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6948 N Woodman Ave Van Nuys (los Angeles), CA, 91405
$3,295,000 Land for sale 0.46 acres
Consider the option to construct or establish a new nursery in Valley Glen, a highly sought-after area in Van Nuys for both multifamily and office developments. This presents an exceptional investment prospect for experienced investors and developers. The property is already set for development, boasting plans for a luxurious apartment complex consisting of 23 units spanning 31,150 square feet, along with an additional 1,200-square-foot ADU. The unit composition is diverse, featuring twenty 2-bedroom + 2-bathroom units and three 3-bedroom + 2-bathroom units, including two designated for low-income residents. Projections indicate an impressive annual gross income of $796,536. The lot, measuring 19,961 square feet, is zoned as R3 (16,817.33 square feet) and R1 (3,151.3 square feet). Market rental rates average $2.58 per square foot. Parking is ample, with a 14,566-square-foot area providing space for 36 vehicles. The average unit size is 1,132 square feet.
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Property details
19,961 sqft interior area
View
None
Land area
19,961 sqft (0.46 acres)
Price per sqft
$165/sqft
Days on Verhouse
20
Address
6948 N Woodman Ave, Van Nuys (los Angeles), CA, 91405
City of California
Van Nuys (los Angeles)
County
Los Angeles
District
Listing
Zoning
LAR3
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Listed by
Elham Khani, Coldwell Banker Realty
Name
Elham Khani
License number
01989596
Brokerage company
Coldwell Banker Realty
MLS #
CL24384985
Payment calculator
Calculate your monthly payments
Mortgage
$10,117
Taxes
$0
HOA dues
$0
Mortgage
$659,000 / 20%
2.28%
30 years
Your amount
$10,117 / month
Lot details
TMK #2328010025
Parcel #
2328010025
91405 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 91405
46%
Families with children
National average: 39%
37%
Non family households
654,525
Population
$82,952
Average Income
Age & gender
Median age 35 years
More info
Commute types
82% commute by car
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Education level
23% have not graduated education
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Number of employees
1% work in construction
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Vehicles available
38% have 1 vehicle
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Vehicles by gender
38% have 1 vehicle
More info
Housing market insights for
$1.11m
Neighborhood average
sales price*
sales price*
$883.5k
Neighborhood median
sales price*
sales price*
546
Number
of sales*
of sales*
Housing type
37% are single detacheds
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Rooms
40% of the houses have 4 or 5 rooms
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Bedrooms
57% have 2 or 3 bedrooms
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Owners vs Renters
65% are renters
More info
14.33 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Location Details, Documents & Disclosures
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Directions to property
EAST ON WOODMAN, NORTH OF VANOW
Price history
New Listing Apr 26, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 26, 2024 | New Listing | $3,295,000 | 165.07 | MLS #CL24384985 |
| Apr 26, 2024 | New Listing | $3,295,000 | 623.58 | MLS #CL24384959 |
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Frequently Asked Questions about 6948 N Woodman Ave
What is 6948 N Woodman Ave?
6948 N Woodman Ave is a lot of 0.46 acres (about is 19,961 sqft).
What is the full address of this Land?
6948 N Woodman Ave, Van Nuys (los Angeles), CA, 91405.
Tell me about the point of interest nearby
The closest grocery stores are Ralphs, 0.36 miles away and Super King, 1.19 miles away.
Based on information from the bridgeMLS as of 05-15-2024. 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. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 04, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Ralphs, 0.36 miles away and Super King, 1.19 miles away.
The 91405 zip area has a population of 654,525, and 46% of the families have children. The median age is 35.69 years and 82% commute by car. The most popular housing type is "single detached" and 65% is renter.
