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6948 Woodman Ave, Van Nuys, CA 91405
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6948 Woodman Ave Van Nuys, CA 91405

$3,295,000
  • 5 Beds
  • 5 Baths
  • 5,284 Sq.Ft.
For Sale
$3,295,000 Get Pre-Qualified
Map preview of 6948 Woodman Ave, Van Nuys, CA 91405

Property Overview: 6948 Woodman Ave Van Nuys, CA has 5 bedrooms, 5 bathrooms, 5,284 living square feet and 19,961 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: 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.

Listed by Elham Khani | BRE #01989596 | Coldwell Banker Realty
Co-listed by Lily Laadan Vosough | BRE #02029432 | Coldwell Banker Realty
Last checked: 3 minutes ago | Last updated: May 4th, 2024 | Source CRMLS | DOM: 20
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Home details

Lot Sq. Ft
19,961
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24384959
City
Van Nuys
County
Los Angeles
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 6948 Woodman Ave

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Property Details for 6948 Woodman Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 2328010025
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East on Woodman, North of Vanowen, South of Sherman Way
View more facts & features

Local Van Nuys Agent

Sale History for 6948 Woodman Ave

Last sold for $1,720,000 on May 17th, 2019

  • April, 2024

  • Apr 26, 2024

    Date

    Active

    CRMLS: 24384959

    $3,295,000

    Price

  • March, 2022

  • Mar 6, 2022

    Date

    Expired

    CRMLS: 21111995

    $3,600,000

    Price

  • Dec 17, 2021

    Date

    Active

    CRMLS: 21111995

    $3,600,000

    Price

  • Listing provided courtesy of CRMLS

    RTI is ready! IN VAN NUYS One of the most LA'S desirable area for new multifamily and office building. Amazing investment opportunity for knowledgeable investors and developers. 23 Units Luxury Apartment Building RTI ready (31,150Sqft)+ ONE ADU (1,200Sqft)The 31,150 Sqft project contains an Excellent unit mix: twenty 2 Br+ 2Baths and three 3Br+ 2 Baths (2 units low income). The investors can enjoy the Projected gross income of $796,536 per year. Drive-by existing property, which is a Nursery that is on a month-to-month lease for $5,000. Lot Size: 19,961 Sqft, R3 Zone: 173' x 97-21'= 16,817.33 Sqft + R1 Zone: 32' x 97-21'= 3,151.3 Sqft . Market Rent/SF = 2.58 PSF ave, Parking Area: 14,566 Sqft, Number of Parking = 36, Average unit size = 1,132 Sqft

  • August, 2021

  • Aug 10, 2021

    Date

    Active

    CRMLS: 21761746

    $3,599,000

    Price

  • Listing provided courtesy of CRMLS

    RTI is ready! IN VAN NUYS One of the most LA'S desirable area for new multifamily and office building. Amazing investment opportunity for knowledgeable investors and developers. 23 Units Luxury Apartment Building RTI ready (31,150Sqft)+ ONE ADU (1,200Sqft)The 31,150 Sqft project contains an Excellent unit mix: twenty 2 Br+ 2Baths and three 3Br+ 2 Baths (2 units low income). The investors can enjoy the Projected gross income of $796,536 per year. Drive-by existing property, which is a Nursery that is on a month-to-month lease for $5,000. Lot Size: 19,961 Sqft, R3 Zone: 173' x 97-21'= 16,817.33 Sqft + R1 Zone: 32' x 97-21'= 3,151.3 Sqft . Market Rent/SF = 2.58 PSF ave, Parking Area: 14,566 Sqft, Number of Parking = 36, Average unit size = 1,132 Sqft

  • August, 2021

  • Aug 4, 2021

    Date

    Price Change

    CRMLS: 21755756

    $3,599,000

    Price

  • Jul 6, 2021

    Date

    Active

    CRMLS: 21755756

    $3,950,000

    Price

  • Listing provided courtesy of CRMLS

    RTI is ready! IN VAN NUYS One of the most LA'S desirable area for new multifamily and office building. Amazing investment opportunity for knowledgeable investors and developers. 23 Units Luxury Apartment Building RTI ready (31,150Sqft)+ ONE ADU (1,200Sqft)The 31,150 Sqft project contains an Excellent unit mix: twenty 2 Br+ 2Baths and three 3Br+ 2 Baths (2 units low income). The investors can enjoy the Projected gross income of $796,536 per year. Drive-by existing property, which is a Nursery that is on a month-to-month lease for $5,000. Lot Size: 19,961 Sqft, R3 Zone: 173' x 97-21'= 16,817.33 Sqft + R1 Zone: 32' x 97-21'= 3,151.3 Sqft . Market Rent/SF = 2.58 PSF ave, Parking Area: 14,566 Sqft, Number of Parking = 36, Average unit size = 1,132 Sqft

  • May, 2019

  • May 21, 2019

    Date

    Canceled

    CRMLS: SR19050481

    $1,850,000

    Price

  • Mar 26, 2019

    Date

    Pending

    CRMLS: SR19050481

    $1,850,000

    Price

  • Mar 22, 2019

    Date

    Price Change

    CRMLS: SR19050481

    $1,850,000

    Price

  • Mar 9, 2019

    Date

    Price Change

    CRMLS: SR19050481

    $1,890,000

    Price

  • Mar 9, 2019

    Date

    Price Change

    CRMLS: SR19050481

    $1,899,000

    Price

  • Mar 7, 2019

    Date

    Active

    CRMLS: SR19050481

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    SOLD REPORTED AS RESIDENTIAL!! GREAT CHANCE TO DEVELOP THE UNITS.

  • May, 2019

  • May 21, 2019

    Date

    Canceled

    CRMLS: SR19050505

    $1,850,000

    Price

  • Mar 26, 2019

    Date

    Pending

    CRMLS: SR19050505

    $1,850,000

    Price

  • Mar 22, 2019

    Date

    Price Change

    CRMLS: SR19050505

    $1,850,000

    Price

  • Mar 9, 2019

    Date

    Price Change

    CRMLS: SR19050505

    $1,890,000

    Price

  • Mar 9, 2019

    Date

    Price Change

    CRMLS: SR19050505

    $1,899,000

    Price

  • Mar 7, 2019

    Date

    Active

    CRMLS: SR19050505

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    SOLD REPORTED AS RESIDENTIAL.

  • May, 2019

  • May 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,720,000

    Price

  • December, 2018

  • Dec 18, 2018

    Date

    Canceled

    CRMLS: SR18267736

    $1,850,000

    Price

  • Nov 6, 2018

    Date

    Active

    CRMLS: SR18267736

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2018

  • Dec 18, 2018

    Date

    Canceled

    CRMLS: SR18267712

    $1,850,000

    Price

  • Nov 6, 2018

    Date

    Active

    CRMLS: SR18267712

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT OPPORTUNITY FOR DEVELOPERS/INVESTORS. APPROX. 20,000 FLAT LOT (97 X 205) MOSTLY ZONED R3 WITH 5,284 SF BUILDING ON LOCATED IN BUSY STREET ON WOODMAN AV. HUGE POTENTIAL TO BUILD MULTIPLE UNITS. LOTS OF PARKING SPACES AND LARGE BACK YARD. 2ND FLOOR IS BEING USED AS LIVING QUARTERS. THE PROPERTY HAS BEEN USING AS NURSERY SCHOOL AND THE NURSRY SCHOOL IS INCLUDED IN THE SALE. PROPERTY CAN BE BUILT MULTIPLE UNITS, USED TO AS NURSERY SCHOOL BUSINESS, OR MANSION RESIDENCE. PLEASE DO NOT APPROACH WITHOUT APPOINTMENT.

  • August, 2017

  • Aug 31, 2017

    Date

    Canceled

    CRMLS: SR17035906

    $1,850,000

    Price

  • Apr 5, 2017

    Date

    Withdrawn

    CRMLS: SR17035906

    $1,850,000

    Price

  • Mar 24, 2017

    Date

    Hold

    CRMLS: SR17035906

    $1,850,000

    Price

  • Feb 23, 2017

    Date

    Active

    CRMLS: SR17035906

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT CHANCE TO DEVELOP THE UNITS. MOSTLY ZONED R3. APPROX. 20,000 SF LAND. THERE IS 5,284 SF HOUSE. IST FLOOR OF THE PROPERTY HAS BEEN USING AS NURSERY SCHOOL OVER 20 YEARS. 2ND FLOOR IS USING AS LIVING AREA. 10+ PARKING SPACES. POTENTIAL! POTENTIAL! YOU CAN USE IT AS A MANSION RESIDENCE, OR RUN THE NURSERY SCHOOL BUSINESS, OR DEVELOP THE UNITS.

  • November, 1995

  • Nov 30, 1995

    Date

    Sold (Public Records)

    Public Records

    $272,500

    Price

Show More

Tax History for 6948 Woodman Ave

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,754,400 -- --

Home Value Compared to the Market

This property vs the competition

6948 Woodman Ave is listed 274.86% 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 $623.58 per/sqft which puts the price per square foot 10.17% higher than the median price per square foot for the city of Van Nuys.

About 6948 Woodman Ave

Detailed summary of property

6948 Woodman Ave is a multi family located in Van Nuys, CA 91405 and is currently for sale. This multi family property offers 5 bedrooms, 5 bathrooms, roughly 5,284 living square feet, and sits on an approximately 19,961 square foot lot. 6948 Woodman Ave was first listed on ArdentRealEstateGroup.com on April 26, 2024. The homeowner is currently asking $3,295,000. 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 274.86% higher than the median priced home. Local competing homes currently for sale include 434 N Ogden Dr, 434 N Ogden Dr and 358 N Ogden Dr. While the average home in Van Nuys, CA is selling in 59 days, 6948 Woodman Ave has a days on market of 20 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 6948 Woodman Ave Van Nuys, CA 91405 contact Ardent Real Estate Group and we will put you in touch with one of our Van Nuys agents.

Public Facts for 6948 Woodman Ave

Public county record property details
Beds
4
Baths
5
Year built
1931
Sq. Ft.
5,284
Lot Size
19,960
Stories
--
Type
Single Family Residential
Pool
Yes
Spa
No
County
Los Angeles
Lot#
5
APN
2328-010-025

The source for these homes facts are from public records.

91405 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$523
Median Sold Price
$820,000
Median Sold Price/Sq.Ft.
$491
Total Inventory
33
Median Sale to List Price %
102.63%
Avg Days on Market
17
Loan Type
Conventional (25%), FHA (8.33%), VA (0%), Cash (0%), Other (16.67%)

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Buy this home with Ardent Real Estate Group and get $9,885 back.

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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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