6948 N WOODMAN Avenue Van Nuys, CA ^$ 3,295,000

6948 N WOODMAN Avenue

^$ 3,295,000

Back to search

Recently Listed

6948 N WOODMAN Avenue

Van Nuys, CA, 91405

^$ 3,295,000

Bedrooms4 Baths5.0 Sq 5,284

Monthly Estimate*

^$ 23,017

Listed by Coldwell Banker Realty

6948 N WOODMAN Avenue, Van Nuys, CA 91405 - Image 1

6948 N WOODMAN Avenue, Van Nuys, CA 91405 - Image 2

6948 N WOODMAN Avenue, Van Nuys, CA 91405 - Image 3

Multi-Family Home for sale in Van Nuys, CA

for $3,295,000 with 4 bedrooms and 5 full baths. This 5,284 square foot home was built on a lot size of 0.4582.

Consider the option to construct or establish a new nursery in Valley Glen, a highly sought-after area in Van Nuys for both multifamily and office developments. This presents an exceptional investment prospect for experienced investors and developers. The property is already set for development, boasting plans for a luxurious apartment complex consisting of 23 units spanning 31,150 square feet, along with an additional 1,200-square-foot ADU. The unit composition is diverse, featuring twenty 2-bedroom + 2-bathroom units and three 3-bedroom + 2-bathroom units, including two designated for low-income residents. Projections indicate an impressive annual gross income of $796,536. The lot, measuring 19,961 square feet, is zoned as R3 (16,817.33 square feet) and R1 (3,151.3 square feet). Market rental rates average $2.58 per square foot. Parking is ample, with a 14,566-square-foot area providing space for 36 vehicles. The average unit size is 1,132 square feet.

Multi-Family Active

Price

^$ 3,295,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.4582

Town/City

Van Nuys

County/Region

Los Angeles

MLS | Web ID

24384959

Days on Market

Features

General

Heating None

Cooling None

Possession CloseOfEscrow

Zoning LAR3

Stories 2

Levels Two

Gross Income 0.0

County Los Angeles

Net Operating Income 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions East on Woodman North of Vanowen South of Sherman Way

City Van Nuys

View Y/N N

Senior Community Y/N N

Total Units 2

Lot Size Square Feet 19961.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name WOODMAN

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Exterior

Parking Features None

Total Parking 7.0

Lot Size Area 19961.0

Number of Buildings 1

Spa N

Building Area Total 5284.0

Lot Dimensions 97x205

Lot Size Acres 0.4582

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Total Bedrooms 4

Electric On Property Y/N N

Total Baths 5

Internal Only

Street Number 1 6948

* Excluded Features

List By

Coldwell Banker Realty

Broker

(310) 467-5906

Phone

Affordability Calculator

$23,017

Per Month

Monthly Principal & Interest: $23,017
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in Van Nuys, CA

Average List Price ^$2,794,404

Percent of Sale Price 15%

About Van Nuys, CA

172,355 Population

0% Since 2002

^$0 Median Income

0 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/26/2024	$3,295,000		Listed Price

Map

More homes like this one

homes for you

See all

6948 N WOODMAN Avenue, Van Nuys, CA, 91405 is a Multi-Family Home for sale at $3,295,000 with 5,284 sqft and a lot size of 0.4582. 6948 N WOODMAN Avenue has 4 bedrooms and 5.0 baths. The property's zip code is 91405 which is in Van Nuys, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

6948 N WOODMAN Avenue

Multi-Family Home for sale in Van Nuys, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home