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5725 Woodman Avenue, Van Nuys, CA 91401
4
beds
4
baths
4480
ft2
· 5476
ft2 lot
$1,699,500
$379 / ft2
Listing provided courtesy of Richard Conwell, Keep Your Keys, Inc..
Source CRMLS.
Amazing Location for this 4-Plex. Long Term Tenants, Rent is Currently Below the Potential for the Area. Each unit has the same floorplan - They are 2 Bedroom 2 Bath units, each with their own inside laundry. They Feature Hardwood Floors, Granite Counters in Kitchen, and balcony's. Tenants Pay Utilities - Separate Meters for Electricity, Gas, & Water. Tandem Parking for a total of 8 Off Street Spaces. Built in 2004, this property is low maintenance and in very good condition. This is a perfect long term hold great cash flow property, Potential 5.5%+ Cap Rate at Pro Forma Rent at Listing Price.
HOA
$—/month
On market
1 year
Year built
2004
Property type
Multi-Family
Parking
MLS
OC19286779
Price / Sq.Ft.
$379 / ft2
Status
Active
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Based on a price of $1,699,500
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: In Closet
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Master Bathroom, Master Bedroom
Interior Size
•   
Building Area Total: 4480.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Paved, Off Street, Tandem Uncovered
•   
Garage Spaces: 0.00
Community Info
•   
Road Frontage Type: City Street
•   
Road Surface Type: Paved
•   
Number Of Buildings: 1
•   
Total Units: 4
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LARD1.5
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Lawn, Rectangular Lot, Level, Near Public Transit
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1257
•   
Lot Size Area: 5476.0000
•   
Lot Size Units: Square Feet
Property Features
•   
Property Condition: Turnkey
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 4
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 0.00
•   
Maintenance Expense: 2500.00
•   
Cap Rate: 5.51
•   
Fuel Expense: 0.00
•   
Trash Expense: 2400.00
•   
New Taxes Expense: 18581.00
•   
Insurance Expense: 1500.00
•   
Total Expenses: 24981.00
•   
Gross Scheduled Income: 86400.00
•   
Operating Expense: 22184.00
Tax/Assessment Info
•   
Gross Income: 86400.00
•   
Tax Year: 2020
•   
Taxes: 16547.0
Lease Info
•   
Net Operating Income: 64216.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1800.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 2
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 3600.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 1800.00
•   
Unit 1 Total Rent: 3600.00
Multi Unit Information
•   
# Of Units: 2
•   
Number Of Units Leased: 4
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks, Street Lights, Suburban
School Info
•   
Directions: From 101 Freeway - North to Property on the Left
Other
Calculation
•   
Dom: 350
•   
Cdom: 350
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 11, 2021 3:49am
Neighborhood snapshot
46
Properties for sale
13
Median days on market
$499.70
Median sold price/sqft
101.63%
Sold/List %
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Property History
12/10/2020
12/10/2020
CRMLS #OC19286779
active
CRMLS #OC19286779
$1,699,500
+9.65%
12/26/2019
12/26/2019
CRMLS #OC19286779
active
CRMLS #OC19286779
$1,550,000
+47.62%
12/14/2004
12/14/2004
Public Record
sold
Public Record
$1,050,000
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