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7035 Woodley 205, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 2 bath

7035 Woodley 205, Van Nuys, California 91406 home-pic-0
ACTIVE$405,000
7035 Woodley 205, Van Nuys, California 91406
2Beds
2Baths
907Sqft
37,720Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Capital Improvements & Seller Paid Assessment: The complex has a new roof, upcoming upgraded windows, and the seller is paying off the HOA special assessment, indicating a well-maintained property and immediate financial benefit to the buyer.
Top Cons:
High Monthly Association Fee: The $514.63 monthly HOA fee is substantial and adds a significant recurring cost to homeownership, which could impact affordability for some buyers.

Compared to the nearby listings

Price:$405.0K vs avg $487.5K ($-82,500)25%
Size:907 sqft vs avg 1,130 sqft13%
Price/sqft:$447 vs avg $43475%

More Insights

Built in 1989 (36 years old).
Condition: Built in 1989, this condo has undergone significant updates, including laminate flooring, crown molding, recessed lighting, granite countertops, and stainless steel appliances in the kitchen, making it move-in ready. The complex also benefits from a new roof and upcoming upgraded windows, with the seller covering the HOA special assessment. While the kitchen is well-updated, the bathroom appears less modern, and some underlying building systems may still be original, preventing an 'Excellent' rating. However, the overall condition is well-maintained with recent major improvements.
Year Built
1989
Close
-
List price
$405K
Original List price
$405K
Price/Sqft
$447
HOA
$514.63
Days on market
-
Sold On
-
MLS number
RS25257099
Home ConditionGood
Features
Good View: City Lights, Neighborhood
ViewCity Lights,Neighborhood

About this home

Welcome to your new home in the heart of Van Nuys! This charming 2-bedroom, 2-bath condo offers comfort, convenience, and a great community lifestyle. The open living area features laminate flooring, crown molding, recessed lighting, and a cozy fireplace. The kitchen includes granite countertops, ample cabinetry, and stainless steel appliances. The primary suite offers a walk-in closet and private bath, while the second bedroom is perfect for guests or a home office. Enjoy community amenities such as a fitness center and sauna. The HOA is doing several community improvements aimed at enhancing safety, appearance, and overall property value — making this complex even more desirable for residents and future homeowners. Wait and there is more, a new roof has been installed throughout the complex and upgraded windows for each unit is soon to be installed. To make it even way better, seller will payoff the HOA special assessment! Conveniently located near shopping, dining, and freeway access. Move-in ready and full of potential. - PRICED TO SELL!!

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
01/12/21
Sold
$350,000
09/27/13
Sold
$200,000
09/21/09
Sold
$156,000
04/18/06
Sold
$258,000
Condition Rating
Good
Built in 1989, this condo has undergone significant updates, including laminate flooring, crown molding, recessed lighting, granite countertops, and stainless steel appliances in the kitchen, making it move-in ready. The complex also benefits from a new roof and upcoming upgraded windows, with the seller covering the HOA special assessment. While the kitchen is well-updated, the bathroom appears less modern, and some underlying building systems may still be original, preventing an 'Excellent' rating. However, the overall condition is well-maintained with recent major improvements.
Pros & Cons

Pros

Significant Capital Improvements & Seller Paid Assessment: The complex has a new roof, upcoming upgraded windows, and the seller is paying off the HOA special assessment, indicating a well-maintained property and immediate financial benefit to the buyer.
Updated Interior Features: The condo boasts modern finishes including laminate flooring, crown molding, recessed lighting, granite countertops, and stainless steel appliances, making it move-in ready and appealing.
Desirable Community Amenities: Residents have access to a fitness center and sauna, enhancing the lifestyle and value proposition of the condominium complex.
Convenient Location & Accessibility: The property is strategically located near shopping, dining, and freeway access, offering excellent convenience for daily living and commuting.
Proactive HOA Management: The HOA is actively engaged in community improvements aimed at enhancing safety, appearance, and overall property value, suggesting good long-term management and investment.

Cons

High Monthly Association Fee: The $514.63 monthly HOA fee is substantial and adds a significant recurring cost to homeownership, which could impact affordability for some buyers.
Older Building Systems (Potential): Built in 1989, while recent roof and window upgrades are positive, other major building systems (e.g., plumbing, electrical, HVAC) may be original or older, potentially requiring future maintenance or upgrades.
Limited Square Footage: At 907 sqft, the unit offers relatively compact living space for a 2-bedroom condo, which might be a constraint for buyers seeking more expansive interiors.

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