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    7005 Woodley Ave Los Angeles, CA 91406

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    7005 Woodley Ave Los Angeles, CA 91406

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    • Commercial real estate
    Off-Market
    Property ID
    US09-8707607
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7005 Woodley Ave

    Property type
    Commercial real estate
    APN
    2224-010-009

    Description

    This 11,314 sq ft lot in Los Angeles, CA (APN 2224-010-009), is zoned LAR3-1 and offers a fully entitled, 25-unit residential development opportunity. The plans include 13 one-bedroom/one-bathroom units, 4 one-bedroom/one-bathroom ADUs (convertible from recreation rooms), and 8 two-bedroom/two-bathroom units, with two units designated for very low-income housing. The project features 35 parking spaces (10 on-grade, 25 subterranean), a rooftop deck, and is situated in a prime Van Nuys location near major freeways (5, 170, 134, 101, and 405), offering easy access to commercial corridors (Sherman Way, Victory Blvd, Hayvenhurst Ave, and Haskell Ave) and recreational amenities (Lake Balboa Park). The site allows for 14 units by-right, with a 3:1 FAR and 45-foot height limit, but the Density Bonus program increases this to 21 units, a 4.05:1 FAR, and a 56-foot height limit. The asking price is $1,600,000 ($141.42/sq ft). The property is fee simple ownership. This presents an exceptional opportunity for developers to capitalize on a fully entitled project in a high-demand area. Buyer to verify all information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.4840146
    Latitude
    34.1977974

    Comparable in this City

    • New
      $1,800,000
      0.14 Acres

      Lake Balboa Development Opportunity

      Fully entitled, shovel-ready 37-unit affordable housing project.
      6403 Whitman Ave, Lake Balboa, CA 91406
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      Van Nuys Multifamily with ADU

      Multifamily property in Van Nuys with permitted ADU.
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    • $2,100,000
      4,800 SF

      Van Nuys Quadruplex Opportunity

      Well-maintained Van Nuys quadplex with condominium conversion potential.
      6512 Balboa Blvd, Van Nuys, CA 91406
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    • $1,850,000
      6,450 SF

      Van Nuys Multifamily Investment Opportunity

      Nine-unit apartment building in Van Nuys with freeway access.
      15919 Vanowen St, Van Nuys, CA 91406
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      Van Nuys Multifamily Property

      Well-maintained fourplex in Van Nuys with upside potential.
      6512 Balboa Blvd, Van Nuys, CA 91406
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    • New
      $2,995,000
      Pending

      Van Nuys Multifamily Investment Opportunity

      Multifamily property in high-demand Van Nuys rental market.
      17007 Vanowen 17013, Van Nuys, CA 91406
      View Details

    Similar Nearby for Sale

    • New
      $1,800,000
      0.14 Acres

      Lake Balboa Development Opportunity

      Fully entitled, shovel-ready 37-unit affordable housing project.
      6403 Whitman Ave, Lake Balboa, CA 91406
      View Details
    • $1,069,000
      0.17 Acres

      Van Nuys Multifamily with ADU

      Multifamily property in Van Nuys with permitted ADU.
      6402 Graves Ave, Van Nuys, CA 91406
      View Details
    • $2,100,000
      4,800 SF

      Van Nuys Quadruplex Opportunity

      Well-maintained Van Nuys quadplex with condominium conversion potential.
      6512 Balboa Blvd, Van Nuys, CA 91406
      View Details
    • $1,850,000
      6,450 SF

      Van Nuys Multifamily Investment Opportunity

      Nine-unit apartment building in Van Nuys with freeway access.
      15919 Vanowen St, Van Nuys, CA 91406
      View Details
    • Contact for pricing

      Van Nuys Multifamily Property

      Well-maintained fourplex in Van Nuys with upside potential.
      6512 Balboa Blvd, Van Nuys, CA 91406
      View Details
    • New
      $2,995,000
      Pending

      Van Nuys Multifamily Investment Opportunity

      Multifamily property in high-demand Van Nuys rental market.
      17007 Vanowen 17013, Van Nuys, CA 91406
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Modern Apartments in Van Nuys

      New 4-unit apartment community with modern amenities and convenient location.
      17610 Sherman Way, Van Nuys, CA 91406
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      50,000 SF

      Van Nuys Land Sublease

      Approximately 1.15 acres of land available for sublease.
      16345 Raymer St, Van Nuys, CA 91406
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    • Contact for pricing
      86,459 SF

      M2 Zoned Industrial Lot

      Industrial lot with office, warehouse, and outdoor storage.
      7817 Haskell Ave, Van Nuys, CA 91406
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    • Contact for pricing
      63,915 SF

      Industrial Storage Lot For Rent

      Secured industrial storage lot in Van Nuys near 405.
      16141 Raymer St, Van Nuys, CA 91406
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    • $6,000 /Mo
      4,212 SF

      Van Nuys Commercial Lot Lease

      Large lot with 4,212 SF space for lease.
      16955 Sherman Way, Van Nuys, CA 91406
      View Details
    • Contact for pricing

      Commercial Space in Van Nuys

      Commercial space for rent in a vibrant Van Nuys neighborhood.
      15929 Arminta St, Los Angeles, CA 91406
      View Details
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    7005 Woodley Ave
    Los Angeles, CA 91406
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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