5846 Woodman Avenue

Van Nuys , CA 91401

MLS#: 25542003

$3,095,000

Status: Active
Listing number: 25542003
Listing provided by: ARLO Real Estate Advisors
Listing agent phone: None
Last update: 2 months ago
On site: 2 months ago
Browse Properties
Main image without alt text

Property

Beds

19

Full Baths

None

1/2 Baths

None

Year Built

1952

Sq.Footage

9,876

Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 6.64% Cap Rate/10.19 GRM with 77% upside in rents! ONE (1) 3bd-1.5ba move in ready units may be delivered VACANT at the close of escrow. This property consists of two buildings with a mix of (4) 1-Bedroom/1-Bath and (2) 2-Bedroom/1-Bath (2) 3-Bedroom/1-Bath (1) Townhouse style 3-Bedroom/1 1/2-Bath and (1) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 6.64% with a Pro-forma cap rate of 12.7%/6.34 GRM. Pro-forma figures take into consideration $325,000 cap ex to develop FOUR ADU units. In addition, all units are separately metered for gas and electricity and are equipped with either wall-unit A/C and Heat, Central A/C (two townhouse-style units) or mini split systems. E-Mail LA1 for set up sheet and showings.

Features & Amenities

Interior

  • Total Bedrooms

    19

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Natural Gas

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.2991

  • Property Type

    Residential Income

Price

  • Sales Price

    $3,095,000

  • Sq. Footage

    9, 876

  • Price/SqFt

    $313

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Rohom Tabankia , ARLO Real Estate Advisors

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 6.64% Cap Rate/10.19 GRM with 77% upside in rents! ONE (1) 3bd-1.5ba move in ready units may be delivered VACANT at the close of escrow. This property consists of two buildings with a mix of (4) 1-Bedroom/1-Bath and (2) 2-Bedroom/1-Bath (2) 3-Bedroom/1-Bath (1) Townhouse style 3-Bedroom/1 1/2-Bath and (1) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 6.64% with a Pro-forma cap rate of 12.7%/6.34 GRM. Pro-forma figures take into consideration $325,000 cap ex to develop FOUR ADU units. In addition, all units are separately metered for gas and electricity and are equipped with either wall-unit A/C and Heat, Central A/C (two townhouse-style units) or mini split systems. E-Mail LA1 for set up sheet and showings.

5846 Woodman Avenue

Message successfully sent.

What would you like to know?

Related Properties

New on site 1 day ago
6234 Woodman Avenue is a 9-unit multifamily property located in the vibrant Van Nuys neighborhood of Los Angeles, CA. Built in 1987, the property is not subject to the Los Angeles City Rent StabilizationOrdinance (RSO), offering investors the flexibility to adjust rents inline with market trends. The unit mix includes eight 2-bedroom/2-bathroom units and one 1-bedroom/1.5-bathroom unit with a den, catering to a diverse tenant base, including young professionals, small families, and individuals seeking larger living spaces. The property is well-positioned to capitalize on Van Nuys' strong rental market, driven by its proximity to major employment hubs such as the Van Nuys Civic Center (1.2 miles away) and the entertainment and media industries in nearby Studio City and Sherman Oaks. The spacious 2-bedroom units are ideal for higher-income tenants, while the 1-bedroom unit with a den offers flexibility for remote workers or those needing additional space. Modern amenities, such as in-unit laundry, updated appliances, or pet-friendly policies (common in similar properties), can further enhance tenant retention and minimize vacancies. From an investment perspective, the property presents significant value-add potential. Its 1987 construction suggests opportunities for targeted renovations, such as upgrading kitchens, bathrooms, or common areas, to boost rental income and property value. The absence of RSO restrictions allows investors to adjust rents to market rates, maximizing returns in a neighborhood with consistent demand. The property's location offers convenient access to public transit (Van Nuys Metro link Station, 1.5 miles away) and major highways (I-405 and US-101), ensuring strong appeal for tenants seeking connectivity. The Van Nuys multifamily market remains robust, with strong investor interest and appreciating property values in the area, driven by limited inventory and steady demand
#25580247

Van Nuys

6234 Woodman Avenue

17 Beds

None Baths

9,265 Sq.Ft.

$2,675,000

MLS#: 25580247

6700 Balboa Blvd is a massive brand-new construction 5-unit luxury townhome community in the heart of Lake Balboa. Just steps from Balboa Park, near the golf course, and completely NON-RENT-CONTROLLED! This trophy asset offers striking curb appeal on a rapidly evolving street and projects a strong 5.83% cap rate with minimal expenses, making it an ideal turnkey addition to any portfolio. Each of the five oversized tri-level townhomes (1,524–1,721 SF) features 4 bedrooms with en-suite baths, expansive living areas, and high-end designer finishes throughout. Interiors include open-concept kitchens with oversized islands, modern cabinetry, stainless steel appliances, high ceilings, large closets, and spacious balconies off both living areas and bedrooms. Additional features include drought-tolerant landscaping, abundant natural light, and private garage parking accessed via a rear alley (preferred by tenants). The property is separately metered for all utilities and has no house meter, keeping utility expenses at zero. A 1-year builder's warranty provides added confidence for investors. Lake Balboa is experiencing extremely low inventory, especially for new construction, contributing to consistently strong tenant demand and low projected vacancy. Located just minutes from the 80-acre Lake Balboa Park, the golf course, Ventura Blvd, and major job hubs like Kaiser Permanente and CSUN, this property is also surrounded by local hotspots like Salsa & Beer, House Roots Coffee, and The Drunken Crab. With quick access to the 101 and 405 freeways, this location offers unbeatable convenience. A rare, low-maintenance, cash-flowing asset in a supply-constrained, highdemand Valley submarket. Schedule your private showing before it hits the market.
#BB25172555

Van Nuys

6700 Balboa Boulevard

None Beds

None Baths

8,175 Sq.Ft.

$3,595,000

MLS#: BB25172555

Located on the corner of Hartland Street and Vesper Avenue in Van Nuys, California this seventeen unit apartment complex is a two parcel property with address of 6840 Vesper Avenue (APN: 2219-026-058) & 14553 Hartland Street (APN: 2219-026-057). Together, the investment opportunity totals +/-12,241 square feet on a +/-14,911 square foot lot. A new owner will have the opportunity to purchase a unique investment with a strong unit mix of (4) - 2 bed / 2 bath, (1) - 2 bed / 1 bath SFR, (1) - 2 bed / 1 bath, and (11) - 1 bed / 1 bath units. Currently, there is an assumable Chase loan with a balance of $1,775,000 at a fixed 3.38% interest rate until June 1st, 2027. Upon assumption, the monthly payment will be approximately $8,360. Furthermore, there is no need for an on-site manager due to the asset having 5 units on one parcel and 12 units on another. This asset is a great opportunity for any investor looking for scale with minimal management costs.
#P1-23259

Van Nuys

14553 Hartland Street

None Beds

None Baths

12,241 Sq.Ft.

$3,400,000

MLS#: P1-23259

LIKE NO OTHER: Introducing this stunning 5 -Unit modern contemporary townhouse style, 2025 NEW CONSTRUCTION with NO RENT CONTROL, and featuring a combined 8,542 of living SQ FT and 21 bedrooms/21.5 bathrooms. This Van Nuys neighborhood is experiencing incredible growth and an overflow from young professionals along with multi-generational families. The Developer has paid careful attention to all the details of the building to stand out from other new buildings. The subject property isin high-demand rental location near the Van Nuys Courthouse, the restaurants and shops along Ventura Blvd (which are minutes away), commuters enjoy easy access to the 101 and 405 freeways, major public transportation (Metro Orange Line), and Hospitals (Valley Presbyterian). These units offer a great option for young professionals looking for an ideal co-living arrangement. Experience unparalleled luxury with upscale finishes and impeccable construction quality. Each unit is separately metered, ensuring the landlord incurs no utility expenses. Discover generously sized bedrooms with ample closet space and sleek, modern bathrooms. The open floor plans boast spacious living rooms, dining areas, and gourmet kitchens equipped with stainless steel appliances and quartz countertops and balconies. Enjoy the convenience of an in-unit laundry, central HVAC, and fully paid-off solar panels. Don't miss out on the opportunity to earn positive cash flow with annual rent increases, leverage new construction tax benefits, minimize maintenance costs, 1 Yr. fit and finish builder’s warranty. Make this the one and witness appreciation in one of the San Fernando Valley’s most historically robust markets. Call today and book your private tour.
#MB25158511

Van Nuys

6704 Kester Avenue

None Beds

None Baths

8,542 Sq.Ft.

$3,395,000

MLS#: MB25158511

We are excited to present a unique opportunity to acquire 13101 Oxnard Street, a meticulously maintained 12-unit apartment building located in the prime Valley Glen rental market. Nestled between Coldwater Canyon Ave and Fulton Ave, this property benefits from strong tenant demand in a highly desirable area. Set on an 11,500 square-foot lot with a gross building area of 12,608 square feet, the property boasts an attractive unit mix of six (6) two-bedroom and six (6) three-bedroom units, providing substantial rental income potential. Residents enjoy convenient access to the 101 and 405 freeways, Los Angeles Valley College, Grant High School, as well as on-site parking and laundry facilities.
#25556685

Van Nuys

13101 Oxnard Street

24 Beds

None Baths

12,608 Sq.Ft.

$2,850,000

MLS#: 25556685

Rare investment opportunity with huge upside in rents: Five individually parceled 3-Bed / 2.5-Bath Condominiums built in 1991, each with its own APN (2237-021-026, 2237-021-027, 2237-021-028, 2237-021-029, 2237-021-030) and featuring attached 2-car garages with direct access, private balconies, in-unit washer/dryer hookups, dishwashers, and central HVAC. Per ZIMAS, these units are not subject to RSO rent control and not subject to AB1482 (individually owned condos, not held by a corporation or trust). All units are individually metered for electric and gas and have their own water heaters. One unit has been fully remodeled, leaving four units primed for value-add cosmetic upgrades, creating excellent potential for strong cash flow, renovation upside, and multiple exit strategies.
#BB25090990

Van Nuys

14253 Gilmore Street A

None Beds

None Baths

6,092 Sq.Ft.

$2,650,000

MLS#: BB25090990

We are proud to represent this 15 unit building in Van Nuys. The building was constructed in 1978. Its unit mix consists of (7) studio units, (6) 1+1 units, and (2) 2+2 units. With a lot size of 15,004, the property has a total of 10,168 rentable square feet. The property has been well maintained by a long term owner and upgrades include new roof, copper plumbing and seismic retrofit has been completed. There are approved plans for two ADU units. The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for gas and electricity.
#SR25091251

Van Nuys

14814 Erwin Street

None Beds

None Baths

10,168 Sq.Ft.

$2,750,000

MLS#: SR25091251

The subject property is a 13 unit apartment building located at 6649 Sepulveda Boulevard, Van Nuys, CA 91411. The property was built in 1954 and is located North of Victory Boulevard and South of Vanowen Street. The unit mix consists of one studio/one-bathroom unit, eleven two-bedroom/one-bathroom units, and one three-bedroom/one-bathroom unit. The building has an interior courtyard and there is a laundry room.
#25529023

Van Nuys

6649 Sepulveda Boulevard

24 Beds

None Baths

10,480 Sq.Ft.

$2,650,000

MLS#: 25529023

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here