5934 Woodman Ave - Apartments FOR SALE


Van Nuys, CA 91401
$2,200,000 USD
818-355-3728
5934 Woodman Ave, Van Nuys, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/10
null | 3.09% Cap Rate

5934 Woodman Ave
Van Nuys, CA 91401


HIGHLIGHTS

  • No Seismic Work Needed
  • 1 Unit to be Delivered Vacant (1 Unit in Process of Eviction)
  • Major Rental Upside
  • Potential ADU Opportunity

OVERVIEW

BRC Advisors is proud to present 5934 Woodman Avenue. This 10 unit, value add apartment building, is located in the heart of the San Fernando Valley, in Van Nuys. The property is to be delivered with 1 unit vacant and an additional unit is currently going through the eviction process. The building presents an opportunity for major rental upside, with an opportunity to reposition for increased cash flow. This multifamily asset is a mix of five 1-bedroom and five 2-bedroom units. This building is not on the city seismic retrofit list (buyer to verify). Also, with an open parking lot in the back there is potential ADU opportunity, providing an additional avenue to increase rental income and overall property value. Please feel free to reach out to me for more information.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$212 USD /SF

# OF UNITS

10

PRICE/UNIT

$220,000

CAP RATE

3.09%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,999 SF

ZONING

LARD1.5

APN/PARCEL ID

2343-001-002

ASK ABOUT THIS PROPERTY

Danny SpiwakBRC Advisors - BH, Inc.More Info
818-355-3728

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Danny SpiwakBRC Advisors - BH, Inc.More Info
818-355-3728

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.