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$ 1,050,000
Est. payment | /mo
10 Beds
5 Baths
3,640 SqFt
$ 1,050,000
Est. payment | /mo
10 Beds
5 Baths
3,640 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,640 sqft
Price per Sqft $288
MLS Listing ID 25606487
Bedrooms 10
HOA Y/N No
Year Built 1954
Lot Size 6,394 Sqft
Property Description
The property provides investors with both stability and meaningful value-add potential in one of the San Fernando Valley's most in-demand rental markets. The property is comprised entirely of two-bedroom units and features on-site laundry facilities that provide a supplemental revenue stream. With approximately 39% upside in rental income achievable through annual income increases and tenant turnover, the asset presents a compelling opportunity for investors seeking long-term growth. The building totals 3,640 square feet and sits on a 6,394 square foot corner lot, providing excellent visibility along a primary street in the San Fernando Valley. Ownership has diligently maintained the property, including a brand-new roof completed in 2024 and recent upgrades such as resurfaced asphalt in the parking area. As the property does not appear on the Los Angeles Department of Building & Safety's Seismic Retrofit list (Buyer to verify), a new owner is saved from a significant maintenance expense. Positioned in Lake Balboa, the most attractive neighborhood in Van Nuys, tenants benefit from its proximity to the Van Nuys Airport and major employment hubs across the San Fernando Valley. The neighborhood continues to attract renters seeking affordability paired with convenience, making 7303 Woodley Avenue a well-located property with both immediate and future investment appeal.
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2205026001
Special Listing Condition Standard
Listed by Roderick 'Rick' Raymundo Marcus & Millichap
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Amy Cimetta
Broker Associate, MBA | Lic# 01774767