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- LoopNet Team
5636 Woodman Ave
Van Nuys, CA 91401
2020 Construction Fourplex! 50% Leased! · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- No Rent Control!
- A+ tenants in place with high income and great credit!
- Premium designer finishes like no other new construction deal on the market!
- 2 units rented at lightening speed for $200-$300 higher than we initially projected! $3,700 and $3,800!
- Excellent projected cap rate of 5.29%
- Washers and dryers included in the sale (a rarity!)
PROPERTY FACTS
| No. Units | 4 | Building Size | 6,054 SF |
| Property Type | Multifamily | Average Occupancy | 50% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2020 |
| Building Class | B | Parking Ratio | 1.32/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 6,054 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 2020 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
ABOUT 5636 WOODMAN AVE , VAN NUYS, CA 91401
Attention: 50% leased at $200-$300 over our initial projected rents! We’ve signed leases on both 3 bedroom units for $3,700 and $3,800, each with an A+ tenant with great credit and high income! 5636 Woodman Ave is a top-of-the-line 2020 construction fourplex located 1 minute from Sherman Oaks! New construction fourplexes are extremely rare and hard to find in the Sherman Oaks area, making this property a deal to act on immediately! In addition to its prime location, this fourplex boasts designer finishes like no other new construction deal on the market. 5636 Woodman is made up of four modern, 3-story, side-by-side townhome style units. The property consists of a 4 bedroom, 4 bathroom unit ($4,100), a 4 bedroom, 3.5 bathroom unit ($4,000), and two 3 bedroom, 3 bathroom units (already leased at $3,700 and $3,800). This low maintenance property boasts a wide array of perks for investors including: a prime location minutes from Ventura Blvd (the trendy hub of Sherman Oaks), no rent control, an exceptional projected cap rate of 5.29%, separate meters for gas, water & electric, a 1 year builder’s warranty, brand new EVERYTHING, minimal expenses, and extreme desirability amongst renters. The units will feature: laundry in each unit (washer/dryers included!), stainless steel kitchen appliances, high quality finishes, custom unique tilework, upscale modern kitchens, and stunning bathrooms! Each rear townhome has a private 2-car garage with direct access into the units. One front unit has a private 1-car garage and an exterior space, and the other front unit comes with two exterior spaces, making for a grand total of 8 spots!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+4 | 2 | $4,050 | 1,565 |
| 3+3 | 2 | $3,750 | 1,462 |
PROPERTY TAXES
| Parcel Number | 2343-007-005 | Improvements Assessment | $1,721,066 |
| Land Assessment | $1,147,377 | Total Assessment | $2,868,443 |
PROPERTY TAXES
