Multifamily
6924 Woodman Ave
6924 Woodman Ave, Los Angeles, CA 91405
Listing Price: $4,075,000
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 6924 Woodman Ave, a 12-unit investment opportunity located in Van Nuys, CA 91405.
6924 Woodman Ave
Investment Highlights
- Owned Laundry Machines: On-site laundry with three washers and two dryers owned by the property adds income potential and boosts tenant retention.
- Ample Parking: The property offers 24 on-site parking spaces, providing convenience for residents and additional appeal for future tenants.
- The property has been upgraded with a brand new roof and new boiler, along with copper plumbing throughout, reducing near-term maintenance costs and ensuring operational efficiency
- Well-Maintained 1989 Construction: Built in 1989 and not subject to Rent Stabilization Ordinance (RSO), the property offers stable structural quality while providing investors with more flexibility in rent growth strategies compared to older RSO-affected assets.
- SB721 Compliant: The building is fully compliant with California's balcony and deck inspection requirements, providing investors with peace of mind and eliminating the need for costly future compliance upgrades.
- Attractive Van Nuys Location: Centrally positioned in Van Nuys, residents benefit from convenient access to major employment centers, educational institutions, and entertainment hubs across Los Angeles.
Exclusively Listed By
Listing Price: $4,075,000
Investment Highlights
- Owned Laundry Machines: On-site laundry with three washers and two dryers owned by the property adds income potential and boosts tenant retention.
- Ample Parking: The property offers 24 on-site parking spaces, providing convenience for residents and additional appeal for future tenants.
- The property has been upgraded with a brand new roof and new boiler, along with copper plumbing throughout, reducing near-term maintenance costs and ensuring operational efficiency
- Well-Maintained 1989 Construction: Built in 1989 and not subject to Rent Stabilization Ordinance (RSO), the property offers stable structural quality while providing investors with more flexibility in rent growth strategies compared to older RSO-affected assets.
- SB721 Compliant: The building is fully compliant with California's balcony and deck inspection requirements, providing investors with peace of mind and eliminating the need for costly future compliance upgrades.
- Attractive Van Nuys Location: Centrally positioned in Van Nuys, residents benefit from convenient access to major employment centers, educational institutions, and entertainment hubs across Los Angeles.
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 6924 Woodman Ave, a 12-unit investment opportunity located in Van Nuys, CA 91405.
Exclusively Listed By
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