6537 Woodley Ave, Van Nuys, CA 91406
6537 Woodley Ave, Van Nuys, CA 91406
6537 Woodley Ave, Van Nuys, CA 91406
6
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$3,500,000
Est. payment /mo
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23 Beds
18 Baths
13,354 SqFt
New

6537 Woodley Ave Van Nuys, CA 91406

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,354 sqft

Price per Sqft $262

MLS Listing ID 26701781

Bedrooms 23

Year Built 1959

Lot Size 0.643 Acres

Acres 0.643

Property Sub-Type Multi-Family

Property Description

JNM Realty proudly presents, on an exclusive basis, 6537-6543 Woodley Ave, a seventeen (17) unit apartment community in Van Nuys that has been well maintained and strategically improved. Two (2) of the units are single family dwellings and the remainder are in two (2) separate buildings. The property offers a stable operational foundation with two (2) vacant units, allowing a buyer to immediately set market rents, select tenants, and implement renovation-driven upside. Recent capital improvements include a newly permitted roof replacement totaling approximately $100,000.The asset is offered at a 10.31x GRM and 5.49% current cap rate, representing the lowest GRM among comparable sales within a one-mile radius since January 2018.This positions the property as one of the most attractive price-to-income opportunities in the submarket. This investment is best suited for a buyer seeking a low-management, stabilized asset with clear, incremental upside and a long-term hold strategy. JNM Realty currently manages the property and is available to provide continuity for the incoming ownership. This opportunity is available alongside 14157 Calvert St, Van Nuys, CA as a portfolio or separately.

Location

State CA

County Los Angeles

Area Lake Balboa

Zoning LAR1

Rooms

Other Rooms None

Interior

Heating Central

Cooling Wall Unit(s)

Equipment None

Exterior

Parking Features Assigned, Oversized, Uncovered

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by JNM Realty, INC.

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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6537 Woodley Ave