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$ 3,500,000
Est. payment | /mo
23 Beds
18 Baths
13,354 SqFt
$ 3,500,000
Est. payment | /mo
23 Beds
18 Baths
13,354 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 13,354 sqft
Price per Sqft $262
MLS Listing ID 26701781
Bedrooms 23
HOA Y/N No
Year Built 1959
Lot Size 0.643 Acres
Property Description
JNM Realty proudly presents, on an exclusive basis, 6537-6543 Woodley Ave, a seventeen (17) unit apartment community in Van Nuys that has been well maintained and strategically improved. Two (2) of the units are single family dwellings and the remainder are in two (2) separate buildings. The property offers a stable operational foundation with two (2) vacant units, allowing a buyer to immediately set market rents, select tenants, and implement renovation-driven upside. Recent capital improvements include a newly permitted roof replacement totaling approximately $100,000.The asset is offered at a 10.31x GRM and 5.49% current cap rate, representing the lowest GRM among comparable sales within a one-mile radius since January 2018.This positions the property as one of the most attractive price-to-income opportunities in the submarket. This investment is best suited for a buyer seeking a low-management, stabilized asset with clear, incremental upside and a long-term hold strategy. JNM Realty currently manages the property and is available to provide continuity for the incoming ownership. This opportunity is available alongside 14157 Calvert St, Van Nuys, CA as a portfolio or separately.
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LAR1
Interior
Heating Central
Fireplace No
Exterior
Parking Features Assigned, Oversized, Uncovered
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2233028022
Special Listing Condition Standard
Listed by Demis Dokhanian JNM Realty, INC. #01940496
NEARBY SCHOOL & BUSINESS
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