rent Control AB 1482). Situated amidst a bustling neighborhood, this property offers a unique investment prospect for savvy buyers looking to capitalize onuntapped potential. With a strategic renovation and management plan, there is ample opportunity to enhance both the aesthetic appealand...We are pleased to present 7507 Woodman Ave, Van Nuys, where opportunity meets potential in this 34-unit apartment building. Built in 1986, this property is not subject to LA City Rent Control (Only Subject to CA State Rent Control AB 1482). Situated amidst a bustling neighborhood, this property offers a unique investment prospect for savvy buyers looking to capitalize onuntapped potential. With a strategic renovation and management plan, there is ample opportunity to enhance both the aesthetic appealand functionality of each unit, thereby increasing rental income and overall property value. The dense location offers convenient access to major transportation arteries and essential amenities, ensuring residents have easyconnections to employment centers, shopping, and dining options. The building itself features a mix of unit sizes, including 22 two bedroom, 6 one bed room, and 6 studio apartments accommodating arange of tenant needs. Amenities such as gated parking and on-site laundry facilities are in place, providing a foundation upon which tobuild additional value for residents.
- Listed by Brett Sanson • DRE #01387480 • Brokerage DRE #01238010 • Marcus & Millichap
- Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 7507 Woodman Avenue
Zoning
LARD2
Parcel Number2215004123
Total Units34.0
Living Area21159
Source Living AreaAssessor
AreaEast Van Nuys
Vacancy Ratenone
Lot Size Area31531
LISTING UPDATED: 10/22/2024 03:58 PM
Property Details for 7507 Woodman Avenue
Status | Active |
---|---|
MLS # | 24-418991 |
Days on Market | 129 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1986 |
Lot Size | 0.72 AC / 31,531 SF |
County | Los Angeles County |
Building Information for 7507 Woodman Avenue
Stories-Residences-Year Built1986Building Size-Lot Size0.72 AC / 31,531 SF
Property Information for 7507 Woodman Avenue
Property History for 7507 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 7507 Woodman Avenue
Taxable ValueLand$783,852Additions$1,175,784Total$1,959,636
Tax Record2024$27,065 ($2,255 / month)
Home Facts
Total Finished SqFt21,159 SqFtAbove Grade Finished SqFt21,159 SqFtLot Size31,570 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningLARD2CountyLOS ANGELESAPN2215-004-123
Schools near 7507 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 - | 6 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ranchito Avenue Elementary School PublicK to 5 | ||
James Madison Middle School Public6 to 8 | ||
Robert Fulton College Preparatory School Public6 to 12 | ||
Panorama 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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