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7240 Woodman Avenue
Van Nuys, CA 91405

$3,995,000 
  • -- Beds
  • -- Baths
  • 16,060 sqft
  • Residential Income
  • Active
7240 Woodman Avenue, Van Nuys - 589493413
7240 Woodman Avenue, Van Nuys - 589493414
7240 Woodman Avenue, Van Nuys - 589493415
7240 Woodman Avenue, Van Nuys - 589493416
7240 Woodman Avenue, Van Nuys - 589493417
7240 Woodman Avenue, Van Nuys - 589493418
7240 Woodman Avenue, Van Nuys - 589493419
7240 Woodman Avenue, Van Nuys - 589493420
7240 Woodman Avenue, Van Nuys - 589493421
7240 Woodman Avenue, Van Nuys - 589493422
7240 Woodman Avenue, Van Nuys - 589493423
7240 Woodman Avenue, Van Nuys - 589493424
7240 Woodman Avenue, Van Nuys - 589493425
7240 Woodman Avenue, Van Nuys - 589493426
7240 Woodman Avenue, Van Nuys - 589493427
7240 Woodman Avenue, Van Nuys - 589493428
7240 Woodman Avenue, Van Nuys - 589493429
7240 Woodman Avenue, Van Nuys - 589493430
7240 Woodman Avenue, Van Nuys - 589493431
7240 Woodman Avenue, Van Nuys - 589493432
7240 Woodman Avenue, Van Nuys - 589493433
7240 Woodman Avenue, Van Nuys - 589493434
7240 Woodman Avenue, Van Nuys - 589493435
7240 Woodman Avenue, Van Nuys - 589493436

Property Description for 7240 Woodman Avenue, Van Nuys CA 91405

Pleased to present a Jewel in the heart of Van Nuys, walking distance to Starbucks, Rite Aid, Ralphs, Subway and more. Seller did not spare any expense, having incurred over $400,000 of Capital Improvements in the last 12 months, including Soft Story Retrofitting, Brand New Roof, Brand New Windows, Fresh Exterior Paint, Landscaping, and complete remodel of 8 units. This 18 Unit property features spacious units and an Ideal Unit Mix consisting of... Two (2) 3 Bedroom + 2 Bath Townhouses with Central Air Condition, Eleven (11) 2 Bedroom + 1 Bath units (6 units have Central AC), Three (3) 1 Bedroom + 1 Bath Units, and Two (2) Studios. Currents Rents are 30% below Market Rent, allowing Buyer to enjoy a Turn Key building with plenty of upside potential. (Link to Property Video.... https://youtu.be/mi-LXcmxZGs)

  • Property Class: Residential Income
  • Listing Status: Active
  • City: Van Nuys
  • State: CA
  • Zip: 91405
  • Area: VN - Van Nuys
  • County: Los Angeles
  • Class: Residential Income
  • Stories: 2
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 16,060 sqft
  • Lot Sq Ft Apx: 22223.00
  • Year Built: 1952
  • Listing#: BB18272603
  • Parcel Number: 2328006025
  • List Date: 11/13/2018
  • Last updated on: 12/12/2018

Property Features for 7240 Woodman Avenue, Van Nuys CA 91405

  • Cooling: Central, Wall Window, See Remarks
  • Heating: Central Furnace, Wall Heater, See Remarks
  • Parking Features: Assigned, Driveway - Concrete, Side By Side
  • Year Built: 1952
  • Community Features: Curbs, Sidewalks
  • Zoning: Lar3
  • Lot Desc: Front Yard, Garden, Landscaped, Lot 20000-39999 Sqft, Lot Shape-Rectangular, Lot-Level/Flat, Walkstreet
  • Pool: None

Additional Information for 7240 Woodman Avenue, Van Nuys CA 91405

  • Bedroom 2 Area: 920
  • Bedroom 3 Area: 1300
  • Carport Y/N: Yes
  • Expenses: 99149.00
  • Garage Style: Assigned, Driveway - Concrete, Side By Side
  • Gross Building Area: 16060.00
  • Gross Income: 316652.00
  • Net Income: 217503.00
  • Rent Income: 305852.00
Courtesy of David Nalbandyan, La Premier Realty
Copyright 2018, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.