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5846 Woodman Ave, Van Nuys, CA 91401
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5846 Woodman Ave Van Nuys, CA 91401

$3,199,999
  • 26 Beds
  • 14 Baths
  • 9,876 Sq.Ft.
For Sale
$3,199,999 Get Pre-Qualified
Map preview of 5846 Woodman Ave, Van Nuys, CA 91401

Property Overview: 5846 Woodman Ave Van Nuys, CA has 26 bedrooms, 14 bathrooms, 9,876 living square feet and 13,029 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 6.52% Cap Rate with 96% upside in rents! Three (3) move in ready units may be delivered VACANT at the close of escrow. This property consists of two buildings with a mix of (4) 1-Bedroom/1-Bath and (2) 2-Bedroom/1-Bath (2) 3-Bedroom/1-Bath and (2) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 6.52% with a Pro-forma cap rate of 14.80%. In addition, all units are separately metered for gas and electricity and are equipped with either wall-unit A/C and Heat, Central A/C (two townhouse-style units) or mini split systems. E-Mail LA1 for set up sheet and showings.

Listed by Rohom Tabankia | BRE #01940808 | ARLO Real Estate Advisors
Last checked: 8 minutes ago | Last updated: March 26th, 2024 | Source CRMLS | DOM: 49
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Home details

Lot Sq. Ft
13,029
HOA Dues
$0/mo
Year built
1952
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24369987
City
Van Nuys
County
Los Angeles
Time on Site
62 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,316
  • Total Rent: $5,266
  • Pro Forma/Market Rent: $12,208
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,052
  • Total Rent: $6,104
  • Pro Forma/Market Rent: $6,104
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,415
  • Total Rent: $4,830
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,707
  • Total Rent: $7,415
  • Pro Forma/Market Rent: $7,830
Unit Breakdown 5
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $12,208
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.52%
  • Gross Rent Multiplier: 11.24
  • Gross Scheduled Income: --
  • Net Operating Income: $208,522
  • Gross Operating Income: $276,060
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5846 Woodman Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 10
  • Parcel Number: 2343005014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Woodman Ave and Hatteras
View more facts & features

Local Van Nuys Agent

Sale History for 5846 Woodman Ave

Last sold for $1,450,000 on August 30th, 2004

  • March, 2024

  • Mar 18, 2024

    Date

    Active

    CRMLS: 24369987

    $3,199,999

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23287575

    $3,199,999

    Price

  • Jul 5, 2023

    Date

    Active

    CRMLS: 23287575

    $3,199,999

    Price

  • Listing provided courtesy of CRMLS

    Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 5% Cap Rate with 117% upside in rents! This property consists of two buildings with a mix of (6) 1-Bedroom/1-Bath and (2) 3-Bedroom/1-Bath and (2) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 5% with a Pro-forma cap rate of 13.21%. In addition, all units are separately metered for gas and electricity and have wall-unit A/C and Heat with the exception of the two townhouse-style units which have central A/C.

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: 20636240

    $2,295

    Price

  • Mar 31, 2021

    Date

    Withdrawn

    CRMLS: 20636240

    $2,295

    Price

  • Jan 8, 2021

    Date

    Price Change

    CRMLS: 20636240

    $2,295

    Price

  • Dec 7, 2020

    Date

    Price Change

    CRMLS: 20636240

    $2,395

    Price

  • Sep 22, 2020

    Date

    Active

    CRMLS: 20636240

    $2,495

    Price

  • Listing provided courtesy of CRMLS

    Newly renovated Spacious 2 bed and 1.5 bath townhouse style apartment in thriving Valley Glen! This unit features fresh paint, hardwood floors, a large private yard, stainless steel appliances, Central AC, and laundry on site. The building consists of tranquil common areas and is available for move-in immediately.

  • August, 2004

  • Aug 30, 2004

    Date

    Sold (Public Records)

    Public Records

    $1,450,000

    Price

Show More

Tax History for 5846 Woodman Ave

Assessed Value (2020): $924,042
Year Land Value Improved Value Assessed Value
2020 $541,680 $382,362 $924,042

Home Value Compared to the Market

This property vs the competition

5846 Woodman Ave is listed 264.05% higher than the median list price for the city of Van Nuys which has a median list price of $879,000. The median price per/sqft for Van Nuys is $566 and this home is listed at $324.02 per/sqft which puts the price per square foot 42.75% lower than the median price per square foot for the city of Van Nuys.

About 5846 Woodman Ave

Detailed summary of property

5846 Woodman Ave is a multi family located in Van Nuys, CA 91401 and is currently for sale. This multi family property offers 26 bedrooms, 14 bathrooms, roughly 9,876 living square feet, and sits on an approximately 13,029 square foot lot. 5846 Woodman Ave was first listed on ArdentRealEstateGroup.com on March 18, 2024. The homeowner is currently asking $3,199,999. The median priced home in Van Nuys is $879,000 with a median price per square foot of $566. Based on Ardent Real Estate Group's Van Nuys Market Data, this home is listed 264.05% higher than the median priced home. Local competing homes currently for sale include 1833 Benecia Ave, 434 N Ogden Dr and 434 N Ogden Dr. While the average home in Van Nuys, CA is selling in 59 days, 5846 Woodman Ave has a days on market of 49 days. There are currently 102 homes for sale in the Van Nuys real estate market and 76 of them are single family homes while 18 of them are condos and 8 are townhomes. For more information on this home for sale at 5846 Woodman Ave Van Nuys, CA 91401 contact Ardent Real Estate Group and we will put you in touch with one of our Van Nuys agents.

Public Facts for 5846 Woodman Ave

Public county record property details
Beds
7
Baths
5
Year built
1952
Sq. Ft.
4,938
Lot Size
6,515
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
2343-005-014

The source for these homes facts are from public records.

91401 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,250,000
Median List Price/Sq.Ft.
$651
Median Sold Price
$970,000
Median Sold Price/Sq.Ft.
$588
Total Inventory
69
Median Sale to List Price %
117.01%
Avg Days on Market
25
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (25%), Other (37.5%)

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Van Nuys Agent
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(714) 706-1823
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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