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

6948 N Woodman Avenue

^$ 3,295,000

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Recently Listed

6948 N Woodman Avenue

Van Nuys, CA, 91405

^$ 3,295,000

Studio Baths0.0

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

6948 N Woodman Avenue, Van Nuys, CA 91405 - Image 4

6948 N Woodman Avenue, Van Nuys, CA 91405 - Image 5

Studio

Lots and Land for sale in Van Nuys, CA

for $3,295,000. The lot size is 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.

Lots and Land Active

Price

^$ 3,295,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

0.4582

Town/City

Van Nuys

County/Region

Los Angeles

MLS | Web ID

24384985

Days on Market

Features

General

Zoning LAR3

View None

County Los Angeles

New Construction N

Property Type Land

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

MLS Area VG - Valley Glen

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

Total Parking 0.0

Lot Size Area 19961.0

Spa N

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

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

Electric On Property Y/N N

Total Baths 0

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: --

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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.

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Nearby

Trends
Schools

Lots and land listings in Van Nuys, CA

Average List Price ^$2,142,375

Percent of Sale Price 35%

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
4/28/2024	$3,295,000		Listed Price

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6948 N Woodman Avenue, Van Nuys, CA, 91405 is a Lots and Land for sale at $3,295,000 with a lot size of 0.4582. 6948 N Woodman Avenue is a studio with 0.0 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 5/11/2024. 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.

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6948 N Woodman Avenue

Lots and Land for sale in Van Nuys, CA

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