$2,995,000 Price Analysis   ♡   Van Nuys, CA 91401 16 bed 10 bath 9,876 SqFt ($303/SqFt) 0.3 acre lot. Built 1952 Listed 2024-07-09, Taxes $16,715 | Ⓧ USDA Ineligible due to price & location near Kester |
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 buildin gs 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 additin, 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.
Presented by Rohom Tabankia at
ARLO Real Estate Advisors.
Property MLS #24-413159 from TheMLSCLAW
Full Bathrooms: 10
Laundry Features: Community
Heating Features: Natural Gas
Lot Size Source: Assessor
Lot Size Square Feet: 13029
Parking Total: 10
Calculated Total Monthly Association Fees: 0
Number of Units: 10
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 1, 1 SquareFeet: 7830, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 6104, 3 BedsTotal: 2, 3 BathsTotal: 1.5, 3 SquareFeet: 8000, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 9628
Vacancy Allowance: 8538
County: Los Angeles
Cap Rate: 7.05
Directions: Woodman Ave and Hatteras
Source Property Type: Residential Income
Area: Valley Glen
Source Neighborhood: Valley Glen
Owner Pays: Gardener, Water
Parcel Number: 2343-005-014
Postal Code Plus 4: 4452
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $535,500 + $816,000 $1,351,500 | $16,715 |
| 2021 | $525,000 + $800,000 $1,325,000 | $16,497 |
| 2020 | $382,362 + $541,680 $924,042 | $12,019 |
| 2019 | $374,865 + $531,059 $905,924 | $11,568 |
| 2018 | $367,515 + $520,647 $888,162 | $11,453 |
| 2017 | $360,309 + $510,439 $870,748 | $11,169 |
| 2016 | $353,245 + $500,431 $853,676 | $10,881 |
| 2015 | $347,939 + $492,915 $840,854 | $10,730 |
| 2014 | $341,124 + $483,260 $824,384 | $10,791 |
| 2013 | $339,583 + $481,076 $820,659 | $10,831 |
| 2012 | $332,925 + $471,644 $804,569 | $10,922 |
| 2010 | $326,398 + $462,397 $788,795 | $10,612 |
| 2009 | $324,729 + $460,033 $784,762 | $10,234 |
| 2009 | $323,959 + $458,942 $782,901 | $10,234 |
| 2008 | $318,362 + $451,013 $769,375 | $9,811 |
| 2007 | $312,120 + $442,170 $754,290 | $9,484 |
$2,995,000
TheMLSCLAW
Listing removed 2024-07-03
$0
TheMLSCLAW
Price Changed 2024-05-20
$3,095,000
TheMLSCLAW
Listed 2024-03-18
$3,199,999
TheMLSCLAW
Listing removed 2024-01-02
$0
TheMLSCLAW
Listing removed 2023-11-15
$3,199,999
TheMLSCLAW
Listed 2023-07-06
$3,199,999
TheMLSCLAW
Listing removed 2021-04-01
$0
TheMLSCLAW
Price Changed for rent 2021-01-08
$2,295
TheMLSCLAW
Price Changed for rent 2020-12-07
$2,395
TheMLSCLAW
Listed for rent 2020-09-22
$2,495
TheMLSCLAW
Sold 2004-08-30
$1,450,000
Public Record
Year Built: 1952
Levels: Two Level
Living Area Source: Assessor
Property Age: 72
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.