6948 North Woodman Avenue Van Nuys, CA ^$ 3,295,000

6948 North Woodman Avenue

^$ 3,295,000

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6948 North Woodman Avenue

Van Nuys, CA, 91405

^$ 3,295,000

Studio Baths0.0 Sq 32,359

Monthly Estimate*

^$ 21,900

6948 North Woodman Avenue, Van Nuys, CA 91405 - Image 1

6948 North Woodman Avenue, Van Nuys, CA 91405 - Image 2

6948 North Woodman Avenue, Van Nuys, CA 91405 - Image 3

Studio

Multi-Family Home for sale in Van Nuys, CA

for $3,295,000. This 32,359 square foot home was built in 2024 on a lot size of 0.46.

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.

Multi-Family Active

Price

^$ 3,295,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.46

Year Built

2024

Town/City

Van Nuys

County/Region

Los Angeles

MLS | Web ID

0024384959

Features

General

Sewer None

Possession Close of Escrow

Zoning LAR3

Pool Features None

Year Built 2024

Levels Three or More Two

Accessibility Other

County Los Angeles

Net Operating Income 0.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Van Nuys

Buyer Agent Compensation 2.00

Senior Community Y/N No

Lot Size Square Feet 19961.0

Street Name WOODMAN

Standard Status Active

Year Built Source Estimated

Buyer Agent Compensation Type %

Exterior

Lot Size Area 19961.0

Foundation Details None

Building Area Total 32359.0

Lot Dimensions 97x205

Lot Size Acres 0.46

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 3

Air Conditioning Y/N No

Heating Y/N No

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

Elham Khani

Listing Agent

Coldwell Banker Realty

Broker

Affordability Calculator

$21,900

Per Month

Monthly Principal & Interest: $21,900
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Van Nuys, CA

Average List Price ^$2,934,442

Percent of Sale Price 11%

About Van Nuys, CA

172,355 Population

0% Since 2002

^$0 Median Income

0 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/4/2024	$3,295,000		Listed Price

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6948 North Woodman Avenue, Van Nuys, CA, 91405 is a Multi-Family Home for sale at $3,295,000 with 32,359 sqft and a lot size of 0.46. 6948 North Woodman Avenue is a studio with 0.0 baths and was built in 2024. The property's zip code is 91405 which is in Van Nuys, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/23/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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6948 North Woodman Avenue

Multi-Family Home for sale in Van Nuys, CA

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