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6537-6543 Woodley Ave 17 Unit Apartment Building $4,844,350 CAD ($284,962 CAD/Unit) 5.49% Cap Rate Van Nuys, CA 91406
Investment Highlights
- Two (2) buildings managed by one onsite manger
- Brand new $100,000 roof
- Approximately 75% upside to non-renovated units
Executive Summary
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.
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.
Property Facts
| Price | $4,844,350 CAD | Property Subtype | Apartment |
| Price Per Unit | $284,962 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.49% | Lot Size | 0.64 AC |
| Sale Condition | 1031 Exchange | Building Size | 13,354 SF |
| Gross Rent Multiplier | 10.31 | No. Stories | 2 |
| No. Units | 17 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.95/1,000 SF |
| Zoning | R1 | ||
| Price | $4,844,350 CAD |
| Price Per Unit | $284,962 CAD |
| Sale Type | Investment |
| Cap Rate | 5.49% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.31 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 13,354 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.95/1,000 SF |
| Zoning | R1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 742 |
| 2+1 | 3 | - | 864 |
| 3+1.5 | 1 | - | 1,200 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 2233-028-022 | Improvements Assessment | $2,355,939 CAD |
| Land Assessment | $3,151,762 CAD | Total Assessment | $5,507,701 CAD |
Property Taxes
Parcel Number
2233-028-022
Land Assessment
$3,151,762 CAD
Improvements Assessment
$2,355,939 CAD
Total Assessment
$5,507,701 CAD
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6537-6543 Woodley Ave
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