• Asking Price $3,295,000
  • Estimated Value: $3,571,515

  • 6948 WOODMAN AVE VAN NUYS, CA 91405

  • 5 Baths 5,284 SqFt
  • Single Family Home / Resale (MLS)
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Property Details for 6948 WOODMAN AVE, VAN NUYS, CA 91405

Features

  • Price/sqft: $623
  • Lot Size: 19961 sq. ft.
  • Total Units: 1
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
  • Stories: 200
  • Roof Type: GABLE
  • Heating: 6
  • Construction Type: Wood
  • Exterior Walls: Stucco

Facts

  • Year Built: 01/01/1931
  • Property ID: 879068359
  • MLS Number: 24-384985
  • Parcel Number: 2328-010-025
  • Property Type: Single Family Home
  • County: LOS ANGELES
  • Legal Description: *LAND DESC IN DOC 0005003, 76-8-31*TR= 12167*POR OF LOT/SEC 5
  • Zoning: LAR3
  • Listing Status: Active

Pre-Foreclosure Info

  • Recording Date: 02/19/2009
  • Recording Year: 2009

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Consider the option to construct or establish a new nursery in Valley Glen, a highly sought-after area in Van Nuys for both multifamily and office developments. This presents an exceptional investment prospect for experienced investors and developers. The property is already set for development, boasting plans for a luxurious apartment complex consisting of 23 units spanning 31,150 square feet, along with an additional 1,200-square-foot ADU. The unit composition is diverse, featuring twenty 2-bedroom + 2-bathroom units and three 3-bedroom + 2-bathroom units, including two designated for low-income residents. Projections indicate an impressive annual gross income of $796,536. The lot, measuring 19,961 square feet, is zoned as R3 (16,817.33 square feet) and R1 (3,151.3 square feet). Market rental rates average $2.58 per square foot. Parking is ample, with a 14,566-square-foot area providing space for 36 vehicles. The average unit size is 1,132 square feet.

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Property Brokerage: Coldwell Banker Realty 11661 San Vicente Blvd. 10th Floor Los Angeles CA 92691
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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