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$3,037,500
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Property Description
We are pleased to offer this nine unit investment opportunity, located in the City of Van Nuys. The unit mix consists of three 1+1 units and six 2+2 units. The investment consists of approximately 7,645 of rentable square feet and is situated on an approximately 10,935 square foot parcel. Property upgrades include a new surveillance system, new exterior paint, new exterior lighting, new exterior building and unit numbers, and six of the units have recently been renovated. The building amenities include a large parking area with ten total spaces, a large storage room with potential to be converted to an ADU, a secured gated entry, and the property is separately metered for both gas & electricity. The property is not subject to the City of Los Angeles RSO, however it is subject to rent control under AB 1482, which allows rent increases of 5% plus local CPI. The property is in compliance with the Los Angeles Soft-Story Retrofit Program.
Full Property Details
Full Property Details for 5804 Woodman Ave
General
- Sold For: $3,037,500
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 23-283877
- Added to Site: 978 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 15
Bedrooms
- Total Bedrooms: 15
Additional Information
- Other Features: None
Parking
- Garage Description: Gated
Location
- Area: Valley Glen
- County: Los Angeles
- Driving Directions: The subject property is located in the City of Van Nuys. The property is situated south of Oxnard Street, North of Burbank Boulevard, West of Fulton Avenue and East of Hazeltine Avenue.
Heating & Cooling
- Cooling Type: Ceiling Fan
- Heating Type: Wall Gas
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 7,645
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1989
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 9
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 21
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Total Bathrooms: 2
- Bedrooms: 2
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 2
- Bedrooms: 2
Unit 7
- Total Bathrooms: 2
- Bedrooms: 2
Unit 8
- Total Bathrooms: 1
- Bedrooms: 1
Unit 9
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size: 10935
- Lot Size Source: Other
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $405.49
- Assessment Year: 1989
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 2343-005-028
Listed by BRC Advisors- BH, Griffin White
Sold by Reza Ghobadi, Reza Ghobadi
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Schools
Schools serving 5804 Woodman Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Erwin Elementary School 13400 Erwin St., Los Angeles, CA 91401 | K-5 | 0.6 mi |
Louis D. Armstrong Middle School 5041 Sunnyslope Ave., Los Angeles, CA 91423 | 6-8 | 0.9 mi |
Ulysses S. Grant Senior High School 13000 Oxnard St., Los Angeles, CA 91401 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5804 Woodman Ave
Date
Details
Price
Change
Source
10/16/2023
Sold
$3,037,500
-2.02%
MLS
8/21/2023
Price Reduced
$3,100,000
-1.59%
MLS
7/31/2023
Price Reduced
$3,150,000
-4.4%
MLS
6/22/2023
Listed
$3,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5804 Woodman Ave, Van Nuys, CA 91401 (MLS# 23-283877) is a Multi-Family property that was sold at $3,037,500 on October 16, 2023. Want to learn more about 5804 Woodman Ave? Do you have questions about finding other Multi-Family real estate for sale in Valley Glen? You can browse all Valley Glen real estate or contact a Coldwell Banker agent to request more information.

