6000 Woodman Ave Los Angeles, CA 91401

Property Details for 6000 Woodman Ave

Year built

1954

Property size

7,973 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use property, located at 6000 Woodman Avenue in Los Angeles, CA 91401, offers a compelling investment opportunity. The 7,973 square foot building sits on a 10,827 square foot lot and boasts a diverse tenant mix including a medical clinic, comedy club, catering business, smoke lounge, and professional office. Built in 1954 and meticulously maintained, the property features recent capital and tenant improvements. Currently 100% occupied, it provides a stable income stream with a 6.55% cap rate and a pro-forma cap rate of 7.84%. The property benefits from a prime location at the signalized intersection of Woodman Avenue and Oxnard Street, experiencing approximately 22,000 vehicles daily. This high-traffic area, combined with its proximity to the Metro Orange Line busway and major freeways (101, 405, and 170), ensures excellent visibility and accessibility. The land value is $333 per square foot. The asking price is $3,600,000, with a price per square foot of $452. The property includes 25 parking spaces (leased from Metro, not included in sale), a ratio of 3.14 spaces per 1,000 square feet. Zoned LAC1.5, this asset presents significant upside potential in a thriving Van Nuys market. The property's strategic location, stable tenant base, and strong market fundamentals make it an ideal acquisition for investors seeking robust income and future appreciation.