7035 Woodley 116, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 2 bath
7035 Woodley 116
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 7035 Woodley 116, Van Nuys, California 91406 is currently available with a list price of $393,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Van Nuys Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 7035 Woodley 116
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 37,720 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $507.0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Bassett Street Elementary School
Grades PK-5 • 0.5 mi
Bassett Street Elementary School
Grades K-5 • 0.5 mi
William Mulholland Middle School
Grades 6-8 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 878 | 1,063.5 | 17% |
| Lot Size | 37,720 | 43,570.5 | 50% |
| Price | $393.0K | $429.0K | 50% |
| Price per sq ft | $448 | $414 | 83% |
| Built year | 1989 | 1985 | 50% |
| HOA | $507.0 | $495 | 67% |
| Days on market | 95 | 156 | 33% |
Pricing History
Listed for Sale
Mar 5, 2026
$393,000
$399,999
-2% Price Drop
Initial Listing
Price Change
Dec 1, 2025
$399,999
Initial Listing
Sold
Aug 31, 2023
$383,500
Public Record
Sold
Apr 11, 2016
$230,000
Public Record
Sold
Feb 11, 2011
$139,000
Public Record
Sold
Apr 18, 2007
$271,500
Public Record