6537-6543 Woodley Ave - Apartments FOR SALE


Van Nuys, CA 91406
$3,500,000 USD
310-270-6616
6537-6543 Woodley Ave, Van Nuys, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/6
null | 5.49% Cap Rate

6537-6543 Woodley Ave
Van Nuys, CA 91406


HIGHLIGHTS

  • Two (2) buildings managed by one onsite manger
  • Approximately 75% upside to non-renovated units
  • Brand new $100,000 roof

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

17

PRICE/UNIT

$205,882

CAP RATE

5.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

28,000 SF

ZONING

R1

APN/PARCEL ID

2233-028-022

ASK ABOUT THIS PROPERTY

Demis DokhanianJNM RealtyMore Info
310-270-6616

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Demis DokhanianJNM RealtyMore Info
310-270-6616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.