Rohom Tabankia
This listing was posted on RealtyWW.
$3,199,999
Home For Sale In Van Nuys, California
Price:
$3,199,999
BR/BA:
10+ BR, 10+ BA
Location:
5846 Woodman Ave, Van Nuys, CA
Description:
Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 6.52% Cap Rate with 96% upside in rents! Three (3) 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 6.52% with a Pro-forma cap rate of 14.80%. 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.For more details: https://realtyww.info/homes_van-nuys-d102736/for-sale_i69815381
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More About this Listing: Home For Sale In Van Nuys, California
Home For Sale In Van Nuys, California is a 10+ BR 10 Bathroom, 10+ BA Single-Family Homes for Sale at 5846 Woodman Ave in Van Nuys CA. Find other listings like Home For Sale In Van Nuys, California and listings near 5846 Woodman Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA Single-Family Homes for Sale in Van Nuys CA.
Home For Sale In Van Nuys, California is a 10+ BR 10 Bathroom, 10+ BA Single-Family Homes for Sale at 5846 Woodman Ave in Van Nuys CA. Find other listings like Home For Sale In Van Nuys, California and listings near 5846 Woodman Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA Single-Family Homes for Sale in Van Nuys CA.