5623 Woodman Avenue, Los Angeles, CA 91401
List Price: $975K
Listing Status: Active
0Days on Market: 0
5 Bedrooms · 4 Bathrooms · 2,354 sq ft
Property Type: ResidentialIncome
Year Built: 1942
Lot Size: 5,532 sq ft
MLS Number: 26873871
About This Property
We are pleased to present a triplex located at 5623 Woodman Ave in Van Nuys, California. The subject property is located in a great Van Nuys location, just north of Burbank Blvd and west of Fulton Ave. Located in Van Nuys adjacent to Sherman Oaks, this triplex features a front house and rear duplex, presenting an excellent owner-user and value-add opportunity. One unit will be delivered vacant in partially stripped condition, allowing for comprehensive renovation and repositioning, while approximately 25% rental upside enhances income potential. The property includes three garage parking spaces with potential for ADU conversion, subject to buyer verification. A charming, shared courtyard and mature landscaping provide privacy, shade, and outdoor leisure space. The property also qualifies for 30 year fixed residential financing and offers convenient access to major commercial corridors, the 101, 405, and 170 freeways, Metro Orange Line, recreation, dining, shopping, and everyday amenities throughout Van Nuys and Sherman Oaks. With a flexible triplex layout, vacant value-add unit, strong rental upside, ADU potential, and a great central Van Nuys location, the property presents a compelling opportunity for both owner-users and investors.
Listing provided by: Jason Tuvia DRE #01772495 818-212-2700 jtuvia@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26873871
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.