$3,199,900
For Sale

5846 Woodman

Van Nuys, CA 91401
9876 sqft | 14 beds | 4 baths | #22172177
Courtesy of ARLO Real Estate Advisors

Description

AGGRESSIVE SELLER FINANCING IS AVAILABLE. Investment opportunity of a 100% occupied 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. This property consists of two buildings with a mix of (6) 1-Bedroom/1-Bath and (2) 2-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.Plans have been approved to convert all the garages into Four new 2bd 1ba ADU units. The current cap rate is 3.95% with a Pro-forma cap rate of 10.43%. In addition, all units are separately metered for gas and electricity and have wall-unit A/C and Heat with the exception of the two townhouse-style units which have central A/C.
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  • Interior Details
    • Beds & Baths
      • Bedrooms:14
      • Bathrooms:4
  • Property Details
    • Property
      • Stories:2
      • Pool:1
    • Measurements
      • Acres:0.2991
      • Square Feet:9876
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1952
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$3, 199, 000
      • Selling Office Commission:2.000
  • Other
    • Source
      • MLS #:22172177

Location

Rami ElminoufiReal Estate Group
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