3 months on rocket

7011 Woodley Ave, Van Nuys, CA, 91406

$1,199,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
6 Baths
3,542 SqFt
$339/SqFt
House

Location

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7011 Woodley Ave, Los Angeles$1,199,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingAssigned, Concrete, One Space
Year Built1954
HeatingForced Air, Wall Furnace
ViewNone
MLS #24439815
Lot Size0.16 Acres
StatusActive

About 7011 Woodley Ave

Well maintained 6-unit building in Lake Balboa, one of the most sought after neighborhoods in LA. Close to shopping, markets, less than 2 miles from Balboa Park. Fully rented, 5 of the units have laminate and ceramic tile floors.All the exterior facing windows have been replaced, roof completely replaced in 2019. Owner pays water/power for bldg., so the next owner can pay to have split meters for each unit thus greatly increasing the net income. Owner pays a service company to lease the washer/dryer. Each unit has wall AC unit, and wall gas heater. Four units are 1 bed 1 bath, 2 units are 3 bed 1 bath. Owners monthly expenses: $1000 water/power, $400 trash, $75 pest control, $100 gardening, $43 for laundry lease/ maintenance. Each unit has one assigned parking space. Plently of street parking. Across from the new Vallarta super market/ tortilleria/ bakery. Approx 70% of owners expense is that the building has one water meter. A new owner could apply to LADWP for permission to have this split so each unit has its own individual water bill thus greatly reducing the owner's monthly expenses. Seller is highly motvated. Seller is not doing a 1031 tax exchange so closing can be quick. (The annual rent control rent raise is February.)

Property Details

Property Features

Property Information:

  • Year Built: 1954
  • Stories: 2
  • Living Area: 3,542 SqFt

Listing Office:

  • Office Name: KW Advisors
  • Office Phone: (310) 482-2200
  • Listing Agent: Robert Glinert

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Assigned, Concrete, One Space

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Wall Furnace

Other

Directions Information:

  • Directions: On Woodley Ave between Vanowen and Sherman Way in Lake Balboa, just off Hart Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,199,000
  • Price Per SqFt: $339/SqFt

Tax Information:

  • Annual Amount: $7,632
  • Tax Year: 2021
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Housing Market Comparison

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

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

7011 Woodley Ave vs Los Angeles

99 DAYS ON ROCKET

+61 Days

$1,199,000

+$177.4K More

$339/SqFt

-$301 Less

KEY TAKEAWAY

This property is $177.4K more than the Median Sold Price and $301/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: #24439815

Listing Office:

  • Office Name: KW Advisors
  • Office Phone: (310) 482-2200
  • Listing Agent: Robert Glinert

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: 12/24/2024, 12:21:00 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

Jan 24, 2011Home Sold
$475,000
Aug 09, 2002Home Sold
$310,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,632$562,204
2020$7,425$556,441
2019$7,292$545,532
2018$7,101$534,837
2017$7,101$524,351

History based on county public records data.

Payment Calculator

$6,052

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,661

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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.

Nearby Schools

school-card-donut-1373618
6
/10

  • Bassett Street Elementary School

  • 15756 Bassett St

  • 0.44 miles

  • Public District Grades KG-5

school-card-donut-1373619
4
/10

  • Cohasset Elementary School

  • 15810 Saticoy St

  • 0.76 miles

  • Public District Grades KG-5

school-card-donut-1373620
7
/10

  • Gault Street Elementary School

  • 17000 Gault St

  • 1.14 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,774. The majority of Los Angeles, CA residents have income less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7011 Woodley Ave

What is the listing price of this property?

The listing price of 7011 Woodley Ave property is $1,199,000.

What type of property is this?

The property 7011 Woodley Ave is a house located in Van Nuys, California, 91406.

Is this property for sale now?

Active Listing: 7011 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 $7,632 (source: MLS/based on county public records data).

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

The last sale was on January 24, 2011 for $475,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7011 Woodley Ave has 10 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 7011 Woodley Ave is 3,542 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7011 Woodley Ave is 1954.

Rocket Homes›California›Los Angeles County›Los Angeles›91406›7011 Woodley Ave

This home is located at 7011 Woodley Ave in Van Nuys, CA and zip code 91406 in the The San Fernando Valley neighborhood. This 3,542 square foot home, which was built in 1954, sits on a 0.16 acre lot. Features: 10 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $1,199,000.

Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.

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

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