Property Showcase

6551 WOODLEY AVELos Angeles, CA 91406

$1,650,000
Multi-Family
Status: For Sale Under Contract
  • Bed:13
  • Bath:14
  • Sqft:
  • MLS#: 18301512
34.190120697021484-118.48403930664063
Courtesy Of Filip Niculete, BRE #: 01905352, Marcus & Millichap

Description:

We are pleased to present for sale 6551 Woodley Ave, located in the Lake Balboa neighborhood of Van Nuys, CA. The offering consists of a 7-unit apartment building constructed in 1964. The gross building area on title is 7,675 square feet, with no common area this yields an average approximate unit size of 1,096 square feet. The unit mix is comprised of (1) 1-bedroom 1-bathroom and (6) large 2-bedroom 1.5-bathroom townhouse units; a premium and rare mix for the style, age, and location of this building. These townhouse style units command a premium in rents above the typical 2-bedroom units in Van Nuys. Unit 2 will also be delivered vacant, providing a new owner with the immediate opportunity to renovate the unit and achieve market rent. Current rents are almost 35% below market assuming unit 2 is achieving market rents at the time of purchase. Fully owned laundry machines offer additional income.

Main Features:

Listing Status For Sale Under Contract Year Built 1964
County Los Angeles Rental Price $0
Units 7 Zoning LAR3

Additional Features:

Cooling Other
Has Pool N
Heating Other
Interior Features Other
Parking Types Other
Special Conditions Standard Sale

Extra Features:

MLSSystem ID CARETS_CLAW

Based on information from CARETS as of the timestamp below. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information deemed reliable but not guaranteed.
Copyright© 2018 California Real Estate Technology Services. All Rights Reserved.
Last Updated On: 2/22/2018 7:32:59 AM

6551 WOODLEY AVE, Los Angeles, CA 91406

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Based on information from CARETS as of the timestamp below. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information deemed reliable but not guaranteed.
Copyright© 2018 California Real Estate Technology Services. All Rights Reserved.
Last Updated On: 2/22/2018 7:32:59 AM

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