$3,495,000
$3,525,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
23 Beds
18 Baths
13,354 SqFt
SOLD DATE : 06/15/2018
Key Details
Sold Price $3,495,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,354 sqft
Price per Sqft $261
MLS Listing ID 18318556
Sold Date 06/15/18
Bedrooms 23
HOA Y/N No
Year Built 1959
Lot Size 0.643 Acres
Property Description
We are pleased to present 6537-6543 Woodley Avenue, a 17-unit multifamily property in the Lake Balboa neighborhood of Van Nuys that features two separate single-family homes. Situated on a huge 28,001 square foot lot with excellent street visibility, the four buildings contain 13,354 rentable square feet. An investor may assume the existing loan in order to take advantage of its attractive 3.65 percent interest rate. In addition to benefitting from the current cash flow, an investor may also explore future redevelopment options as plans have been proposed for construction of up to 28 multifamily units on the site. The open campus features a wide driveway that provides access to 20 carport parking spaces, as well as an additional six open spaces. Insulated at the rear of the property are two single-family houses with private fenced backyards, both surrounded primarily by other single family homes.
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LAR1
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 26
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 2233028022
Special Listing Condition Standard
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Bought with Roderick 'Rick' Raymundo • Marcus & Millichap