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    5725 Woodman Avenue

    Van Nuys, CA 91401
    • $1,550,000
    • STATUS: Active Under Contract
    • ON SITE: 262 days
    • ID#: OC19286779
    Under Contract
    UPDATED: 51 min ago
    $1,550,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,480
      SQFT
    • $346
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2004
    County:

    School Ratings & Info

    Description

    Amazing Location for this 4-Plex. Long Term Tenants, Rent is Currently Below the Potential for the Area. Each unit has the same floorplan - They are 2 Bedroom 2 Bath units, each with their own inside laundry. They Feature Hardwood Floors, Granite Counters in Kitchen, and balcony's. Tenants Pay Utilities - Separate Meters for Electricity, Gas, & Water. Tandem Parking for a total of 8 Off Street Spaces. Built in 2004, this property is low maintenance and in very good condition. This is a perfect long term hold great cash flow property, Potential 5.5%+ Cap Rate at Pro Forma Rent at Listing Price.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-18T11:26:18.7. 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 deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

    www.amayarealestategroup.com/homes/101937899
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    5725 Woodman Avenue Van Nuys, CA 91401

    • Price: $1,550,000
    • Status: Active Under Contract
    • Updated: 51 min ago
    • ID#: OC19286779
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,480
    SQFT
    $346
    $/SQFT
    2004
    Built
    Neighborhood:
    VN - Van Nuys
    County:
    Los Angeles
    Area:
    VN - Van Nuys
    Property Description
    Amazing Location for this 4-Plex. Long Term Tenants, Rent is Currently Below the Potential for the Area. Each unit has the same floorplan - They are 2 Bedroom 2 Bath units, each with their own inside laundry. They Feature Hardwood Floors, Granite Counters in Kitchen, and balcony's. Tenants Pay Utilities - Separate Meters for Electricity, Gas, & Water. Tandem Parking for a total of 8 Off Street Spaces. Built in 2004, this property is low maintenance and in very good condition. This is a perfect long term hold great cash flow property, Potential 5.5%+ Cap Rate at Pro Forma Rent at Listing Price.
    Exterior Features

    Garage Spaces 0.00 Lot Features LawnRectangular LotLevelNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features PavedOff StreetTandem Uncovered Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features In Closet Room Type Master BathroomMaster Bedroom

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.51 Community Features CurbsSidewalksStreet LightsSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 86400.00 Gross Scheduled Income 86400.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2500.00 Net Operating Income 64216.00 New Construction YN No New Taxes Expense 18581.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 4 Operating Expense 22184.00 Property Condition Turnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Notice Of Default Tenant Pays All Utilities Total Expenses 24981.00 Trash Expense 2400.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Richard Conwell of Keep Your Keys, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-18T11:26:18.7. 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 deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

     
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    Moreno Valley CA, 92555