5846 Woodman Avenue, Van Nuys, CA 91401 - Berkshire Hathaway HomeServices California Properties
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5846 Woodman Avenue, Van Nuys, CA 91401

$3,095,000 Approx. USD 19 beds, 10 baths
9,876 sqft
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Listing Agent


Rohom Tabankia | rt@arloadvisors.com
Lic#: 01940808
Broker: Courtesy of ARLO Real Estate Advisors

Agent Remarks

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 Details

Property type: (Multi-Family)
Status: Active
MLS# 25542003
Price: $3,095,000
Beds: 19
Baths: 10
Built in 1952
9,876 sqft
2 stories
0.30 acres
Lot size: 0.2991
County: Los Angeles
Zoning: LARD1.5
Appliances: Disposal,Refrigerator
Heating/cooling: Wall/Window Unit(s)
Heating description: Natural Gas
MLS area: VG - Valley Glen

Last Updated: 5/29/2025

 Days On Market (DOM): 35

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This listing belongs to the VG - Valley Glen MLS area

Lat/Long: 34.176979, -118.430892.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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