7240 Woodman Avenue, Van Nuys, CA 91405

About this property

Great opportunity for investor . Property has 20% rental upside potential . Property has been renovated $400,000
 of Capital improvements for brand new roof , brand new window , new exterior paint , new washer , new dryer and complete remodeled of 8 unit . Property are conveniently to the bank , restaurant , school and supermarket .
 Gross income per year $ 336,506. Net income per year $ 244,484. Building square feet : 16,060. Lot size : 22,222. Each unit has separate
 meter for gas electricity . Tenant pay their electricity and gas . Great location !

Listing description from the November 2020 sale, as reported to CRMLS.

Sale history

$4,650,000

Sold November 2020 · listed $4,700,000, orig. $5,600,000, on market June 2019 · MLS #WS19135933 · Source: CRMLS

Listing Agent: LILY WANG · Listing Office: KO TAI REALTY · Contact: 626-285-8333 · Bought with: Michael Melik-Bakchian · JohnHart Real Estate

$4,200,000

Sold January 2019 · orig. $3,995,000, on market November 2018 · MLS #BB18272603 · Source: CRMLS

Listing Agent: David Nalbandyan · Listing Office: LA Premier Realty · Contact: 855-525-7653 · Bought with: LILY WANG · KO TAI REALTY

$3,100,000

Sold February 2017 · listed $3,200,000, orig. $3,960,000, on market July 2016 · MLS #CV16160491 · Source: CRMLS

Listing Agent: TOD OUTZEN · Listing Office: CMC REALTY · Contact: 866-820-4357 · Bought with: David Nalbandyan · LA Premier Realty

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