5725 Woodman Ave., Van Nuys, CA 91401 - OC19286779 - iPro Real Estate

5725 Woodman Ave.
Van Nuys, CA 91401

Expired, Multi-Family/Income Sale

For Sale

$1,699,500 $310.41 per sqft

Free Professional CMA

Listing ID : OC19286779

  • Beds

    4
  • Garage

    64216
  • Lot Size

    5,475 Sqft
  • Year

    2004

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.

Details

Type: Multi-Family/Income Sale 
County: Los Angeles 
Tax ID: 2246024026
Cap Rate: 5% 
Net Operating Income: $64,216 
Number of Units: 4 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: Assessor 

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34.174644 -118.431602 $1,699,500 OC19286779
5725 Woodman Ave., Van Nuys, CA 91401
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Listed by Richard Conwell with Keep Your Keys, Inc.