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5846 Woodman Avenue

Van Nuys, CA 91401

– beds
– baths
– sqft
13,029 sqft lot
1952 build
– on site

Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 7% Cap Rate/10.48 GRM with 96% upside in rents! ONE (1) 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 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. 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 7% with a Pro-forma cap rate of 15.86%/5.37 GRM. 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.

Listed By CRMLS_CA / Rohom Tabankia / ARLO Real Estate Advisors

Last checked: Checking… • Last updated Oct 22, 2024 •

MLS# 24413159 —

The Building

Year Built:

1952
New Construction:

No
Building Area Total:

9876.00
# of Buildings:

4
Total Number Of Units:

10
Stories Total:

2

Interior

Levels:

Two
Laundry:

Community
Laundry:

1

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

Woodman Ave and Hatteras
Latitude:

34.17697900
Longitude:

-118.43089200

The Property

Property Type:

Residential Income
Zoning:

LARD1.5
Lot Size Area:

13029.0000
Lot Size Acres:

0.2991
Lot Size SqFt:

13029.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

2343005014

Heating & Cooling

Heating:

1
Heating:

Natural Gas
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Appliances

Appliances:

Disposal, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking Spaces:

10.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/22/24 Oct 22, 2024	Price Changed	CRMLS_CA	$2,995,995	0.0%
7/9/24 Jul 9, 2024	Listed / Active	CRMLS_CA	$2,995,000
5/20/24 May 20, 2024	Price Changed	CRMLS_CA

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This multifamily located in South Valley, Los Angeles, CA 91401 is currently for sale for $2,995,995. 5846 Woodman Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 136 days. 5846 Woodman Avenue is in the South Valley neighborhood of Los Angeles and has a WalkScore® of 76, making it very walkable.

Listing Courtesy of: CRMLS_CA and ARLO Real Estate Advisors. Based on information from California Regional Multiple Listing Service, Inc. as of 19:00 on Nov 22.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.