Triplex With Value-Add
New
For Sale
$975,000
5623 Woodman Ave, Los Angeles, CA 91401
Front residence and rear duplex include a vacant unit suited to renovation and repositioning.
Property Size2,354 SF
Price / SF$414.19
Days on Market7
Property Features for 5623 Woodman Ave
General Information
Standard status
Active
Size
2,354 SF
Total Parking Spaces
3
Property subtype
MULTI_FAMILY
Property Condition
Severity
Repairs Needed
Evidence
partially stripped condition
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
shared courtyard
Building Details
Building Size
2,354 SF
Year Built
1942
Buildings
2
Listing Agency:
Marcus & Millichap
(818) 212-2700
Listed By:
Jason Tuvia · License #01772495
Source:
Benbelack
Added: Aug 18
Changed: Aug 22
Last Checked: Aug 24 at 3:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This 2,354-square-foot triplex, built in 1942, consists of a front house and a separate rear duplex. One unit is vacant and partially stripped, creating a renovation opportunity for a buyer seeking to reposition the space. The property also includes three garage parking spaces, which may offer ADU conversion potential subject to buyer verification.
Outdoor areas include a shared courtyard with mature landscaping. The property is in Van Nuys near Sherman Oaks, with access to Burbank Boulevard, Fulton Avenue, the 101, 405, and 170 freeways, as well as the Metro Orange Line. Dining, shopping, recreation, and everyday amenities are available throughout the surrounding Van Nuys and Sherman Oaks areas. The property qualifies for 30-year fixed residential financing.
Outdoor areas include a shared courtyard with mature landscaping. The property is in Van Nuys near Sherman Oaks, with access to Burbank Boulevard, Fulton Avenue, the 101, 405, and 170 freeways, as well as the Metro Orange Line. Dining, shopping, recreation, and everyday amenities are available throughout the surrounding Van Nuys and Sherman Oaks areas. The property qualifies for 30-year fixed residential financing.
Key Highlights
- 2,354‑square‑foot triplex built in 1942
- Front house plus rear duplex configuration
- One unit delivered vacant in partially stripped condition
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Front residence and rear duplex include a vacant unit suited to renovation and repositioning.
Where is this triplex located?
The property is located at 5623 Woodman Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,354‑square‑foot triplex built in 1942; Front house plus rear duplex configuration; One unit delivered vacant in partially stripped condition
