7505-7507 Woodman Ave - Apartments FOR SALE


Van Nuys, CA 91405
$7,990,000 USD
206-604-9750
7505-7507 Woodman Ave, Van Nuys, CA for Sale
$7,990,000 USD
Apartments - FOR SALE
1/15
null | 6.23% Cap Rate

7505-7507 Woodman Ave
Van Nuys, CA 91405


OVERVIEW

6.23% in-place cap, 7.6% stabilized! Woodman Apartments is a 34-unit, two-story apartment community of approximately 21,159 square feet situated on 0.73 acre of land. Built in 1986, the property has been well maintained with minor upgrades and renovations implemented as necessary. The community consists of studio, one- and two-bedroom units that average 625 square feet. Construction is stucco over wood frame on a reinforced concrete slab. Parking is provided by tuck-under spaces in a gated-asphalt covered lot between the two buildings. The property also features a fenced perimeter. The property is situated just south of Saticoy Street midway between Sherman Way and Roscoe Boulevard on the west side of Woodman Avenue. The following highlights some of the conveniences and opportunities found within this area: • Walking distance to Ralphs grocery store at Woodman and Sherman Way • Short drive to “The Plant” shopping center featuring Regency Theaters, Home Depot, In-N-Out, Living Spaces, Five Below, and Ross Dress for Less • Near the Kaiser Permanente Panorama City Medical Center named one of the Best Hospitals by US News & World Report for 2024 • One mile from the Van Nuys Metrolink station as well as the Van Nuys Amtrak station.

FOR SALE DETAILS

PRICE

$7,990,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

34

PRICE/UNIT

$235,000

CAP RATE

6.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodman Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

67

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,568 SF

ZONING

LARD2

APN/PARCEL ID

2215-004-123

ASK ABOUT THIS PROPERTY

Gabe MunsonNewmarkMore Info
206-604-9750

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Gabe MunsonNewmarkMore Info
206-604-9750

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