Valley Glen 10-Unit
5923 Woodman AVE, Valley Glen, CA 91401
For Sale
$1,849,000
10-unit apartment building in Valley Glen with upgrades.
Property Size4,944 SF
Price / SF$373.99
Days on Market234
Property Features for 5923 Woodman AVE
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Rodeo Realty
Listed By:
Marc Tahler · License CA #01077251
(818) 970-3000
Source:
Benbelack
Added: Mar 27
Changed: Nov 10
Last Checked: Nov 14 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 Rodeo Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10-unit building is located in Valley Glen. The property features a replaced roof (approximately 7 years ago), upgraded copper plumbing, and a replaced sewer main-line from the curb to the building. The property includes owned washer and dryer units, presenting the potential for approximately $300 in additional monthly income. The parking lot, offering seven spaces, has a fresh top-coat. A rear patio area with two storage units is included. The building has a total size of 4944 square feet.
Key Highlights
- Fully occupied 10‑unit building with reliable, on‑time tenants
- Recent major upgrades including roof (approx. 7 years), copper plumbing, and sewer main‑line replacement
- Excellent 1031 exchange opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,553
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,060
$1.6M
Cap Rate 7%
$1,136,471
$1.1M
Cap Rate 9%
$883,922
$883.9K
Market Conditions
NOI Build-Up for 4,944 SF
Gross rent
$157.2K $31.80/SF
− Vacancy
−$12.6K −$2.54/SF
EGI
$144.6K $29.26/SF
− OpEx
−$65.1K −$13.17/SF
NOI
$79.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,060
Cap Rate 7%
$1,136,471
Cap Rate 9%
$883,922
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$994.4K – $1.33M
NOI $79,553 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,493 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,498
Businesses Nearby
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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
$988,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 10-unit apartment building in Valley Glen with upgrades.
Where is this apartment building located?
The property is located at 5923 Woodman AVE Valley Glen, CA.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Fully occupied 10‑unit building with reliable, on‑time tenants; Recent major upgrades including roof (approx. 7 years), copper plumbing, and sewer main‑line replacement; Excellent 1031 exchange opportunity
