7011 Woodley Avenue, Van Nuys, CA 91406
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Listed Price :
$1,199,000
-
Beds :
10
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Baths :
6
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Property Size :
3,542 sqft
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Year Built :
1954
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.)
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Stacked |
| Bedroom Information |
| Bedrooms |
10 |
| Bathroom Information |
| Bathrooms |
6 |
| Flooring Information |
| Material |
Carpet, Laminate |
Listing Information
| Address |
7011 Woodley Avenue |
| City |
Van Nuys |
| State |
CA |
| Zip |
91406 |
| County |
Los Angeles |
| Listing Agent |
Robert Glinert DRE #01254216 |
| Courtesy Of |
KW Advisors |
| List Price |
$1,199,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
3,542 |
| Lot Size |
7,003 |
| Year Built |
1954 |
Listing information courtesy of: Robert Glinert, KW Advisors. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 8:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
