7507 Woodman

Van Nuys, CA, 91405
For Sale $7,550,000
  • 50beds
  • 21,159sqft
  • 0.72acre
Listing agents:
Brett Sanson
License #01387480
Marcus & Millichap
Jeffrey Louks
License #00908473
Marcus & Millichap
We are pleased to present 7507 Woodman Ave, Van Nuys, where opportunity meets potential in this 34-unit apartment building.Built in 1986, this property is not subject to LA City Rent Control (Only Subject to CA State Rent Control AB 1482).Situated amidst a bustling neighborhood, this property offers a unique investment prospect for savvy buyers looking to capitalize onuntapped potential. With a strategic renovation and management plan, there is ample opportunity to enhance both the aesthetic appealand functionality of each unit, thereby increasing rental income and overall property value.The dense location offers convenient access to major transportation arteries and essential amenities, ensuring residents have easyconnections to employment centers, shopping, and dining options.The building itself features a mix of unit sizes, including 22 two bedroom, 6 one bed room, and 6 studio apartments accommodating arange of tenant needs. Amenities such as gated parking and on-site laundry facilities are in place, providing a foundation upon which tobuild additional value for residents.

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7507 Woodman is a Residential Income property located in Van Nuys, California, featuring a 0.724 acre lot, 21,159 sqft, 50 bedrooms, MLS #24418991.

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Data last modified: 2024-10-22 23:07:01