$3,095,000

5846 Woodman Ave Los Angeles, CA 91401

Valley Glen Neighborhood

Estimated payment $20,188/month

Total Views 1,758
19 Beds
10 Baths
9,876 Sq Ft
$313 Price per Sq Ft

Highlights

  • 10 Car Detached Garage
  • Ulysses S. Grant Senior High School Rated A-
  • Laundry Facilities

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.

Listing Agent

Rohom Tabankia

ARLO Real Estate Advisors License #01940808 Listed on: 05/21/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Parking

  • 10 Car Detached Garage

Interior Spaces

  • 9,876 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 10 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Additional Features

  • 0.3 Acre Lot
  • Accessory Dwelling Unit (ADU)

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 2343-005-014

Community Details

Overview

  • 4 Buildings
  • 10 Units

Additional Features

  • Laundry Facilities
  • Vacancy Allowance $9,109

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 9876
  • Probate: No
  • Stories: 2
  • Year Built: 1952
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 10.00
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 313.39

Exterior Features

  • Other Structures: Accessory Dwelling Unit, Other

Garage/Parking

  • Garage Structures: 2
  • Parking Garage: Detached
  • Total Parking: 10

Utilities

  • Cooling: Wall/Window
  • Heating: Natural Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 39.62
  • Assessed Improvement Value: 535500
  • Assessed Land Percent: 60.38
  • Assessed Land Value: 816000
  • Total Assessed Value: 1351500
  • Assessor Parcel Number: 2343-005-014
  • Lot Size Area: 13029

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.19
  • Number Of Units: 10
  • Total Annual Expense: 89952
  • Type Of Units: 10
  • Vacancy Allow: 9109
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 10

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2025 05/21/25 For Sale $3,095,000 -- $313 / Sq Ft
Source: The MLS

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See All Homes in Los Angeles

Source: The MLS

MLS Number: 25542003

The MLS

California Los Angeles County Los Angeles 91401 Valley Glen

5846 Woodman Ave, Los Angeles, CA

This home is located at 5846 Woodman Ave, Los Angeles, CA 91401 and is currently priced at $3,095,000, approximately $313 per square foot. This property was built in 1952. 5846 Woodman Ave is a home located in Los Angeles County with nearby schools including Erwin Street Elementary School, Ulysses S. Grant Senior High School, and Louis D. Armstrong Middle School.

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Rohom Tabankia
Listing Agent
Rohom Tabankia
Section Image
ARLO Real Estate Advisors
(747) 966-5605