7045 Woodley Avenue 110, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 2 bath
7045 Woodley Avenue 110
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 7045 Woodley Avenue 110, Van Nuys, California 91406 is currently available with a list price of $395,000. 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.
The property is move-in ready with significant interior updates. The kitchen has been modernized with stone countertops, white cabinetry, and stainless steel appliances. The unit features contemporary laminate flooring, updated light fixtures, and central HVAC. While the building was constructed in 1989, the interior renovations and the fact that the building is currently undergoing a $60,000-per-unit modernization project place it firmly in the 'good' category, as it requires no immediate repairs and shows minimal wear.
PROSSTRENGTHS & OPPORTUNITIES
- Paid Special Assessments
The seller has fully paid a $60,000 special assessment, allowing the buyer to benefit from extensive building modernizations and future value appreciation without the immediate financial burden.
- Turnkey Interior Features
The unit is move-in ready and features highly desirable modern conveniences, including an updated kitchen, in-unit washer and dryer, central HVAC, and two dedicated parking spaces.
- Comprehensive Amenities
The community offers a robust amenity package including a pool, gym, and sauna, situated in a prime Lake Balboa location with easy access to shopping, dining, and freeways.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly association fee of $528.10 is relatively high for an 813-square-foot unit, which may impact overall affordability and debt-to-income ratios for some buyers.
- Active Construction Environment
As the building is currently undergoing major renovations, residents may experience temporary noise, dust, and restricted access to common areas until the project is completed.
About 7045 Woodley Avenue 110
Seller has paid all current mandatory special assessments in full (approximately $60,000)! The building is currently undergoing renovations and is expected to be upgraded into a more modern and attractive community. Now vacant and ready for immediate move-in! This upgraded and affordable condo offers great value for both owner-occupants and investors. The unit features a bright living room, dining area, and an updated kitchen. The primary bedroom includes a walk-in closet. Enjoy the convenience of an in-unit washer and dryer and central HVAC. The unit also includes two parking spaces. The building is undergoing improvements, which may add future value for the new owner. Community amenities include a gym, pool, and sauna. Excellent location near Lake Balboa, shopping centers, restaurants, and easy freeway access. Move-in ready.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 37,687 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $528.1 / 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 | 813 | 1,063.5 | 17% |
| Lot Size | 37,687 | 43,554 | 50% |
| Price | $395.0K | $430.0K | 50% |
| Price per sq ft | $486 | $414 | 83% |
| Built year | 1989 | 1985 | 50% |
| HOA | $528.1 | $495 | 67% |
| Days on market | 4 | 156 | 33% |
Pricing History
Listed for Sale
Mar 2, 2026
$395,000
Initial Listing
Sold
Oct 29, 2024
$400,000
Public Record
Sold
Dec 29, 2020
$345,000
Public Record
Sold
Apr 29, 2016
$230,000
Public Record
Sold
Apr 28, 2010
$130,000
Public Record