5753 Woodman Avenue

    Valley Glen, CA 91401
    • $1,250,000
    • STATUS: Active Under Contract
    • ON SITE: 165 days
    • ID#: SR18075188
    Under Contract
    UPDATED: 35 min ago
    $1,250,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,878
      SQFT
    • $322
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Back on Market! Prime Valley Glen! Sherman Oaks adjacent is where this two-story 4 unit apartment building is now on the market for the first time in over 45 years. An excellent mix of very large 2-two-bedroom, two bath units & 2-two bedroom one & half bath units in a charming gated courtyard style setting with a beautiful landscaped front yard. The units are very large totaling approx. 3,878 square feet. There is a detached secondary building for laundry with its own water heater along with a gated covered parking area for 4 cars w/ lots of storage for each unit plus a separate storage room in the rear. Three of the units have been remodeled and the other needs some updating but is very charming with wood floors under the carpeting. The two full bath units are extremely large and have an eat in kitchen area. There are window A/C units in each unit & wall heaters as well w/ individual water heaters. All the units are separately metered. Very rarely do you see properties of this size and unit mix come on the market in such a good location, so don+GGt wait too long to make an offer, or it will be sold as it is priced to sell. Rents are approx. 20%-25% under market for similar sized units. This is a great opportunity for an investor and perfect for an owner/user as one top floor unit is being kept vacant for the new owner to rent or occupy. The property just passed inspection from the city of Los Angeles Housing Community. Gross income does not reflect any income from laundry.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T22:29:16.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.amazingtemeculahomes.com/homes/82316443

    5753 Woodman Avenue Valley Glen, CA 91401

    • Price: $1,250,000
    • Status: Active Under Contract
    • Updated: 35 min ago
    • ID#: SR18075188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,878
    SQFT
    $322
    $/SQFT
    1957
    Built
    Neighborhood:
    VG - Valley Glen
    County:
    Los Angeles
    Area:
    VG - Valley Glen
    Property Description
    Back on Market! Prime Valley Glen! Sherman Oaks adjacent is where this two-story 4 unit apartment building is now on the market for the first time in over 45 years. An excellent mix of very large 2-two-bedroom, two bath units & 2-two bedroom one & half bath units in a charming gated courtyard style setting with a beautiful landscaped front yard. The units are very large totaling approx. 3,878 square feet. There is a detached secondary building for laundry with its own water heater along with a gated covered parking area for 4 cars w/ lots of storage for each unit plus a separate storage room in the rear. Three of the units have been remodeled and the other needs some updating but is very charming with wood floors under the carpeting. The two full bath units are extremely large and have an eat in kitchen area. There are window A/C units in each unit & wall heaters as well w/ individual water heaters. All the units are separately metered. Very rarely do you see properties of this size and unit mix come on the market in such a good location, so don+GGt wait too long to make an offer, or it will be sold as it is priced to sell. Rents are approx. 20%-25% under market for similar sized units. This is a great opportunity for an investor and perfect for an owner/user as one top floor unit is being kept vacant for the new owner to rent or occupy. The property just passed inspection from the city of Los Angeles Housing Community. Gross income does not reflect any income from laundry.
    Exterior Features

    Architectural Style Traditional Fence YN Yes Fencing BlockChain LinkWood Foundation Details Raised Garage Spaces 4.00 Lot Features GardenLandscapedLot Shape-RectangularSprinkler SystemSprinklers In Front Lot Size Source Assessor Lot Size Units Square Feet Other Structures Storage Parking Features AssignedBuilt-In StorageCovered ParkingGarage - Rear EntryGatedOff SiteStructure Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Double OvenGarbage DisposalWater Heater Unit Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common WallsEnd Unit Cooling Wall Window Cooling YN Yes Fireplace Features BathLiving Room Fireplace YN Yes Flooring LaminateTileWood Heating Wall Heater Heating YN Yes Interior Features Built-InsCeiling FanCeramic CountersGranite CountersTile Counters Laundry Features CommunityGas Dryer HookupIndividual RoomWasher Hookup Room Type All Bedrooms DownEntryKitchenLiving Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.81 Community Features CurbsGuttersSidewalksStorm DrainsStreet LightingValley Country Us Electric Expense 1682.00 Elevation Units Feet Fuel Expense 166.00 Gardener Expense 840.00 Gross Income 6155.00 Gross Multiplier 16.90 Gross Scheduled Income 73860.00 Insurance Expense 1835.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2305.00 Net Operating Income 48392.00 New Taxes Expense 14913.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 3 Operating Expense 25468.00 Pest Control Expense 477.00 Property Condition Updated/Remodeled Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Tenant Pays Water Total Actual Rent 6155.00 Total Expenses 25468.00 Trash Expense 1567.00 Utilities Sewer ConnectedWater Connected Water Sewer Expense 1682.00 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Daniel Drantch of Rodeo Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T22:29:16.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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