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7354 Woodman Ave
Van Nuys, CA 91405
The Summit on Woodman · Multifamily Property For Sale
·
86 Units
Investment Highlights
- Rare Trophy Asset: Newly constructed, luxury apartment project in Van Nuys, not subject to rent control
- Attractive Below-Market: Assumable Financing Assumable Principal and Interest Debt at 2.37% Fixed Until 2056
- Building Features Include: Controlled Access/Gated, Elevator, Business Center, Clubhouse & Lounge, Multi Use Room, Disposal Chutes, Corporate Suites
- Desirable Unit Mix: Spacious 1, 2, and 3-bedroom flats averaging 813 square feet each
- Luxurious In-Unit Amenities: Residences feature washers/dryers, granite countertops, energy efficient appliances, central heat/air, vinyl flooring
- Prime Income-Producing Property: Located in a high rental demand market, close proximity to North Hollywood, Burbank, Studio City and Downtown LA
Property Facts
| No. Units | 86 | Building Size | 80,455 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Mid-Rise | Year Built | 2019 |
| Building Class | A | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 1.17 AC | ||
| Zoning | LAR3 | ||
| No. Units | 86 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 1.17 AC |
| Building Size | 80,455 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 2019 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Granite Countertops
- Vaulted Ceiling
- Refrigerator
- Range
- Surround Sound
- Smoke Free
Site Amenities
- Property Manager on Site
- Energy Star Labeled
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | $1,361 | 605 |
| 2+2 | 53 | $1,907 | 840 |
| 3+2 | 12 | $2,052 | 1,060 |
Property Taxes
| Parcel Number | 2328-002-094 | Improvements Assessment | $27,389,123 |
| Land Assessment | $7,427,748 | Total Assessment | $34,816,871 |
Property Taxes
Parcel Number
2328-002-094
Land Assessment
$7,427,748
Improvements Assessment
$27,389,123
Total Assessment
$34,816,871
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