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Multifamily

6859 Woodman Ave

6859 Woodman Ave, Van Nuys, CA 91405

Listing Price: $2,200,000

Cap Rate
4.30%
Number of Units
7
Occupancy
97.0%
Price/Unit
$314,286
Price/Gross SF
$352.45
Gross SF
6,242

Investment Overview

Marcus & Millichap is pleased to present a seven-unit multifamily property located in an excellent Valley Glen location. With a Certificate of Occupancy issued in December 1978, the property is not subject to LA City Rent Control (Still Subject to CA Rent Control AB1482). There is a nice unit mix of five one-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and one three bedroom/two-bathroom unit. Located just north of Vanowen Street, the property provides residents a central location for easy access to much of the San Fernando Valley. LA Valley College, Sepulveda Basin Recreation Center, and Van Nuys/Sherman Oaks Recreation Center are some of the notable destinations nearby. In addition to the desirable location, the property offers residents central AC & heat, gated entry, central courtyard, covered and open gated parking, and an on-site laundry facility. This opportunity is ideal for an investor looking for a Non LA City Rent Controlled asset in a dense rental market.

Investment Highlights

  • Built in 1978- Not Subject to LA City Rent Control
  • Central A/C & Heat
  • LA City Soft Story Retrofitting Work Complete
  • Attractive Unit Mix of One, Two and Three Bedroom Units
  • Gated Parking - 3 Tuckunder and 9 Open Spaces

Exclusively Listed By

Financing By

Multifamily

6859 Woodman Ave

Listing Price: $2,200,000

Cap Rate
4.30%
Number of Units
7
Occupancy
97.0%
Price/Unit
$314,286
Price/Gross SF
$352.45
Gross SF
6,242

Investment Highlights

  • Built in 1978- Not Subject to LA City Rent Control
  • Central A/C & Heat
  • LA City Soft Story Retrofitting Work Complete
  • Attractive Unit Mix of One, Two and Three Bedroom Units
  • Gated Parking - 3 Tuckunder and 9 Open Spaces

Investment Overview

Marcus & Millichap is pleased to present a seven-unit multifamily property located in an excellent Valley Glen location. With a Certificate of Occupancy issued in December 1978, the property is not subject to LA City Rent Control (Still Subject to CA Rent Control AB1482). There is a nice unit mix of five one-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and one three bedroom/two-bathroom unit. Located just north of Vanowen Street, the property provides residents a central location for easy access to much of the San Fernando Valley. LA Valley College, Sepulveda Basin Recreation Center, and Van Nuys/Sherman Oaks Recreation Center are some of the notable destinations nearby. In addition to the desirable location, the property offers residents central AC & heat, gated entry, central courtyard, covered and open gated parking, and an on-site laundry facility. This opportunity is ideal for an investor looking for a Non LA City Rent Controlled asset in a dense rental market.

Exclusively Listed By

Financing By

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