5846 Woodman Avenue, Van Nuys

$2,995,000

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8

Beds

4

Baths

9,876

Square feet

0.30

Acres

About 5846 Woodman Avenue

Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 7.05% Cap Rate/10.52 GRM 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 7.05% with a Pro-forma cap rate of 15.90%/5.38 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.

Features of 5846 Woodman Avenue

MLS® # 24413159
Price $2,995,000
Bedrooms 8
Bathrooms 4.00
Square Footage 9,876
Acres 0.30
Year Built 1952
Type Residential Income
Status Active

Community Information

Address 5846 Woodman Avenue
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 July 9th, 2024
Days on Market 14
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentRohom Tabankia
OfficeARLO Real Estate Advisors

Listing Map

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