NOT LISTED FOR SALE
23 Beds
18 Baths
13,354 Sq Ft
0.64 Acres

Last Sold June 15, 2018

Last sale price $3,495,000 $262 Per Sq Ft

1 Day on Market

About This Home

As of June 2018

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.

Last Agent to Sell the Property

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 02/28/2018

Last Buyer's Agent

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 02/28/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.64 Acre Lot

Interior Spaces

  • 13,354 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 18 Bathrooms

Parking

  • 26 Parking Spaces
  • Carport

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Buildings
  • 17 Units

Listing and Financial Details

  • Assessor Parcel Number 2233-028-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 13354
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 23
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 18.00
  • Den: 0
  • Price Per S Q F T: 263.97

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 26

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 800632
  • Assessed Land Value: 1200950
  • Assessor Parcel Number: 2233-028-022
  • Geocode Override: No
  • Lot Size Area: 28001

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.92
  • Number Of Units: 17
  • Total Annual Expense: 101679
  • Type Of Units: Residential
  • Vacancy Rate: $1650

Range of Values:

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Sold Price
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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
06/15/2018 06/15/18 Sold $3,495,000 -0.9% $262 / Sq Ft
03/01/2018 03/01/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $3,525,000 +86.0% $264 / Sq Ft
02/25/2014 02/25/14 Sold $1,895,000 -3.3% $142 / Sq Ft
09/05/2013 09/05/13 Pending -- -- --
04/18/2013 04/18/13 For Sale $1,959,000 -- $147 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-318556

The MLS