19 days on rocket

6901 Woodman Ave, Van Nuys, CA, 91405

$1,159,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Baths
3,120 SqFt
$371/SqFt
House
Schools Nearby

Location

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6901 Woodman Ave, Los Angeles$1,159,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAssigned
Year Built1953
MLS #24377985
Lot Size0.23 Acres
StatusActive

About 6901 Woodman Ave

Consisting entirely of two-bedroom apartments, the property may be repositioned by a new investor to recapture the approximately 62% in rent upside. Under the same family ownership for the past 60 years, the asset presents an opportunity to either upgrade the existing structures or potentially redevelop the parcel, given its LAR3 zoning, Tier 1 TOC status, and ED1 eligibility. Situated near the corner of Vanowen Street and Woodman Avenue, tenants at the property will soon be within a short distance of the upcoming East San Fernando Valley Light Rail line, with a new station planned for the corner of Vanowen Street and Van Nuys Boulevard. In addition to providing quick transport within the Valley, this light rail line will offer residents convenient connections to both the Metrolink train and the Metro Orange and Red Lines. The city of Van Nuys and the Northeast San Fernando Valley posted a vacancy rate of less than three percent in the second quarter of 2023. Aside from the dense New York City boroughs, this vacancy rate sits among to lowest in the entire country among submarkets that contain at least 60,000 units. With relatively few new residential projects slated for the next two years, it is expected that these strong occupancy rates will remain, to the benefit of local landlords.

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Stories: 1
  • Living Area: 3,120 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Roderick 'Rick' Raymundo

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.23 Acres

School Info

Assigned Schools Information:

  • Van Nuys Senior High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • James Madison Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Kittridge Street Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: We are pleased to announce the opportunity to purchase 6901 Woodman Avenue, a four-unit multifamily property located in Van Nuys, CA.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,159,000
  • Price Per SqFt: $371/SqFt

Tax Information:

  • Annual Amount: $1,525
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

6901 Woodman Ave vs Los Angeles

19 DAYS ON ROCKET

-15 Days

$1,159,000

+$183K More

$371/SqFt

-$257 Less

KEY TAKEAWAY

This property is $183K more than the Median Sold Price and $257/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24377985

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Roderick 'Rick' Raymundo

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 2:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,525$88,726
2020$1,488$87,817
2019$1,419$86,096
2018$1,394$84,409
2017$1,394$82,755

History based on county public records data.

Payment Calculator

$5,852

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,541

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4022664
4
/10

  • Kittridge Street Elementary School

  • 13619 Kittridge St

  • 0.33 miles

  • Public District Grades KG-5

school-card-donut-4022665
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 9.15 miles

  • Public Magnet Grades KG-6

school-card-donut-4022666
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 12.34 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-4022667
4
/10

  • James Madison Middle School

  • 13000 Hart St

  • 0.87 miles

  • Public Magnet Grades 6-8

school-card-donut-4022668
4
/10

  • Studio

  • 2211 W Avenue 30

  • 12.81 miles

  • Public District Grades 6-8

High School

school-card-donut-4022669
6
/10

  • Van Nuys Senior High School

  • 6535 Cedros Ave

  • 1.42 miles

  • Public Magnet Grades 9-12

school-card-donut-4022670
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 4.03 miles

  • Public Magnet Grades 9-12

school-card-donut-4022671
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 16.66 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,201. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 6901 Woodman Ave

What is the listing price of this property?

The listing price of 6901 Woodman Ave property is $1,159,000.

What type of property is this?

The property 6901 Woodman Ave is a house located in Van Nuys, California, 91405.

Is this property for sale now?

Active Listing: 6901 Woodman Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 6901 Woodman Ave are:
Kittridge Street Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
James Madison Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Van Nuys Senior High School: GreatSchools Rating 6/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,525 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 6901 Woodman Ave has 8 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 6901 Woodman Ave is 3,120 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 6901 Woodman Ave is 1953.

Rocket Homes›California›Los Angeles County›Los Angeles›91405›6901 Woodman Ave

This home is located at 6901 Woodman Ave in Van Nuys, CA and zip code 91405 in the The San Fernando Valley neighborhood. This 3,120 square foot home, which was built in 1953, sits on a 0.23 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 11, 2024 and is currently priced at $1,159,000.

Los Angeles, CA housing market in March 2024 saw over 628 listings sold above listed price, more than 196 sold at listed price and over 579 sold below. In March 2024 in Los Angeles, CA there were 10.8% more homes for sale than in February 2024. While the average time on the market in March 2024 was 34 days, the median list price was $975,970.

From Rocket Homes Real Estate and based on county public records data.

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