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.
This property is $175.5K more than the Median Sold Price and $302/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
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: 11/23/2024, 6:20:51 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
DATE
EVENT
PRICE
Jan 24, 2011
Jan 24, 2011Home Sold
$475,000
Aug 09, 2002
Aug 09, 2002Home Sold
$310,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
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.
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NMLS#3030
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 school0.76 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 school1.14 miles
Public Magnet Grades 9-12
2
/10
Independence Continuation
6501 Balboa Blvd
Distance between this listing and this school1.16 miles
The neighbors living near this home have an average income of $46,774. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
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.
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.
In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. 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.