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Value Add Opportunity | 18% Upside In Rents 6860 Woodley Ave 7 Unité Immeuble d’appartements 2 523 844 $ CAD (360 549 $ CAD/Unité) 5,31% Taux de capitalisation Van Nuys, CA 91406
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Non-RSO / AB 1482 Only: Post-1978 construction (1988) exempts the property from the City of Los Angeles Rent Stabilization Ordinance.
- Six of seven tenants are on month-to-month leases, allowing a new owner to implement rent increases without waiting for lease expirations.
- Lake Balboa Park Proximity: The property is located within walking distance of Lake Balboa Park, a 70-acre municipal park.
- 18.5% Rent Upside to Pro Forma: Current rents average $2,109 per month across the seven units, compared to achievable market rents of $2,500 per month
- Clean All-2BR/2BA Product: All seven units are identically configured twobedroom/ two-bathroom flats at approximately 1,119 square feet each.
- First Offering in 32 Years: The property has been held by the Berkus Trust since 1994 and is being offered for sale for the first since purchase.
Résumé de l'annonce
The LAAA Team of Marcus & Millichap is pleased to present 6860 Woodley Avenue, a seven-unit multifamily property in the Lake Balboa neighborhood of Van Nuys. Built in 1988, the two-story building encompasses 7,830 square feet of rentable space on a 6,999-square-foot lot zoned [Q]R3-1. All seven units are two-bedroom/two-bathroom flats, averaging 1,119 square feet, offering a clean and uniform product type. The property is situated on a quiet residential stretch of Woodley Avenue, approximately one mile south of Van Nuys Airport and within walking distance of Lake Balboa Park.
The building's consistent unit mix makes it operationally straightforward, with individually metered gas and electric, no on-site manager requirement, and no pool or common laundry to maintain. As a post-1978 property, 6860 Woodley is exempt from the City of Los Angeles Rent Stabilization Ordinance, subject only to the statewide AB 1482 Tenant Protection Act. This regulatory status gives owners greater flexibility to adjust rents to market levels. Current rents range from $2,067 to $2,150 per month, well below the achievable market range of $2,400 to $2,600 per month for comparable two-bedroom units on the Woodley Avenue corridor.
Lake Balboa offers stable renter demand driven by relative affordability compared to more central Valley submarkets. The subject's 18.5 percent rent upside from current to pro forma income presents a clear value-add opportunity for buyers seeking immediate cash flow improvement without capital renovation. The all-2BR/2BA format attracts a reliable tenant base of working professionals and families, and the 1,119-square-foot unit size is larger than most competing inventory on the corridor. At 100 percent occupancy with month-to month leases on six of seven units, a new owner can begin implementing rent adjustments immediately upon closing.
The building's consistent unit mix makes it operationally straightforward, with individually metered gas and electric, no on-site manager requirement, and no pool or common laundry to maintain. As a post-1978 property, 6860 Woodley is exempt from the City of Los Angeles Rent Stabilization Ordinance, subject only to the statewide AB 1482 Tenant Protection Act. This regulatory status gives owners greater flexibility to adjust rents to market levels. Current rents range from $2,067 to $2,150 per month, well below the achievable market range of $2,400 to $2,600 per month for comparable two-bedroom units on the Woodley Avenue corridor.
Lake Balboa offers stable renter demand driven by relative affordability compared to more central Valley submarkets. The subject's 18.5 percent rent upside from current to pro forma income presents a clear value-add opportunity for buyers seeking immediate cash flow improvement without capital renovation. The all-2BR/2BA format attracts a reliable tenant base of working professionals and families, and the 1,119-square-foot unit size is larger than most competing inventory on the corridor. At 100 percent occupancy with month-to month leases on six of seven units, a new owner can begin implementing rent adjustments immediately upon closing.
Faits sur la propriété
| Prix | 2 523 844 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 360 549 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,16 AC |
| Taux de capitalisation | 5,31% | Taille du bâtiment | 7 830 pi² |
| Multiplicateur du loyer brut | 10.44 | Occupation moyenne | 90% |
| Nombre d’unités | 7 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1988 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 0,89/1 000 pi² |
| Zonage | R3-1, Los Angeles | ||
| Prix | 2 523 844 $ CAD |
| Prix par unité | 360 549 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,31% |
| Multiplicateur du loyer brut | 10.44 |
| Nombre d’unités | 7 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,16 AC |
| Taille du bâtiment | 7 830 pi² |
| Occupation moyenne | 90% |
| Nombre d’étages | 2 |
| Année de construction | 1988 |
| Ratio de stationnement | 0,89/1 000 pi² |
| Zonage | R3-1, Los Angeles |
Commodités
Commodités des unités
- Balcon
Commodités du site
- Système de sécurité
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+2 | 7 | - | 1 050 |
1 1
Moyennement praticable à pied
60/100
Exceptionnellement facile d’accès en voiture
90/100
Transports en commun relativement accessibles
40/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéro de lot | 2224-027-021 | Évaluation des bâtiments | 446 834 $ CAD |
| Évaluation du terrain | 194 755 $ CAD | Évaluation totale | 641 588 $ CAD |
Impôts fonciers
Numéro de lot
2224-027-021
Évaluation du terrain
194 755 $ CAD
Évaluation des bâtiments
446 834 $ CAD
Évaluation totale
641 588 $ CAD
Contacts
-
Glen Scher -
Filip Niculete -
Martin Agnew -
Ryan Rothstein-Serling -
Joshua Yaris -
Marcus & Millichap
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Value Add Opportunity | 18% Upside In Rents | 6860 Woodley Ave
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