7011 Woodley Avenue
Van Nuys, CA 91406
- – beds
- – baths
- – sqft
- 7,003 sqft lot
- 1954 build
- – on site
Well maintained 6-unit building in Lake Balboa, one of the most sought after neighborhoods in LA. Close to shopping, markets, less than 2 miles from Balboa Park. Fully rented, 5 of the units have laminate and ceramic tile floors.All the exterior facing windows have been replaced, roof completely replaced in 2019. Owner pays water/power for bldg., so the next owner can pay to have split meters for each unit thus greatly increasing the net income. Owner pays a service company to lease the washer/dryer. Each unit has wall AC unit, and wall gas heater. Four units are 1 bed 1 bath, 2 units are 3 bed 1 bath. Owners monthly expenses: $1000 water/power, $400 trash, $75 pest control, $100 gardening, $43 for laundry lease/ maintenance. Each unit has one assigned parking space. Plently of street parking. Across from the new Vallarta super market/ tortilleria/ bakery. Approx 70% of owners expense is that the building has one water meter. A new owner could apply to LADWP for permission to have this split so each unit has its own individual water bill thus greatly reducing the owner's monthly expenses. Seller is highly motvated. Seller is not doing a 1031 tax exchange so closing can be quick. (The annual rent control rent raise is February.)
Last checked:
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Last updated Nov 20, 2024
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MLS# 24439815 —
The Building
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Year Built:1954
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Year Built Source:Assessor
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New Construction:No
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Roof:Composition, Shingle
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Faces:South
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Building Area Total:3542.00
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# of Buildings:1
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Total Number Of Units:6
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Stories Total:2
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# of Separate Gas Meters:6
Interior
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Levels:Multi/Split, Two
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Window Features:Double Pane Windows
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Flooring:Laminate, Carpet
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Laundry:Community, Stackable
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Laundry:1
Location
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Directions:On Woodley Ave between Vanowen and Sherman Way in Lake Balboa, just off Hart Street
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Latitude:34.19795900
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Longitude:-118.48405400
The Property
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Property Type:Residential Income
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Property Condition:Additions/Alterations
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Zoning:LAR3
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Lot Size Area:7003.0000
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Lot Size Acres:0.1608
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Lot Size SqFt:7003.00
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Lot Size Source:Assessor
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View:None
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Exclusions:All tenant personal property is excluded.
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2224010008
Heating & Cooling
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Heating:1
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Heating:Wall Furnace, Forced Air
Utilities
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Sewer:Sewer Paid
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Water Source:Public
Appliances
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Included:Yes
The Community
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Senior Community:No
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Pool:None
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Private Pool:No
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Spa Features:None
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Inclusions:All gas ranges in kitchens are owners
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Assigned, Parking Space, Concrete
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Parking Spaces:6.00
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Uncovered Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/14/24
Nov 14, 2024
|
Price Changed | CRMLS_CA | $1,199,000 | -7.4% |
|
9/16/24
Sep 16, 2024
|
Listed / Active | CRMLS_CA | $1,295,000 |
