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$890,000

Est. payment - /mo

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9,021 Sqft Lot

New

6870 Woodley AVE Van Nuys, CA 91406

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Patrick Fossati

patrick@fossatigrp.com +1(805) 910-0463

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26191649

Construction Status Fixer

HOA Y/N No

Year Built 1954

Lot Size 9,021 Sqft

Property Sub-Type Quadruplex

Property Description

Rare value-add income opportunity with significant upside potential in a convenient Van Nuys location. Situated on an expansive 9,017 SF lot, 6870 Woodley Ave features four (4) existing residential units and offers an excellent opportunity for investors looking to reposition, improve and maximize a multifamily asset. One unit will be delivered vacant, providing an immediate opportunity to renovate and lease at current market rents, while the existing occupied units provide income from day one. Two units have 2 bed + 1 bath and the other two are 1 bed + 1 bath units. Vacant unit is a top level 1 bed + 1 bath. Property currently has 4 covered carport spaces plus room for 6 or more cars on site.
The property's generous lot size and existing configuration may offer additional opportunities for ADU development, laundry income, expansion or other improvements, creating the potential to further enhance rental income and long-term value. Buyers and developers are encouraged to independently investigate and verify all zoning, density, ADU, development and redevelopment possibilities with the City of Los Angeles and appropriate professionals.
With a combination of existing income, a vacant unit ready for renovation, large amount of open land and potential for additional units, this property presents multiple paths to create value. Conveniently located in Van Nuys with easy access to shopping, dining, schools, transportation, major freeways (101 & 405) and employment centers throughout the San Fernando Valley. 6870 Woodley is an outstanding opportunity for an investor seeking a multifamily property with immediate value-add potential and compelling long-term possibilities.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Water Heater

Laundry See Remarks

Exterior

Parking Features Assigned, Carport, Driveway, On Site, Oversized

Carport Spaces 4

Fence Chain Link

Pool None

Community Features Curbs, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 4

Private Pool No

Building

Lot Description Corner Lot, Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 2224027040

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Special Listing Condition Trust

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Listed by Edward Kaminsky eXp Realty of California, Inc 310-427-2414, DRE #00958114

NEARBY SCHOOL & BUSINESS

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Patrick Fossati

Broker Associate License ID: 01907255

+1(805) 910-0463

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6870 Woodley AVE Van Nuys, CA 91406

Patrick Fossati

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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6870 Woodley AVE