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7035 Woodley Avenue 115, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 2 bath

7035 Woodley Avenue 115, Van Nuys, California 91406 home-pic-0
ACTIVE$475,000
7035 Woodley Avenue 115, Van Nuys, California 91406
3Beds
2Baths
1,097Sqft
37,720Lot
Year Built
1989
Close
-
List price
$475K
Original List price
$489K
Price/Sqft
$433
HOA
$465.35
Days on market
-
Sold On
-
MLS number
SR25039990
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $475.0K(38th), sqft - 1097(38th), beds - 3(50th), baths - 2(50th).

Looking for a 3 BEDROOM + 2 BATH condo with a washer & dryer inside the unit? Welcome to the Montecito Gardens! This unit has just been freshly painted, and there's brand-new flooring throughout! The primary bedroom has a walk-in closet & private bath, the kitchen has counter bar seating, and you can cozy up to the fireplace in the living room. There are 2 covered parking spaces; security gated. The complex has a pool, spa, gym and sauna for your recreation. Located near Lake Balboa Park and all its amenities; freeway close. The HOA is getting ready to make several key improvements to the complex, including new roofing, pool improvements and exterior upgrades. Seller will pay a percentage or ALL of the new HOA assessment fees for the upcoming exterior upgrades and repairs that have been approved. Paid at the end of escrow. An excellent investment, so don't delay. What a deal!

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
Condition Rating
Good
Built in 1989, this unit has recently undergone significant cosmetic updates, including fresh paint and brand-new flooring throughout, making it move-in ready. The kitchen features stainless steel appliances and appears updated, offering a functional and appealing space. While the bathrooms are clean and well-maintained, their style is somewhat dated, preventing an 'Excellent' rating. Overall, the property is in good condition with no immediate renovations required.
Pros & Cons

Pros

Turnkey Condition & Modern Updates: The unit has been freshly painted and features brand-new flooring throughout, offering a move-in ready and aesthetically pleasing living space.
Desirable In-Unit Features: This 3-bedroom, 2-bath condo includes a highly sought-after in-unit washer & dryer, a primary bedroom with a walk-in closet and private bath, and a cozy fireplace.
Comprehensive Complex Amenities: Residents benefit from a security-gated complex with a pool, spa, gym, and sauna, enhancing lifestyle and security.
Proactive HOA with Seller Contribution: The HOA is undertaking significant improvements (new roofing, pool, exterior upgrades), with the seller committed to paying a percentage or all of the associated assessment fees, mitigating immediate buyer costs.
Convenient Location: The property is ideally located near Lake Balboa Park and its amenities, offering recreational opportunities, and is freeway close for easy commuting.

Cons

High HOA Fees: The association fee of $465.35 per month is substantial and could impact affordability and long-term ownership costs, despite covering amenities and future improvements.
Aging Infrastructure & Future Assessments: Built in 1989, the complex requires significant upgrades (roofing, pool, exterior), indicating an aging infrastructure that, despite current seller contribution, may lead to future assessments or increased maintenance costs.
Potential Lack of Central Air Conditioning: The description mentions a fireplace but does not specify a cooling system, which could be a significant drawback in Van Nuys' warm climate, potentially requiring additional investment for comfort.

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