6940 Woodley Avenue

    Van Nuys, CA 91406
    • $1,100,000
    • STATUS: Active
    • ON SITE: 96 days
    • ID#: 19478804
    UPDATED: 43 min ago
    $1,100,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,074
      SQFT
    • $358
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this four (4) unit multifamily investment opportunity located at 6940 Woodley Avenue, in the City of Van Nuys. This two-story building, consisting of one structure, was constructed of wood frame and stucco on a raised foundation built in 1948 with a square footage of 3,074 on a 6,366-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of four (4) 2+1 units. The subject property is 100% occupied, and is subject to rent control regulation. The investment boasts spacious floor plans, secured gated entry, recently painted, on-site garaged parking, and individually metered for gas and electricity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T11:43:31.403. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/96002868

    6940 Woodley Avenue Van Nuys, CA 91406

    • Price: $1,100,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 19478804
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,074
    SQFT
    $358
    $/SQFT
    1948
    Built
    Neighborhood:
    LKBL - Lake Balboa
    County:
    Los Angeles
    Area:
    LKBL - Lake Balboa
    Property Description
    We are pleased to offer for sale this four (4) unit multifamily investment opportunity located at 6940 Woodley Avenue, in the City of Van Nuys. This two-story building, consisting of one structure, was constructed of wood frame and stucco on a raised foundation built in 1948 with a square footage of 3,074 on a 6,366-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of four (4) 2+1 units. The subject property is 100% occupied, and is subject to rent control regulation. The investment boasts spacious floor plans, secured gated entry, recently painted, on-site garaged parking, and individually metered for gas and electricity.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.72 Gross Multiplier 14.75 Gross Operating Income 74580.00 Improvements Amount 127372 Land Value 164042 Laundry YN Yes Net Operating Income 51922.00 Special Listing Conditions Standard Total Expenses 21166.00 Zoning Lar3

    Listing provided courtesy of Davis Saadian of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-22T11:43:31.403. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
    J1 REALTY GROUP
    16755 Von Karman Ave, Ste 200
    Irvine CA, 92606