7035 Woodley 116, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 2 bath
ACTIVE$399,999
7035 Woodley 116, Van Nuys, California 91406
2Beds
2Baths
878Sqft
37,720Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Modern Kitchen & Interior Finishes: The kitchen features modern cabinetry, quartz countertops, and stainless-steel appliances, complemented by upgraded lighting and tile flooring in the primary bath, offering a contemporary living space.
Top Cons:
High Monthly Association Fee: The association fee of $507.0 is substantial and adds a significant recurring cost to homeownership, potentially impacting affordability for some buyers.
Compared to the nearby listings
Price:$400.0K vs avg $487.5K ($-87,501)25%
Size:878 sqft vs avg 1,130 sqft13%
Price/sqft:$456 vs avg $43475%
More Insights
Built in 1989 (36 years old).
Condition: This condo, built in 1989, has undergone significant and recent interior renovations, placing it firmly in the 'Good' category. The kitchen features modern gray shaker-style cabinetry, light quartz countertops, and stainless-steel appliances, all appearing to be in excellent condition and updated within the last 5-10 years. The living areas boast contemporary light gray laminate flooring and upgraded recessed lighting, along with a modern chandelier. While the bedroom has carpet, it appears clean and well-maintained, complemented by a modern ceiling fan. The description also notes tile flooring in the primary bath, suggesting updates there as well. The property is move-in ready with no immediate renovations required, and the major cosmetic systems are functional and stylish, aligning with the criteria for a 'Good' condition score despite the building's overall age.
Year Built
1989
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$456
HOA
$507
Days on market
-
Sold On
-
MLS number
SR25268568
Home ConditionGood
Features
View-
About this home
Perfect investment opportunity! Stylish single-story condo with a modern touch, offering 2 bedrooms and 2 bathrooms in prime location next to Lake Balboa. Step into the bright and spacious living room with a charming fireplace, upgraded lighting that flows seamlessly into the dining area. The kitchen features modern cabinetry, quartz countertops, and stainless-steel appliances for a sleek look. The Primary Suite is spacious and boasts a walk-in closet, ceiling fans and a private bath with tile flooring. The second bedroom features a newer ceiling fan and wall-to-wall mirrored closet doors. There is a full restroom in the hallway and a convenient in-unit washer and dryer. The parking garage offers two assigned covered parking spaces. Enjoy the community amenities as well such as the pool, hot tub, gym, and sauna. This community is fully gated with private access only. The location is ideal, just minutes away from Lake Balboa Park, convenient access to the 405 freeway, and close to many restaurants, stores, and entertainment.
Nearby schools
3/10
Bassett Street Elementary School
Public,•PK-5•0.5mi
4/10
Bassett Street Elementary School
Public,•K-5•0.5mi
5/10
William Mulholland Middle School
Public,•6-8•1.3mi
3/10
William Mulholland Middle School
Public,•6-8•1.3mi
Price History
Date
Event
Price
08/31/23
Sold
$383,500
04/11/16
Sold
$230,000
02/11/11
Sold
$139,000
04/18/07
Sold
$271,500
Condition Rating
Good
This condo, built in 1989, has undergone significant and recent interior renovations, placing it firmly in the 'Good' category. The kitchen features modern gray shaker-style cabinetry, light quartz countertops, and stainless-steel appliances, all appearing to be in excellent condition and updated within the last 5-10 years. The living areas boast contemporary light gray laminate flooring and upgraded recessed lighting, along with a modern chandelier. While the bedroom has carpet, it appears clean and well-maintained, complemented by a modern ceiling fan. The description also notes tile flooring in the primary bath, suggesting updates there as well. The property is move-in ready with no immediate renovations required, and the major cosmetic systems are functional and stylish, aligning with the criteria for a 'Good' condition score despite the building's overall age.
Pros & Cons
Pros
Modern Kitchen & Interior Finishes: The kitchen features modern cabinetry, quartz countertops, and stainless-steel appliances, complemented by upgraded lighting and tile flooring in the primary bath, offering a contemporary living space.
Prime Location & Accessibility: Situated next to Lake Balboa Park, with convenient access to the 405 freeway, and close proximity to various restaurants, stores, and entertainment options.
Extensive Community Amenities: Residents can enjoy a range of amenities including a pool, hot tub, gym, and sauna, all within a fully gated community providing private access.
Convenient In-Unit Features & Parking: The unit includes an in-unit washer and dryer, along with two assigned covered parking spaces, adding significant convenience for residents.
Affordable Price Point: Listed at $399,999, this 2-bedroom, 2-bathroom condo offers a relatively accessible entry point into the competitive Los Angeles real estate market.
Cons
High Monthly Association Fee: The association fee of $507.0 is substantial and adds a significant recurring cost to homeownership, potentially impacting affordability for some buyers.
Compact Square Footage: With 878 sqft, the unit is relatively small for a 2-bedroom, 2-bathroom configuration, which may limit living space and appeal to buyers seeking more expansive interiors.
Building Age: Built in 1989, the building is 35 years old. While the unit has modern updates, the age of the overall building infrastructure could imply potential for future maintenance or special assessments.