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$ 975,000
Est. payment | /mo
5 Beds
2,354 SqFt
$ 975,000
Est. payment | /mo
5 Beds
2,354 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,354 sqft
Price per Sqft $414
MLS Listing ID CL26873871
Bedrooms 5
HOA Y/N No
Year Built 1942
Lot Size 5,532 Sqft
Acres 0.13
Property Sub-Type OTHER
Property Description
We are pleased to present a triplex located at 5623 Woodman Ave in Van Nuys, California. The subject property is located in a great Van Nuys location, just north of Burbank Blvd and west of Fulton Ave. Located in Van Nuys adjacent to Sherman Oaks, this triplex features a front house and rear duplex, presenting an excellent owner-user and value-add opportunity. One unit will be delivered vacant in partially stripped condition, allowing for comprehensive renovation and repositioning, while approximately 25% rental upside enhances income potential. The property includes three garage parking spaces with potential for ADU conversion, subject to buyer verification. A charming, shared courtyard and mature landscaping provide privacy, shade, and outdoor leisure space. The property also qualifies for 30 year fixed residential financing and offers convenient access to major commercial corridors, the 101, 405, and 170 freeways, Metro Orange Line, recreation, dining, shopping, and everyday amenities throughout Van Nuys and Sherman Oaks. With a flexible triplex layout, vacant value-add unit, strong rental upside, ADU potential, and a great central Van Nuys location, the property presents a compelling opportunity for both owner-users and investors.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Exterior
Total Parking Spaces 3
Building
New Construction No
Others
Tax ID 2246025008
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Listed by Jason Tuvia • Marcus & Millichap
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