7507 Woodman Avenue

Van Nuys, CA 91405

PRICE REDUCED

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-$500,000 (-5.99%)

$7,850,000

List Price

50

bed Beds

34

shower Baths

21,159 sqft

straighten / sqft

1986

calendar_month Built

Property 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 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.

Listing Information

List Price $7,850,000
Status Active
MLS 24418991
Type Residential Income
Year Built 1986
Lot Size 31,531
Structure Size 21,159
DOM 49
Courtesy Of Marcus & Millichap
Listing Agent Brett Sanson DRE#01387480
Co-Listing Agent Jeffrey Louks DRE#00908473

Interior Features

Total Bedroom
Bedrooms 50
Total Bathroom
Bathrooms 34

Exterior Information

Maps

Listing information courtesy of: Brett Sanson, Jeffrey Louks, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 9th, 2024 at 7:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.