$3,199,999
5846 Woodman Avenue, Van Nuys 91401
10
Beds
5
Baths
9,876
Square feet
13,029
Lot Size
10
# Of Units
Listing Agent
Rohom Tabankia - ARLO Real Estate AdvisorsInvestment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 6.52% Cap Rate with 96% upside in rents! Three (3) 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 6.52% with a Pro-forma cap rate of 14.80%. 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.
Facts & Features
MLS® # | 24369987 |
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Price | $3,199,999 |
Bedrooms | 10 |
Bathrooms | 5.00 |
Square Footage | 9,876 |
Lot Size | 13,029 |
Year Built | 1952 |
Type | Residential Income |
Status | Active |
# Of Units | 10 |
Community Information
Address | 5846 Woodman Avenue |
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Area | VG - Valley Glen |
City | Van Nuys |
County | Los Angeles |
Zip Code | 91401 |
Amenities
Parking Spaces | 10 |
---|---|
Is Waterfront | No |
Has Pool | No |
Interior
Appliances | Disposal, Refrigerator |
---|---|
Heating | Natural Gas |
Cooling | Wall/Window Unit(s) |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | March 18th, 2024 |
---|---|
Days on Market | 63 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Rohom Tabankia |
---|---|
Office | ARLO Real Estate Advisors |