7011 Woodley AVE Active Save Request In-Person Tour Request Virtual Tour
Van Nuys,CA 91406
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
Garage 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