Income Home for Sale in Van Nuys, California

6958 Woodman Avenue, Van Nuys, California 91405, US

$ 8,100,000
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Prestige Estate Agency

+1 (424) 209-8844

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  • Price: $ 8,100,000
  • MLS ID: 24361515
  • Property Type: Income Home
  • WEB ID: PR02782159
  • Property Status: Active
  • Lot Size: 18,799sqft
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California
  •  Income Home for Sale in Van Nuys, California

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

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  • Price: $ 8,100,000
  • MLS ID: 24361515
  • Property Type: Income Home
  • WEB ID: PR02782159
  • Property Status: Active
  • Lot Size: 18,799sqft
The Ivy at Woodman Apartments, located in the Valley Glen neighborhood of the San Fernando Valley, is a 23-unit multi-family building built in 1964. And beautifully renovated in 2022. This property is located at 6958 Woodman Ave. and is comprised of two studio, three one-bedroom/one-bath, one one-bedroom/one and a half-bath, twelve two-bedroom/one and a half-bath, four two-bedroom/two-bath, and one three-bedroom/two-bath units across +/- 22,211 gross square feet of improvements on +/- 18,795 square feet of land. Utilities are separately metered for electricity and gas. The property also features 23 covered parking space. This stunning turn-key opportunity has been remodeled with high end finishes and has a modern and luxurious feel. Unique to this building is that 14 of the units are townhouses, offering tenants more space and privacy. This continues to add to its long list of desirable features. Neighboring multi-family projects add value to the surrounding buildings, and position the property to capture top of market rents and higher income tenant base. The charming Mid-Century design, resort-style feel, and location are already major draws for The Ivy at Woodman Apartments. Additional drivers leading to the high rents being achieved include the elevated level of renovation and use of designer touches. The renovated units feature new hardwood floors, kitchen cabinets, counter tops, stainless-steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities, tiles, and hardware. Tranquil courtyard areas and pool continue to add to the allure of this asset. Located on the southeast corner of Woodman Ave. and Hart St. West of the 170 freeway, south of Sherman Way, east of Hazeltine Ave., and north of Vanowen St. This prime location offers easy access to the freeway and proximity to many of the Valley's amenities make this highly desirable to many tenants. Please get in touch with the listing agents for a full marketing package.

Additional Features

  • Wall Furnace
  • Multi/Split
  • Parking spaces: 23.00
  • Listing Status: Active
  • Listing Agent: Adam Zunder (lic# 01821053) of Beverly Hills/Greater LA
  • Listing Office: Iconic Investments (lic# 01229985)
  • Based on information from CRISNet MLS as of 6th May 2024 at 4:59pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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