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6948 N Woodman Ave

Van Nuys, CA 91405
  • $3,950,000
  • STATUS: Active
  • ON SITE: 18 days
  • MLS #: 21-755756
$3,950,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

RTI is ready! IN VAN NUYS One of the most LA'S desirable area for new multifamily and office building. Amazing investment opportunity for knowledgeable investors and developers. 23 Units Luxury Apartment Building RTI ready (31,150Sqft)+ ONE ADU (1,200Sqft)The 31,150 Sqft project contains an Excellent unit mix: twenty 2 Br+ 2Baths and three 3Br+ 2 Baths (2 units low income). The investors can enjoy the Projected gross income of $796,536 per year. Drive-by existing property, which is a Nursery that is on a month-to-month lease for $5,000. Lot Size: 19,961 Sqft, R3 Zone: 173' x 97-21'= 16,817.33 Sqft + R1 Zone: 32' x 97-21'= 3,151.3 Sqft . Market Rent/SF = 2.58 PSF ave, Parking Area: 14,566 Sqft, Number of Parking = 36, Average unit size = 1,132 Sqft

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-24T23:42:36.89. 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.
www.jelmbergteam.com/homes/119020912
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6948 N Woodman Ave Van Nuys, CA 91405

  • Price: $3,950,000
  • Status: Active
  • MLS #: 21-755756
0
Beds
0
Baths
0
½ Baths
0.46
Acres
Neighborhood:
East Van Nuys
County:
Los Angeles
Area:
East Van Nuys
Property Description
RTI is ready! IN VAN NUYS One of the most LA'S desirable area for new multifamily and office building. Amazing investment opportunity for knowledgeable investors and developers. 23 Units Luxury Apartment Building RTI ready (31,150Sqft)+ ONE ADU (1,200Sqft)The 31,150 Sqft project contains an Excellent unit mix: twenty 2 Br+ 2Baths and three 3Br+ 2 Baths (2 units low income). The investors can enjoy the Projected gross income of $796,536 per year. Drive-by existing property, which is a Nursery that is on a month-to-month lease for $5,000. Lot Size: 19,961 Sqft, R3 Zone: 173' x 97-21'= 16,817.33 Sqft + R1 Zone: 32' x 97-21'= 3,151.3 Sqft . Market Rent/SF = 2.58 PSF ave, Parking Area: 14,566 Sqft, Number of Parking = 36, Average unit size = 1,132 Sqft
Exterior Features

Horse YN No Lot Size Area 19961 View Description None View YN No

Property Features

Cable YN Yes Electric Other Sale Type Standard Site Description City Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Zoning Lar3

Listing provided courtesy of Elham Khani DRE#01989596 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-24T23:42:36.89. 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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