CA > Van Nuys
Van Nuys, CA 91401,5846 Woodman Ave
Van Nuys, CA 91401,5846 Woodman Ave
Van Nuys, CA 91401,5846 Woodman Ave
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,995,995
Est. payment /mo
16 Beds
10 Baths
9,876 SqFt
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UPDATED:

10/22/2024 09:19 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,876 sqft

Price per Sqft $303

MLS Listing ID 24-413159

Bedrooms 16

Year Built 1952

Lot Size 0.299 Acres

Property Description

Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 7% Cap Rate/10.48 GRM with 96% upside in rents! ONE (1) move in ready units may be delivered VACANT at the close of escrow. This property consists of two buildings with a mix of (4) 1-Bedroom/1-Bath and (2) 2-Bedroom/1-Bath (2) 3-Bedroom/1-Bath and (2) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 7% with a Pro-forma cap rate of 15.86%/5.37 GRM. In addition, all units are separately metered for gas and electricity and are equipped with either wall-unit A/C and Heat, Central A/C (two townhouse-style units) or mini split systems. E-Mail LA1 for set up sheet and showings.

Location

State CA

County Los Angeles

Area Valley Glen

Zoning LARD1.5

Rooms

Other Rooms Accessory Dwelling Unit, Other

Interior

Heating Natural Gas

Cooling Wall/Window

Equipment Garbage Disposal, Range/Oven, Refrigerator

Laundry Community

Exterior

Garage Detached

Garage Spaces 10.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by ARLO Real Estate Advisors

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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