Property listed by Tony Azzi, Tony Azzi 310-909-5454
$9,950,000
6121 Woodman Ave presents a unique opportunity to acquire a 45-unit apartment building in the heart of Van Nuys, Los Angeles one of the most active rental markets in the San Fernando Valley. Built in 1970 and situated on a 35,910 SF lot, the property spans 38,766 SF and features… Read More a balanced mix of studios, one-bedroom, and two-bedroom apartments that appeal to both professionals and families. In-place rents offer approximately 37% rental upside, providing strong value-add potential through renovations and improved management. Residents enjoy on-site parking, a swimming pool, and laundry facilities that contribute to high tenant satisfaction and long-term retention. The property operates efficiently with fee simple ownership and separately metered gas and electricity utilities. Ideally located near Sherman Oaks, Valley Glen, and Lake Balboa, tenants benefit from close access to the 405, 101, and 170 freeways, as well as major employment centers and shopping corridors. With proven rent growth, stable occupancy, and strong market fundamentals, 6121 Woodman Ave represents a rare multifamily investment opportunity in Van Nuys that combines stability, upside potential, and a prime central location. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
32
Square Ft.
38,766
Lot Size
0.82 Acres
Year Built
1970
MLS Number
25614355
30 Days Snapshot Of 91401
$1.11M
-13%
(avg) sold price
15
-11%
homes sold
80
+25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1970, Building area total: 38,766, Levels: ThreeOrMore, Living area: 38766, 1 building
Cooling
CentralAir
Heating
Central
Income
Gross income: $894,430, Net operating income: $481,457
Lot
0.8246 acres, 35,921 square feet, Size: 35,921
Parking
Covered, Private, Uncovered
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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