5846 Woodman Avenue

Van Nuys, CA 91401

  • 19 Bed(s)
  • 0 Bath(s)
  • 9,876 Sqft
  • 13029
    Sqft(Lot)
$3,095,000

Description

Investment opportunity of a 10-unit building located at 5846-5850 woodman avenue, valley glen, ca. offered at a current 6.64% cap rate/10.19 grm with 77% upside in rents! one (1) 3bd-1.5ba move in ready units may be delivered vacant at the close of escrow. this property consists of two buildings with a mix of (4) 1-bedroom/1-bath and (2) 2-bedroom/1-bath (2) 3-bedroom/1-bath (1) townhouse style 3-bedroom/1 1/2-bath and (1) 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 6.64% with a pro-forma cap rate of 12.7%/6.34 grm. pro-forma figures take into consideration $325,000 cap ex to develop four adu units. in addition, 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49895813

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Property Details

  • Bedroom Information

    • Total Bedrooms : 19

    Bathroom Information

    • Total Baths: 10
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Property Appliances: Disposal,Refrigerator

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Natural Gas
    • Has Heating

  • Building Information

    • Year Built: 1952
    • Building Area Total: 9,876

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2991
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 13029

  • Listing Price Information

    • Original List Price: 3,095,000
    • Listing Contract Date: 2025-05-21

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 2343005014

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: VG - Valley Glen
    • Postal Code Plus 4: 4452
    • Directions: Woodman Ave and Hatteras
    • Zoning: LARD1.5
    • Source Property Type: Residential Income
    • Area: VG - Valley Glen

    Building and Construction

    • Property Age: 73
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 9876
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/14/2025 @ 06:51

  • MLS: 25542003
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 19 bedrooms which is for sale, it has 9,876 sqft, 13,029 sized lot, and 0 parking. are nearby neighborhoods.