7011 Woodley AVE, Van Nuys, CA 91406 – 24439815 - Chan Wathen

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$1,199,000

Est. payment - /mo

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10 BD

6 BA

3,542 SqFt

Price Dropped by $96K

7011 Woodley AVE Van Nuys, CA 91406

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Chan Wathen

[email protected] +1(702) 461-7869

UPDATED:

12/05/2024 08:34 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,542 sqft

Price per Sqft $338

MLS Listing ID 24439815

Bedrooms 10

Construction Status Additions/Alterations

HOA Y/N No

Year Built 1954

Lot Size 7,004 Sqft

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 Lkbl - Lake Balboa

Zoning LAR3

Interior

Heating Forced Air, Wall Furnace

Flooring Carpet, Laminate

Inclusions All gas ranges in kitchens are owners

Fireplace No

Laundry Common Area, Stacked

Exterior

Parking Features Assigned, Concrete, One Space

Pool None

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 6

Private Pool No

Building

Faces South

Story 2

Entry Level Two,Multi/Split

Sewer Sewer Tap Paid

Water Public

Level or Stories Two, Multi/Split

New Construction No

Construction Status Additions/Alterations

Others

Senior Community No

Tax ID 2224010008

Financing Cash

Special Listing Condition Standard

Listed by Robert Glinert • KW Advisors

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Chan Wathen

REALTOR ® | RE.NV Lic.# S.59111

+1(702) 461-7869

7011 Woodley AVE Van Nuys, CA 91406

Chan Wathen

Key Details

Location

Interior

Exterior

Building

Others

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7011 Woodley AVE