Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 7% Cap Rate/10.48 GRM with 96% upside in rents! ONE (1) move in ready units may be delivered VACANT at the close of escrow. This property consists of two buildings with a mix of (4) 1-Bedroom/1-Bath and (2) 2-Bedroom/1-Bath (2) 3-Bedroom/1-Bath and (2) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 7% with a Pro-forma cap rate of 15.86%/5.37 GRM. In addition, all units are separately metered for gas and electricity and are equipped with either wall-unit A/C and Heat, Central A/C (two townhouse-style units) or mini split systems. E-Mail LA1 for set up sheet and showings.
Property Details
Property Features
Property Information:
Year Built: 1952
Stories: 2
Living Area: 9,876 SqFt
Listing Office:
Office Name: ARLO Real Estate Advisors
Office Phone: (310) 666-6443
Listing Agent: Rohom Tabankia
Interior Features
Interior Information:
Appliances: Disposal, Refrigerator
Bedroom and Bathroom Information:
Total Bedroom Count: 16
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.30 Acres
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: Woodman Ave and Hatteras
Price Information
Listing Price Info
Price Summary:
List Price: $2,995,995
Price Per SqFt: $303/SqFt
Tax Information:
Annual Amount: $16,497
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.9M more than the Median Sold Price and $338/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24413159
Listing Office:
Office Name: ARLO Real Estate Advisors
Office Phone: (310) 666-6443
Listing Agent: Rohom Tabankia
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/22/2024, 2:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 09, 2020
Sep 09, 2020Home Sold
$1,200,001
Aug 30, 2004
Aug 30, 2004Home Sold
$1,450,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$16,497
$1,325,000
2020
$11,568
$924,042
2019
$11,453
$905,924
2018
$11,170
$888,162
2017
$11,170
$870,748
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Erwin Elementary
13400 Erwin St
Distance between this listing and this school0.55 miles
Public District Grades KG-5
7
/10
Chandler Learning Academy
14030 Weddington St
Distance between this listing and this school0.85 miles
Public District Grades KG-5
4
/10
Kittridge Street Elementary
13619 Kittridge St
Distance between this listing and this school0.97 miles
Public District Grades PK-5
Nearby Schools
5
/10
Millikan Middle School
5041 Sunnyslope Ave
Distance between this listing and this school1.00 miles
Public Charter Grades 6-8
5
/10
High Tech la Middle School
5435 Vesper Ave Rm B50
Distance between this listing and this school1.28 miles
Public Charter Grades 6-8
5
/10
Van Nuys Middle School
5435 Vesper Ave
Distance between this listing and this school1.28 miles
Public District Grades 6-8
Nearby Schools
6
/10
Ulysses Grant High School
13000 Oxnard St
Distance between this listing and this school0.89 miles
Public District Grades 9-12
2
/10
Jack London Continuation
12924 Oxnard St
Distance between this listing and this school0.89 miles
Public District Grades 9-12
2
/10
Jack London Community Day
12924A Oxnard St
Distance between this listing and this school0.89 miles
The neighbors living near this home have an average income of $63,306. Typical income of Los Angeles, CA residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5846 Woodman Ave
What is the listing price of this property?
The listing price of 5846 Woodman Ave property is $2,995,995.
What type of property is this?
The property 5846 Woodman Ave is a house located in Van Nuys, California, 91401.
Is this property for sale now?
Active Listing: 5846 Woodman Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $16,497 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 9, 2020 for $1,200,001. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 5846 Woodman Ave has 16 bedrooms and 10 bathrooms.
What is the square footage of this property?
The property 5846 Woodman Ave is 9,876 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5846 Woodman Ave is 1952.
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This home is located at 5846 Woodman Ave in Van Nuys, CA and zip code 91401 in the The San Fernando Valley neighborhood. This 9,876 square foot home, which was built in 1952, sits on a 0.30 acre lot. Features: 16 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $2,995,995.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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