Seller's Agent in 2023
Mario Gandara
W&D Real Estate Investments
(310) 562-0324
1 in this area
13 Total Sales
6940 Woodley Ave Van Nuys, CA 91406
Van Nuys NeighborhoodEstimated Value: $1,341,000 - $1,645,000
8
Beds
4
Baths
3,072
Sq Ft
$500/Sq Ft
Est. Value
About This Home
As of December 2023We are pleased to offer for sale this four (4) unit multifamily investment opportunity located at 6940 Woodley Avenue, in the City of Van Nuys. This two-story building, consisting of one structure, was constructed of wood frame and stucco on a raised foundation built in 1948 with a square footage of 3,074 on a 6,366-square foot lot. This property contains a great unit mix of four (4) Two bedroom/one bathroom units. Two of the units were recently remodeled with paint, laminate waterproof flooring, new kitchen with cabinets and quartz countertops. A true value add opportunity with possibility of adding ADU units on the detach garages.
Residents enjoy the easy access to much of the San Fernando Valley. LA Valley College, Sepulveda Basin Recreation Center, and Van Nuys/Sherman Oaks Recreation Center are some of the notable destinations nearby.
Last Agent to Sell the Property
W&D Real Estate Investments License #01898787 Listed on: 04/11/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,204
Year Built
- Built in 1948
Lot Details
- 6,333 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,072 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 1 / C
- Tax Tract Number 6148
- Assessor Parcel Number 2224026001
- $501 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $250
- Insurance Expense $1,300
- Trash Expense $2,400
- Water Sewer Expense $4,800
- Operating Expense $33,146
- Gross Income $99,432
- Net Operating Income $65,703
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 11, 2023
Closed on
Dec 11, 2023
Sold by
Edwin Drafter Michael and Edwin Tina Chang
Bought by
Dolmadjian David
Seller's Agent
Mario Gandara
W&D Real Estate Investments
Buyer's Agent
Ramon Rascon
RE/MAX One
List Price
$1,500,000
Sold Price
$1,475,000
Premium/Discount to List
-$25,000
-1.67%
Views
119
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,489
Avg. Annual Appreciation
2.31%
Original Mortgage
$1,180,000
Outstanding Balance
$1,161,405
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$373,084
Purchase Details
Listed on
Apr 11, 2023
Closed on
Nov 22, 2023
Sold by
Dafter Michael and Dafter Stephanie
Bought by
Dafter Michael Edwin and Chang Stephanie Tina
Seller's Agent
Mario Gandara
W&D Real Estate Investments
Buyer's Agent
Ramon Rascon
RE/MAX One
List Price
$1,500,000
Sold Price
$1,475,000
Premium/Discount to List
-$25,000
-1.67%
Views
119
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,180,000
Outstanding Balance
$1,161,405
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$373,084
Purchase Details
Closed on
Feb 17, 2021
Sold by
Dafter Michael and Walker Ann
Bought by
Dafter Michael and Chang Stephanie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$762,000
Interest Rate
2.87%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 17, 2019
Closed on
Oct 3, 2019
Sold by
Chang Stephanie Tina
Bought by
Dafter Michael
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Jahan Shahryar
The Agency
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.39%
Original Mortgage
$760,000
Interest Rate
3.5%
Purchase Details
Listed on
Jun 17, 2019
Closed on
Aug 23, 2019
Sold by
Moraga Olga Torres
Bought by
Dafter Michael and Walker Ann
Seller's Agent
Davis Saadian
Keller Williams Hollywood Hills
Buyer's Agent
Jahan Shahryar
The Agency
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
3.5%
Purchase Details
Closed on
Apr 19, 2002
Sold by
Moraga Olga Torres and Ramirez Omar
Bought by
Moraga Olga Torres
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
9.05%
Purchase Details
Closed on
Oct 8, 1997
Sold by
Whittemore Evelyn E
Bought by
Moraga Olga Torres and Ramirez Omar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,059
Interest Rate
7.16%
Mortgage Type
FHA
Purchase Details
Closed on
May 5, 1995
Sold by
Miller Henry J and Miller Vicki A
Bought by
Whittemore Gerald L and Whittemore Evelyn E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,150
Interest Rate
7.88%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dolmadjian David | $1,475,000 | Ticor Title Company Of Califor | |
| Dafter Michael Edwin | -- | None Listed On Document | |
| Dafter Michael | -- | Placer Title Company | |
| Dafter Michael | -- | North American Title Company | |
| Dafter Michael | $950,000 | North American Title Company | |
| Moraga Olga Torres | -- | American Title | |
| Moraga Olga Torres | $172,000 | Commonwealth Land Title Co | |
| Whittemore Gerald L | $166,500 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dolmadjian David | $1,180,000 | |
| Previous Owner | Dafter Michael | $762,000 | |
| Previous Owner | Dafter Michael | $760,000 | |
| Previous Owner | Moraga Olga Torres | $502,500 | |
| Previous Owner | Moraga Olga Torres | $248,000 | |
| Previous Owner | Moraga Olga Torres | $168,059 | |
| Previous Owner | Whittemore Gerald L | $158,150 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/29/2023 12/29/23 | Sold | $1,475,000 | -1.7% | $480 / Sq Ft |
| 08/07/2023 08/07/23 | Price Changed | $1,500,000 | 0.0% | $488 / Sq Ft |
| 08/07/2023 08/07/23 | For Sale | $1,500,000 | +1.7% | $488 / Sq Ft |
| 05/24/2023 05/24/23 | Off Market | $1,475,000 | -- | -- |
| 04/11/2023 04/11/23 | For Sale | $1,450,000 | +52.6% | $472 / Sq Ft |
| 10/09/2019 10/09/19 | Sold | $950,000 | -13.6% | $309 / Sq Ft |
| 06/17/2019 06/17/19 | For Sale | $1,100,000 | -- | $358 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,204 | $1,504,500 | $678,300 | $826,200 |
| 2024 | $18,204 | $1,475,000 | $665,000 | $810,000 |
| 2023 | $12,562 | $1,004,941 | $454,890 | $550,051 |
| 2022 | $11,984 | $985,237 | $445,971 | $539,266 |
| 2021 | $11,758 | $959,841 | $434,454 | $525,387 |
| 2020 | $11,874 | $950,000 | $430,000 | $520,000 |
| 2019 | $4,034 | $303,185 | $170,668 | $132,517 |
| 2018 | $3,929 | $297,241 | $167,322 | $129,919 |
| 2016 | $3,729 | $285,701 | $160,826 | $124,875 |
| 2015 | $3,679 | $281,411 | $158,411 | $123,000 |
| 2014 | $3,717 | $275,899 | $155,308 | $120,591 |
Source: Public Records
Agents Affiliated with this Home
-
Mario Gandara
-
Ramon Rascon
Buyer's Agent in 2023
Ramon Rascon
RE/MAX
(800) 577-1638
4 in this area
77 Total Sales
-
Davis Saadian
Seller's Agent in 2019
Davis Saadian
Keller Williams Hollywood Hills
(310) 402-8958
1 in this area
79 Total Sales
-
J
Buyer's Agent in 2019
Jahan Shahryar
The Agency
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23060261
APN: 2224-026-001
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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