Homes for sale - 7011 Woodley Ave, Van Nuys, CA 91406

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Naomi Kalkanoff

naomi.kalkanoff@engelvoelkers.com +1(310) 418-8546

$ 1,199,000

Est. payment -/mo

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Price Dropped by $96K

7011 Woodley Ave Van Nuys, CA 91406

10 Beds

6 Baths

3,542 SqFt

UPDATED:

12/05/2024 07:09 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,542 sqft

Price per Sqft $338

MLS Listing ID 24-439815

Style Architectural

Bedrooms 10

Construction Status Additions/Alter

Year Built 1954

Lot Size 7,003 Sqft

Acres 0.1608

Property Description

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.)

Location

State CA

County Los Angeles

Area Lake Balboa

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall, Forced Air

Cooling Wall Unit(s), Air Conditioning

Flooring Laminate, Ceramic Tile, Carpet

Inclusions All gas ranges in kitchens are owners

Equipment None

Laundry Community, Laundry Closet Stacked

Exterior

Parking Features Assigned, Parking Space, Driveway - Concrete

Garage Spaces 6.0

Pool None

Amenities Available None

Waterfront Description None

View Y/N No

View None

Roof Type Composition, Shingle

Building

Story 2

Sewer In Street Paid

Water District, Meter on Property

Architectural Style Architectural

Level or Stories Multi/Split, Two

Construction Status Additions/Alter

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by KW Advisors

Naomi Kalkanoff

Agent

+1(310) 418-8546

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