7518 Woodley Avenue

Van Nuys, CA 91406

$995,000
Price
4
Beds
2
Baths
1,709 Sq. Ft.
$582 / Sq. Ft.
1,709
Sq. Ft.
$582
per Sq. Ft.

Description

Step into a world of possibility with this stunning 4-bedroom, 2-bathroom duplex located in the sought-after Lake Balboa neighborhood of Los Angeles. Whether you are an astute investor looking for an income-generating property or an owner-user seeking to offset mortgage costs, this duplex presents an incredible opportunity. As you approach the property, you'll be greeted by meticulously maintained landscaping, featuring beautiful mature trees and plants that create a serene and inviting atmosphere....Step into a world of possibility with this stunning 4-bedroom, 2-bathroom duplex located in the sought-after Lake Balboa neighborhood of Los Angeles. Whether you are an astute investor looking for an income-generating property or an owner-user seeking to offset mortgage costs, this duplex presents an incredible opportunity. As you approach the property, you'll be greeted by meticulously maintained landscaping, featuring beautiful mature trees and plants that create a serene and inviting atmosphere. The front unit, currently tenant-occupied, boasts two bedrooms and one bathroom, offering a comfortable and inviting living space. The second unit, also featuring two bedrooms and one bathroom, has been recently renovated floors, and fresh paint, creating a modern and stylish aesthetic. The duplex's central location offers easy access to the Van Nuys and Burbank airports, Lake Balboa Park, picturesque biking trails, a selection of public golf courses, and plentiful dining and shopping experiences. Embrace the potential of this property and discover the endless opportunities it presents for both investors and owner-users alike. All units are occupied and property will be delivered with tenant.
  1. Listed by Angel Salvador • DRE #01794155 • Brokerage DRE #01993345 • The Beverly Hills Estates

Property Details for 7518 Woodley Avenue

Zoning
LARD2
Parcel Number
2206019006
Total Units
2.0
Living Area
1709
Source Living Area
Vendor Enhanced
Area
Lake Balboa (LKBL)
Vacancy Rate
50%
Lot Size Area
6601
LISTING UPDATED: 10/22/2024 02:20 PM

Property Details for 7518 Woodley Avenue

StatusActive
MLS #24-417633
Days on Market134
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.15 AC / 6,601 SF
CountyLos Angeles County

Building Information for 7518 Woodley Avenue

Stories-Residences-Year Built1948Building Size-Lot Size0.15 AC / 6,601 SF

Property Information for 7518 Woodley Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • Water: In Street
  • Sewer: In Street
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: $46,080
  • Net Operating Income: $46,080.00
  • Gross Income: $19,000
  • Gross Rent Multiplier: $15.35
  • Actual Annual Gross Rent: $19,000.00
  • Actual Gross Annual Income: $46,080
  • Garage Income: $19,000
  • Actual Rent Total: $19,000.00
  • Total Annual Expense: 7660
  • Tax Expense: $4,951
  • Insurance Expense: $2,709
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1515
  • Lot Size Square Feet: 6601
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 4
  • Attached Garage: Yes
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Patio Open, Dining Area, Living Room
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window, Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $1,640.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $155,598.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $233,408.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $389,006.00

Property History for 7518 Woodley 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 7518 Woodley Avenue

Taxable ValueLand$238,076Additions$158,709Total$396,785
Tax Record2024$5,046 ($420 / month)
Home Facts
Total Finished SqFt1,709 SqFtAbove Grade Finished SqFt1,709 SqFtLot Size6,599 SqFtStyleDuplexYear Built1948ZoningLARD2CountyLOS ANGELESAPN2206-019-006

Schools near 7518 Woodley Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Charter - 9 to 12
Public - K to 12
Rating
School
Distance
Cohasset Street Elementary School
PublicK to 5

Robert Fulton College Preparatory School
Public6 to 12

Birmingham Community Charter High School
Charter9 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.

Similar Homes

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7518 Woodley Avenue is a multi-family home for sale in Van Nuys, CA 91406. This property was listed for sale on July 23, 2024 by The Beverly Hills Estates, it's currently listed at $995,000. It has been on the market for a total of 134 days and was last sold on March 16, 1990. This listing's school district is Los Angeles Unified School District. Nearby schools include Cohasset Street Elementary School, Robert Fulton College Preparatory School and Birmingham Community Charter High School. 7518 Woodley Avenue is a 4-bed, 2-bath, 1,709 sqft multi-family home built in 1948.

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 The Beverly Hills Estates, Angel Salvador, DRE #01794155

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.