NOT LISTED FOR SALE

6551 Woodley Ave van Nuys, CA 91406

Van Nuys Neighborhood
13 Beds
14 Baths
7,675 Sq Ft
6,873 Sq Ft Lot

Last Sold April 02, 2018

Last sale price $1,660,000 $216 Per Sq Ft

34 Days on Market

About This Home

As of April 2018

We are pleased to present for sale 6551 Woodley Ave, located in the Lake Balboa neighborhood of Van Nuys, CA. The offering consists of a 7-unit apartment building constructed in 1964. The gross building area on title is 7,675 square feet, with no common area this yields an average approximate unit size of 1,096 square feet. The unit mix is comprised of (1) 1-bedroom 1-bathroom and (6) large 2-bedroom 1.5-bathroom townhouse units; a premium and rare mix for the style, age, and location of this building. These townhouse style units command a premium in rents above the typical 2-bedroom units in Van Nuys. Unit 2 will also be delivered vacant, providing a new owner with the immediate opportunity to renovate the unit and achieve market rent. Current rents are almost 35% below market assuming unit 2 is achieving market rents at the time of purchase. Fully owned laundry machines offer additional income.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 01/09/2018

Last Buyer's Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 01/09/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,873 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • 7,675 Sq Ft Home

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 14 Bathrooms

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 2233-028-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7675
  • Year Built: 1964
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 13
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 14.00
  • Den: 0
  • Price Per S Q F T: 214.98

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 5

Lot Info

  • Assessed Improvement Value: 161375
  • Assessed Land Value: 19414
  • Assessor Parcel Number: 2233-028-023
  • Geocode Override: No
  • Lot Size Area: 6873

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 14.39
  • Number Of Units: 7
  • Total Annual Expense: 42728
  • Type Of Units: Standard
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
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
04/02/2018 04/02/18 Sold $1,660,000 +0.6% $216 / Sq Ft
01/09/2018 01/09/18 For Sale $1,650,000 +26.9% $215 / Sq Ft
09/15/2017 09/15/17 Sold $1,300,000 -18.8% $169 / Sq Ft
08/11/2017 08/11/17 Pending -- -- --
06/13/2017 06/13/17 For Sale $1,600,000 -- $208 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2018

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    8 in this area

    104 Total Sales

    Filip Niculete
    Section Image
  • J.C. Boucher

    Seller's Agent in 2017

    J.C. Boucher

    Century 21 Doug Anderson

    (661) 945-4521

    72 Total Sales

    J.C. Boucher
    Section Image

  • U

    Buyer's Agent in 2017

    Unknown Member

    NON-MEMBER OFFICE

See All Agents

Map

Source: The MLS

MLS Number: 18-301512

The MLS
California Los Angeles County Van Nuys 91406 Van Nuys

6551 Woodley Ave, Van Nuys, CA

This home is located at 6551 Woodley Ave, van Nuys, CA 91406 since 09 January 2018. This property was built in 1964. 6551 Woodley Ave is a home located in Los Angeles County with nearby schools including Bassett Street Elementary, William Mulholland Middle, and High Tech Los Angeles.

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