JNM Realty proudly presents, on an exclusive basis, 6537-6543 Woodley Ave, a seventeen (17) unit apartment community in Van Nuys that has been well maintained and strategically improved. Two (2) of the units are single family dwellings and the remainder are in two (2) separate buildings. The property offers a… Read More stable operational foundation with two (2) vacant units, allowing a buyer to immediately set market rents, select tenants, and implement renovation-driven upside. Recent capital improvements include a newly permitted roof replacement totaling approximately $100,000.The asset is offered at a 10.31x GRM and 5.49% current cap rate, representing the lowest GRM among comparable sales within a one-mile radius since January 2018.This positions the property as one of the most attractive price-to-income opportunities in the submarket. This investment is best suited for a buyer seeking a low-management, stabilized asset with clear, incremental upside and a long-term hold strategy. JNM Realty currently manages the property and is available to provide continuity for the incoming ownership. This opportunity is available alongside 14157 Calvert St, Van Nuys, CA as a portfolio or separately. Read Less
Courtesy of JNM Realty, INC. 310-746-5923
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
23
Square Ft.
13,354
Lot Size
0.64 Acres
Year Built
1959
MLS Number
26701781
30 Days Snapshot Of 91406
$1.27M
+27%
(avg) sold price
1
-83%
home sold
47
-44%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
13,354 sq ft, Built in 1959, Levels: Multi/Split
Cooling
Wall Unit(s)
Disclosures
None
Garage
Assigned, Oversized, Uncovered
Heating
Central
Lot
LotAcreage: 0.643, LotSizeArea: 28,010
Parking
TotalParking: 0
Property
NumberOfUnits: 17, Zoning: LAR1
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