6234 Woodman Ave Van Nuys, CA 91401
Nine-unit apartment building in Van Nuys, not subject to rent control.
Property size:
9,265 SFLot size:
0.19 AcresProperty Features for 6234 Woodman Ave
General Information
- Size
- 9,265 SF
- Lot size
- 0.19 Acres
Building Details
- Year built
- 1987
Source:
Kw
Listing Agent: Jeffrey Louks
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Van Nuys Multifamily Investment Opportunity
The property at 6234 Woodman Avenue is a 9-unit multifamily building located in Van Nuys, Los Angeles, CA. Constructed in 1987, the property is not subject to the Los Angeles City Rent Stabilization Ordinance (RSO). The unit mix comprises eight 2-bedroom/2-bathroom units and one 1-bedroom/1.5-bathroom unit with a den. The property is positioned to capitalize on Van Nuys' rental market due to its proximity to the Van Nuys Civic Center (1.2 miles away) and the entertainment and media industries in Studio City and Sherman Oaks. The 2-bedroom units are suited for higher-income tenants, while the 1-bedroom unit with a den offers flexibility for remote workers. The property presents value-add potential through targeted renovations to boost rental income and property value. The absence of RSO restrictions allows investors to adjust rents to market rates. The location offers access to public transit (Van Nuys Metro link Station, 1.5 miles away) and major highways (I-405 and US-101). The Van Nuys multifamily market has strong investor interest and appreciating property values, driven by limited inventory and steady demand. The building has a property size of 9265 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Friedman & Friends Education ...
Association / Organization
Location Insight
- Map
- Local Demand
- City
- Van Nuys
- County
- Los Angeles
- State
- California
- Longitude
- -118.431049
- Latitude
- 34.1841124
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Nine-unit apartment building in Van Nuys, not subject to rent control.
Where is this apartment building located?
The property is located at 6234 Woodman Ave Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,675,000.
What are key features of this property?
This property features: - Not subject to Los Angeles City Rent Stabilization Ordinance (RSO), allowing for market-based rent adjustments.; - Located in the desirable Van Nuys neighborhood, close to major employment centers (Van Nuys Civic Center, Studio City, Sherman Oaks).; - Value-add potential through renovations to increase rental income and property value.