5846 Woodman Avenue, Van Nuys, CA 91401
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties



5846 Woodman Avenue,Van Nuys, CA 91401
$3,095,000
- 19 Beds
- 10 Baths
- 9,876 sq. ft.
- Multi-family
- Active
Listed by:rohom tabankia
Office:arlo real estate advisors
MLS#:25542003
Source:CRMLS
Price summary
- Price:$3,095,000
- Price per sq. ft.:$313.39
About this home
Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 6.64% Cap Rate/10.19 GRM with 77% upside in rents! ONE (1) 3bd-1.5ba move in ready units may be delivered VACANT at the close of escrow. This property consists of two buildings with a mix of (4) 1-Bedroom/1-Bath and (2) 2-Bedroom/1-Bath (2) 3-Bedroom/1-Bath (1) Townhouse style 3-Bedroom/1 1/2-Bath and (1) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 6.64% with a Pro-forma cap rate of 12.7%/6.34 GRM. Pro-forma figures take into consideration $325,000 cap ex to develop FOUR ADU units. In addition, all units are separately metered for gas and electricity and are equipped with either wall-unit A/C and Heat, Central A/C (two townhouse-style units) or mini split systems. E-Mail LA1 for set up sheet and showings.
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Home facts
- Year built:1952
- Listing Id #:25542003
- Added:777 day(s) ago
- Updated:August 21, 2025 at 01:30 PM
Rooms and interior
- Bedrooms:19
- Total bathrooms:10
- Living area:9,876 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Natural Gas
Structure and exterior
- Year built:1952
- Building area:9,876 sq. ft.
- Lot area:0.3 Acres
Finances and disclosures
- Price:$3,095,000
- Price per sq. ft.:$313.39
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