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Vacant Renovation / Redevelopment Opportunity 5816 Woodman Ave 3 Unit Apartment Building $1,016,000 ($338,667/Unit) Van Nuys, CA 91401
Investment Highlights
- FULLY VACANT renovation or redevelopment opportunity (delivered vacant at COE)
- The property features three 1-car garages, separate gas and electric meters, individual water heaters, and a common area laundry room
- 6,223 sq.ft. lot (122' x 51') zoned LARD1.5
- currently configured as a 1,917 sqft triplex with three one-bedroom, one-bathroom units
Executive Summary
FULLY VACANT renovation or redevelopment opportunity. 5816 Woodman Avenue is currently configured as a 1,917 sqft triplex with three one-bedroom, one-bathroom units on a 6,223 sq.ft. lot (122' x 51') zoned LARD1.5. The property features three 1-car garages, separate gas and electric meters, individual water heaters, and a common area laundry room. The property will be delivered fully vacant at the close of escrow and is being sold in its current condition. Buyer to independently verify any and all information.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2343-005-005 | Improvements Assessment | $399,013 |
| Land Assessment | $597,459 | Total Assessment | $996,472 |
Property Taxes
Parcel Number
2343-005-005
Land Assessment
$597,459
Improvements Assessment
$399,013
Total Assessment
$996,472
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Vacant Renovation / Redevelopment Opportunity | 5816 Woodman Ave
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