We are pleased to present 7507 Woodman Ave, Van Nuys, where opportunity meets potential in this 34-unit apartment building.Built in 1986, this property is not subject to LA City Rent Control (Only Subject to CA State Rent Control AB 1482).Situated amidst a bustling neighborhood, this property offers a unique investment prospect for savvy buyers looking to capitalize onuntapped potential. With a strategic renovation and management plan, there is ample opportunity to enhance both the aesthetic appealand functionality of each unit, thereby increasing rental income and overall property value.The dense location offers convenient access to major transportation arteries and essential amenities, ensuring residents have easyconnections to employment centers, shopping, and dining options.The building itself features a mix of unit sizes, including 22 two bedroom, 6 one bed room, and 6 studio apartments accommodating arange of tenant needs. Amenities such as gated parking and on-site laundry facilities are in place, providing a foundation upon which tobuild additional value for residents.
Property Details
Property Features
Property Information:
Year Built: 1986
Stories: 0
Living Area: 21,159 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Brett Sanson
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 50
Exterior Features
Parking Information:
Parking: Gated
Lot Features
Lot Information:
Lot Size: 0.72 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
School Info
Assigned Schools Information:
Panorama High School, Public District Grades 9-12
Robert Fulton College Preparatory, Public District Grades 6-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
James Madison Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Ranchito Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: 101 Freeway. Exit Woodman Ave and go North. Property will be on left side on corner of Woodman Ave and Woodman Place
Price Information
Listing Price Info
Price Summary:
List Price: $7,850,000
Price Per SqFt: $371/SqFt
Tax Information:
Annual Amount: $25,071
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $6.8M more than the Median Sold Price and $269/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: #24418991
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Brett Sanson
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: 9/19/2024, 6:21:05 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
Dec 29, 1998
Dec 29, 1998Home Sold
$1,275,000
Jun 25, 1996
Jun 25, 1996Home Sold
$1,050,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$25,071
$1,846,612
2020
$24,391
$1,827,679
2019
$23,836
$1,791,843
2018
$23,316
$1,756,710
2017
$23,316
$1,722,265
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.
Elementary School
5
/10
Ranchito Avenue Elementary School
7940 Ranchito Ave
Distance between this listing and this school0.56 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school9.81 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school12.41 miles
Public Magnet Grades 1-5
Middle School
5
/10
James Madison Middle School
13000 Hart St
Distance between this listing and this school1.14 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school13.21 miles
Public District Grades 6-8
High School
3
/10
Panorama High School
8015 Van Nuys Blvd
Distance between this listing and this school1.21 miles
Public District Grades 9-12
3
/10
Robert Fulton College Preparatory
7477 Kester Ave
Distance between this listing and this school1.48 miles
Public District Grades 6-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school4.15 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Ranchito Avenue Elementary School
7940 Ranchito Ave
Distance between this listing and this school0.56 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school9.81 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school12.41 miles
Public Magnet Grades 1-5
Assigned Schools
5
/10
James Madison Middle School
13000 Hart St
Distance between this listing and this school1.14 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school13.21 miles
Public District Grades 6-8
Nearby Schools
5
/10
Valor Academy Charter
8015 Van Nuys Blvd
Distance between this listing and this school1.21 miles
Public Charter Grades 5-8
Assigned Schools
3
/10
Panorama High School
8015 Van Nuys Blvd
Distance between this listing and this school1.21 miles
Public District Grades 9-12
3
/10
Robert Fulton College Preparatory
7477 Kester Ave
Distance between this listing and this school1.48 miles
Public District Grades 6-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school4.15 miles
The neighbors living near this home have an average income of $34,265. Most Los Angeles, CA residents have annual incomes less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7507 Woodman Ave
What is the listing price of this property?
The listing price of 7507 Woodman Ave property is $7,850,000.
What type of property is this?
The property 7507 Woodman Ave is a house located in Van Nuys, California, 91405.
Is this property for sale now?
Active Listing: 7507 Woodman 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 7507 Woodman Ave are: Ranchito Avenue Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10James Madison Middle School: GreatSchools Rating 5/10Studio: GreatSchools Rating 4/10Panorama High School: GreatSchools Rating 3/10Robert Fulton College Preparatory: GreatSchools Rating 3/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $25,071 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 29, 1998 for $1,275,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 7507 Woodman Ave has 50 bedrooms and 34 bathrooms.
What is the square footage of this property?
The property 7507 Woodman Ave is 21,159 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 7507 Woodman Ave is 1986.
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This home is located at 7507 Woodman Ave in Van Nuys, CA and zip code 91405 in the The San Fernando Valley neighborhood. This 21,159 square foot home, which was built in 1986, sits on a 0.72 acre lot. Features: 50 bedrooms, 34 bathrooms. It has been listed on Rocket Homes since July 24, 2024 and is currently priced at $7,850,000.
Over 668 listings were sold over their listed price in August 2024 in Los Angeles, CA. In the same period over 728 listings were sold below the listed price and 213 listings were sold for the listed price. In August 2024 in Los Angeles, CA there were 7.2% more homes for sale than in July 2024. In August 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $1,013,623.
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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