Triplex with Shared
For Sale
$975,000
5623 Woodman Ave, Van Nuys, CA 91401
Three-unit configuration combines a front residence with two rear units and includes a value-add vacancy.
Property SizeContact for details
Days on Market10
Property Features for 5623 Woodman Ave
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
partially stripped condition
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
shared courtyard
mature landscaping
One Unit Delivered Vacant and in Partially Gutted Condition
Three On-Site Garage Spaces
Solid Rental Upside (+25%)
Excellent Owner-User Opportunity
Charming Shared Courtyard Offering Residents a Private Space for Outdoor Leisure
Triplex - Main House in Front and Duplex in Rear
Qualifies for 30-Year Fixed Residential Financing
Sherman Oaks Adjacent Location
Building Details
Units
3
Listing Agency:
Marcus & Millichap
(818) 212-2735
Listed By:
Jason Tuvia · License #License(s): CA: 01772495
(818) 212-2735
Source:
Marcusmillichap
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 29 at 5:55AM
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.
Located at 5623 Woodman Ave in Van Nuys, this triplex comprises one front residence and two units positioned toward the rear. One unit is vacant and in partially stripped condition, creating a renovation component within the existing layout. A shared courtyard and mature landscaping add outdoor common space and privacy between the residences.
The property includes three garage parking spaces, with possible ADU conversion subject to buyer verification. Approximately 25% rental upside is identified, and the asset qualifies for 30-year fixed residential financing. Its position north of Burbank Boulevard and west of Fulton Avenue places it near Sherman Oaks, with access to the 101, 405, and 170 freeways, the Metro Orange Line, shopping, dining, recreation, and everyday services.
The property includes three garage parking spaces, with possible ADU conversion subject to buyer verification. Approximately 25% rental upside is identified, and the asset qualifies for 30-year fixed residential financing. Its position north of Burbank Boulevard and west of Fulton Avenue places it near Sherman Oaks, with access to the 101, 405, and 170 freeways, the Metro Orange Line, shopping, dining, recreation, and everyday services.
Key Highlights
- Three‑unit property with one front residence and two rear units
- Vacant unit delivered in partially stripped condition for renovation
- Approximately 25% rental upside identified
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway 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 - Three-unit configuration combines a front residence with two rear units and includes a value-add vacancy.
Where is this triplex located?
The property is located at 5623 Woodman Ave Van Nuys, 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: Three‑unit property with one front residence and two rear units; Vacant unit delivered in partially stripped condition for renovation; Approximately 25% rental upside identified
