Sold for $1,475,000

Listed by: W&D Real Estate Investments • Mario Gandara • Contact: 310-210-5789

Bought with: RE/MAX One

$1,475,000

6940 Woodley Ave, Van Nuys, CA 91406

8beds

4baths

3,072sqft

Quadruplex

Built in 1948

-- sqft lot

$1,420,700 Zestimate^®

$480/sqft

$3,132 Estimated rent

Home value

$1,420,700

$1.34M - $1.52M

$3,132/mo

Zestimate^® history

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$3,132/mo

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$9,448/mo

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$9,448/mo

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What's special

Quartz countertopsLaminate waterproof flooringNew kitchenRaised foundationLa valley college

We are pleased to offer for sale this four (4) unit multifamily investment opportunity located at 6940 Woodley Avenue, in the City of Van Nuys. This two-story building, consisting of one structure, was constructed of wood frame and stucco on a raised foundation built in 1948 with a square footage of 3,074 on a 6,366-square foot lot. This property contains a great unit mix of four (4) Two bedroom/one bathroom units. Two of the units were recently remodeled with paint, laminate waterproof flooring, new kitchen with cabinets and quartz countertops. A true value add opportunity with possibility of adding ADU units on the detach garages. Residents enjoy the easy access to much of the San Fernando Valley. LA Valley College, Sepulveda Basin Recreation Center, and Van Nuys/Sherman Oaks Recreation Center are some of the notable destinations nearby.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 3,072
Total interior livable area: 3,072 sqft

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4

Features

Entry location: 1
Pool features: None

Lot

Size: 6,333 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 2224026001
Zoning: LAR3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1948

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs

Location

Region: Van Nuys

Financial & listing details

Price per square foot: $480/sqft
Tax assessed value: $1,504,500
Annual tax amount: $18,397
Date on market: 4/11/2023
Cumulative days on market: 126 days
Listing terms: Cash to New Loan
Total actual rent: 8286

Price history

Date	Event	Price
12/29/2023	Sold	$1,475,000-1.7%$480/sqft
Source: CRMLS #SB23060261 Report a problem
8/7/2023	Listed for sale	$1,500,000+57.9%$488/sqft
Source: CRMLS #SB23060261 Report a problem
10/7/2019	Sold	$950,000-13.6%$309/sqft
Source: Public Record Report a problem
10/2/2019	Pending sale	$1,100,000$358/sqft
Source: BRC Advisors- BH #19-478804 Report a problem
6/17/2019	Listed for sale	$1,100,000+539.5%$358/sqft
Source: BRC Advisors- BH #19-478804 Report a problem
1/12/1998	Sold	$172,000+3.3%$56/sqft
Source: Public Record Report a problem
9/20/1995	Sold	$166,500$54/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$18,397 +1.1%	$1,504,500 +2%
2024	$18,204 +44.9%	$1,475,000 +46.8%
2023	$12,562 +4.8%	$1,004,941 +2%
2022	$11,984 +1.9%	$985,237 +2.6%
2021	$11,758 -1%	$959,841 +1%
2020	$11,874	$950,000 +213.3%
2019	$11,874 +202.2%	$303,185 +2%
2018	$3,929	$297,241 +2%
2017	$3,929 +2.1%	$291,414 +2%
2016	$3,847 +3.2%	$285,701 +1.5%
2015	$3,729 +0.3%	$281,411 +2%
2014	$3,717	$275,899 +2.5%
2012	--	$269,269 +2%
2011	--	$263,990 +0.8%
2010	--	$262,018 -0.2%
2009	--	$262,642 +2%
2008	--	$257,494 +2%
2007	--	$252,446 +2%
2006	--	$247,497
2005	--	$247,497 +4%
2004	--	$237,888 +1.9%
2003	--	$233,529 +25.6%
2002	--	$185,905 +4%
2000	--	$178,688