7303 Woodley Ave - Apartments FOR SALE


Van Nuys, CA 91406
$1,050,000 USD
818-219-6146
7303 Woodley Ave, Van Nuys, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/11
null | 5% Cap Rate

7303 Woodley Ave
Van Nuys, CA 91406


HIGHLIGHTS

  • All Two-Bedroom Units
  • Significant Rental Upside – Opportunity to Improve Income by Approximately 39%
  • Well-Maintained Asset with Recent Improvements, Including a New Roof Installed in 2024
  • Not on LADBS Seismic Retrofit List (Buyer to Verify)
  • Separately Metered for Gas and Electricity
  • On-Site Community Laundry Facility Provides Additional Monthly Income

OVERVIEW

We are pleased to present the opportunity to purchase 7303 Woodley Avenue, a five-unit multifamily property located in the Lake Balboa neighborhood of Van Nuys, CA. 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.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

5

PRICE/UNIT

$210,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

All 2BR Units | New Roof | 39% Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,394 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2205-026-001

ASK ABOUT THIS PROPERTY

Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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