Woodman Ave, Van Nuys, Home For Sale

house for sale

Listed: 07/27/24

7507 Woodman Ave, Van Nuys, California, 91405

50 Bed:

34 Bath:

21,159 Sq Ft Living Area:

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Price

$ 8,35M

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About This House

We are pleased to present 7507 Woodman Ave, Van Nuys, where opportunity meets potential in this 34-unit apartment building.Built in 1986, this property is not subject to LA City Rent Control (Only Subject to CA State Rent ControlAB 1482).Situated amidst a bustling neighborhood, this property offers a unique investment prospect for savvy buyers looking to capitalize onuntapped potential. With a strategic renovation and management plan, there is ample opportunity to enhance both the aesthetic appealand functionality of each unit, thereby increasing rental income and overall property value.The dense location offers convenient access to major transportation arteries and essential amenities, ensuring residents have easyconnections to employment centers, shopping, and dining options.The building itself features a mix of unit sizes, including 22 … Full description

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Houses for sale in Los Angeles

Original listing

Van Nuys Neighborhood Council District Housing & Living

Average sale prices for houses

3 bed

Show as List Show as Graph

Month	Median Price
Aug 2024	$1,041,809 (+2.8%)
Jul 2024	$1,013,424 (+2.8%)
Jun 2024	$985,436 (-7.5%)
May 2024	$1,065,325 (+10.1%)
Apr 2024	$967,291 (-12.8%)
Mar 2024	$1,109,260 (0%)

In August 2024, the asking price for 3 bed houses for sale in/near Van Nuys Neighborhood Council District, Los Angeles, United States averaged $1,041,809, an increase of 2.8% from the previous month.

Median price trends for properties for sale in Van Nuys Neighborhood Council District, Los Angeles, United States as of August 2024.

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.