NOT LISTED FOR SALE

7240 Woodman Ave Van Nuys, CA 91405

6 Beds
5 Baths
16,060 Sq Ft
22,220 Sq Ft Lot

Last Sold November 16, 2020

Last sale price $4,650,000 $290 Per Sq Ft

465 Days on Market

Highlights

  • 0.51 Acre Lot
  • No HOA
  • Laundry Room
  • Van Nuys High School Rated A
  • Cooling System Mounted To A Wall/Window
  • Garden

About This Home

As of November 2020

Property Id: 926257

Contact Gilbert for a viewing!
Your Cool & Convenient Van Nuys Oasis Awaits! - 2BR/1BA Near Everything! Escape the Heat! This spacious 2 bedroom, 1 bathroom apartment at 7240 Woodman Ave is ready for you to call home!

Imagine: Stepping into your cool, air-conditioned living space after a long day, popping a load of laundry in on-site, and whipping up dinner in your well-equipped kitchen. This isn't just an apartment, it's a comfortable and convenient lifestyle!

Stay Cool & Comfortable: A/C units in both the living room AND bedroom! Hassle-Free Living: Dishwasher and disposal make cleanup a breeze. Enjoy a full kitchen with a fridge and stove.
Parking Included: Say goodbye to street parking headaches! On-Site Laundry! Located in the heart of Van Nuys, you're just minutes away from shopping, dining, entertainment, and convenient access to major freeways. Don't waste time! To make sure this apartment is the right fit, tell us your deal-breakers!

Woo-hoo!!

Last Agent to Sell the Property

Lily Wang

KO TAI REALTY License #01321428 Listed on: 06/09/2019

KO TAI REALTY

Co-Listed By

HSIEN HSU

KO TAI REALTY License #01321494

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1952

Lot Details

  • Two or More Common Walls
  • Garden
  • Front Yard

Home Design

  • 16,060 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Parking

  • 14 Open Parking Spaces
  • 20 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1.76
  • Tax Tract Number 1081
  • Assessor Parcel Number 2328006025

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 18 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,640
  • Gardener Expense $1,680
  • Insurance Expense $5,025
  • Maintenance Expense $3,540
  • Professional Management Expense $3,600
  • Trash Expense $5,609
  • Water Sewer Expense $14,390
  • New Taxes Expense $56,987
  • Operating Expense $94,010
  • Gross Income $337,111
  • Net Operating Income $243,101

Property Details

Home Type

Condominium

Year Built

Built in 1952

Lot Details

0.51 Acres

Listing Details

  • CapRate: 5.17
  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 14390.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 2328006025
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 289.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 14.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 5609.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden
  • Lot Size Sq Ft: 22222.00
  • Lot Size Acres: 0.5101

Multi Family

  • Average1 Bed Area: 720 Square Feet
  • Average2 Bed Area: 920 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Average Studio Area: 590 Square Feet
  • Electric Expense: 1640.00
  • Gross Income: 337111.00
  • Gross Multiplier: 14.34
  • Gross Operating Income: 337111.00
  • Gross Scheduled Income: 337111.00
  • Insurance Expense: 5025.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 9540.00
  • Lot Size Area: 22222.0000 Square Feet
  • Maintenance Expense: 3540.00
  • Net Operating Income: 243101.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 94010.00
  • Rent Control: Yes
  • Total Expenses: 94010.00

Tax Info

  • New Taxes Expense: 56987.00
  • Tax Lot: 1.76
  • Tax Tract Number: 1081
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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 List to Sale Price per Sq Ft Prior Sale
02/10/2025 02/10/25 Off Market -- -- --
01/22/2025 01/22/25 For Rent -- -- --
11/16/2020 11/16/20 Sold $4,650,000 -1.1% $290 / Sq Ft
09/16/2020 09/16/20 Pending -- -- --
07/04/2020 07/04/20 Price Changed $4,700,000 -2.1% $293 / Sq Ft
05/18/2020 05/18/20 Price Changed $4,800,000 -1.0% $299 / Sq Ft
03/16/2020 03/16/20 Price Changed $4,850,000 -1.0% $302 / Sq Ft
02/28/2020 02/28/20 Price Changed $4,900,000 -2.0% $305 / Sq Ft
02/12/2020 02/12/20 Price Changed $5,000,000 -2.0% $311 / Sq Ft
12/20/2019 12/20/19 Price Changed $5,100,000 -1.9% $318 / Sq Ft
11/30/2019 11/30/19 Price Changed $5,200,000 -7.1% $324 / Sq Ft
06/09/2019 06/09/19 For Sale $5,600,000 +33.3% $349 / Sq Ft
01/03/2019 01/03/19 Sold $4,200,000 0.0% $262 / Sq Ft View Prior Sale
12/14/2018 12/14/18 Price Changed $4,200,000 +5.1% $262 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
11/13/2018 11/13/18 For Sale $3,995,000 0.0% $249 / Sq Ft
03/02/2018 03/02/18 Rented $1,795 0.0% --
02/19/2018 02/19/18 For Rent $1,795 0.0% --
02/24/2017 02/24/17 Sold $3,100,000 -3.1% $193 / Sq Ft View Prior Sale
10/17/2016 10/17/16 Pending -- -- --
10/12/2016 10/12/16 Price Changed $3,200,000 -17.9% $199 / Sq Ft
08/23/2016 08/23/16 Price Changed $3,900,000 -1.0% $243 / Sq Ft
08/11/2016 08/11/16 Price Changed $3,940,000 -0.3% $245 / Sq Ft
08/09/2016 08/09/16 Price Changed $3,950,000 -0.3% $246 / Sq Ft
07/22/2016 07/22/16 For Sale $3,960,000 -- $247 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19135933

California Regional Multiple Listing Service (CRMLS)
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