1 month on rocket

7005 Woodley Ave, Van Nuys, CA, 91406

$1,750,000

0.26 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewCity Lights
MLS #24445861
Lot Size0.26 Acres
StatusActive

About 7005 Woodley Ave

We are pleased to present an 11,314 square foot RTI development site located at 7005 N Woodley Avenue in Van Nuys, California. The subject property is situated in a solid Van Nuys location, south of Sherman Way and east of Hayvenhurst Avenue. This offering is positioned a one (1) large corner lot totaling 11,314 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right, a maximum height of 45 feet by-right, and a FAR of 3:1 by-right. Additionally, this offering is fully entitled utilizing the city Density Bonus incentive program, allowing for a 35% bonus to unit count and FAR, twenty-one (21) RTI units and 4.05:1 respectively, and a height increase to 56 feet. There are thirty-five (35) total parking spots in the plans, with ten (10) on-grade and twenty-five (25) on one level subterranean. The plans also include a rooftop deck common area, and four (4) recreation rooms with layouts that are nearly identical to their adjacent one-bedroom unit counterparts, making these recreation rooms a breeze to convert into ADU units. Totaling twenty-five (25) units after ADU conversion, the unit mix is great and consists of thirteen (13) one-bedroom / one-bathroom units, four (4) one-bedroom / one-bathroom ADU units, and eight (8) two-bedroom / two-bathroom units. In accordance with the Density Bonus program, one (1) one-bedroom and one (1) two-bedroom unit are set aside for very low income. Situated in a solid Van Nuys location, this offering presents an excellent opportunity for any developer to capitalize on a fully RTI development site in one of the most populous municipalities in Los Angeles.

Property Details

Property Features

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Jason Tuvia

Exterior Features

Exterior Information:

  • View: City Lights

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

School Info

Assigned Schools Information:

  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • William Mulholland Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Bassett Street Elementary School, Public District Grades KG-5
  • Academy For Enriched Sciences, Public Magnet Grades 1-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6

Other

Directions Information:

  • Directions: The subject property is situated in a solid Van Nuys location, south of Sherman Way and east of Hayvenhurst Avenue.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,750,000

Tax Information:

  • Annual Amount: $1,625
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

7005 Woodley Ave vs Los Angeles

38 DAYS ON ROCKET

-0 Day

$1,750,000

+$726.5K More

KEY TAKEAWAY

This property is $726.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24445861

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Jason Tuvia

IDX 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: 11/5/2024, 2:20:51 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

Jun 07, 2021Home Sold
$1,250,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,625$93,554
2020$1,589$92,596
2019$1,535$90,781
2018$1,508$89,002
2017$1,508$87,258

History based on county public records data.

Payment Calculator

$8,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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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.

Elementary School

school-card-donut-1983616
6
/10
  • Bassett Street Elementary School

  • 15756 Bassett St

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-1983617
9
/10
  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 9.37 miles

  • Public Magnet Grades 1-5

school-card-donut-1983618
9
/10
  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 11.15 miles

  • Public Magnet Grades KG-6

Middle School

school-card-donut-1983619
5
/10
  • William Mulholland Middle School

  • 17120 Vanowen St

  • 1.27 miles

  • Public Magnet Grades 6-8

school-card-donut-1983620
4
/10
  • Studio

  • 2211 W Avenue 30

  • 15.55 miles

  • Public District Grades 6-8

High School

school-card-donut-1983621
7
/10
  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 1.11 miles

  • Public Magnet Grades 9-12

school-card-donut-1983622
8
/10
  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 19.10 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,774. Most Los Angeles, CA residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7005 Woodley Ave

What is the listing price of this property?

The listing price of 7005 Woodley Ave property is $1,750,000.

What type of property is this?

The property 7005 Woodley Ave is land located in Van Nuys, California, 91406.

Is this property for sale now?

Active Listing: 7005 Woodley Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7005 Woodley Ave are:
Bassett Street Elementary School: GreatSchools Rating 6/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
William Mulholland Middle School: GreatSchools Rating 5/10
Studio: GreatSchools Rating 4/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,625 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 7, 2021 for $1,250,000. (source: MLS/tax record).

How much acreage is this property?

The property 7005 Woodley Ave is 0.26 acres.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles914067005 Woodley Ave

This home is located at 7005 Woodley Ave in Van Nuys, CA and zip code 91406 in the The San Fernando Valley neighborhood. This home sits on a 0.26 acre lot. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $1,750,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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