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
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: $1,600,000
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.
This property is $576.5K 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
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: 11/21/2024, 10:20:53 AM 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
Jun 07, 2021
Jun 07, 2021Home Sold
$1,250,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
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.
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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
Bassett Street Elementary School
15756 Bassett St
Distance between this listing and this school0.44 miles
Public District Grades KG-5
4
/10
Cohasset Elementary School
15810 Saticoy St
Distance between this listing and this school0.77 miles
Public District Grades KG-5
7
/10
Gault Street Elementary School
17000 Gault St
Distance between this listing and this school1.14 miles
Public District Grades PK-5
Nearby Schools
5
/10
Mulholland Middle School
17120 Vanowen St
Distance between this listing and this school1.26 miles
Public District Grades 6-8
5
/10
Lashon Academy
7477 Kester Ave
Distance between this listing and this school1.60 miles
Public Charter Grades KG-8
4
/10
Valley Charter Middle School
14646 Sherman Way
Distance between this listing and this school1.81 miles
Public Charter Grades 6-8
Nearby Schools
6
/10
Lake Balboa College Preparatory Magnet K-12
6701 Balboa Blvd
Distance between this listing and this school1.09 miles
Public Magnet Grades KG-12
6
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school1.13 miles
Public Magnet Grades 9-12
2
/10
Independence Continuation
6501 Balboa Blvd
Distance between this listing and this school1.15 miles
The neighbors living near this home have an average income of $46,774. Typical income of Los Angeles, CA residents is less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
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 $1,600,000.
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 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).
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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 $1,600,000.
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 number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.
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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