7045 Woodley Avenue 218, Van Nuys, California 91406, Van Nuys, 91406 - 1 bed, 1 bath

7045 Woodley Avenue 218
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 7045 Woodley Avenue 218, Van Nuys, California 91406 is currently available with a list price of $305,995. 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.
Built in 1989, this condo has undergone significant recent renovations, making it move-in ready. The listing highlights 'brand-new distressed laminate wood flooring,' 'fresh designer paint,' 'elegant crown molding,' and a 'stylishly updated kitchen' with granite countertops. While the description mentions 'sleek stainless steel appliances,' the images show a mix of white (refrigerator, range) and stainless steel (microwave) appliances. The bathroom features 'contemporary tilework, a new vanity, and modern fixtures,' which is supported by the images. With central A/C, heating, and in-unit laundry, the property meets the criteria for 'Good' condition, indicating it's well-maintained and extensively updated within a reasonable timeframe, requiring no immediate renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Buyer Incentive
The property qualifies for an exclusive $15,000 buyer's assistance program, offering a significant financial advantage for closing costs, rate buy-down, or down payment, particularly appealing to first-time and first-generation homebuyers.
- Extensively Updated Interior
The condo boasts brand-new distressed laminate wood flooring, fresh designer paint, elegant crown molding, a stylishly updated kitchen with granite countertops and stainless steel appliances, and a spa-like bathroom, providing a modern and move-in-ready living environment.
- Comprehensive Comfort & Convenience
Equipped with central A/C and heating, an in-unit washer/dryer, a cozy gas fireplace, and a private balcony, the unit offers a high level of comfort and practical amenities for daily living.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $859 is considerably high for a 1-bedroom, 608 sqft condominium, which could significantly impact the overall affordability and long-term ownership costs for potential buyers.
- Limited Living Space
With only 608 square feet, the unit offers compact living quarters, which may be restrictive for individuals or couples seeking more expansive personal space or anticipating future growth.
- Tandem Parking Arrangement
While two assigned parking spaces are provided, their tandem configuration can be inconvenient, often requiring one vehicle to be moved to allow access for the other, which is less desirable than independent parking.
About 7045 Woodley Avenue 218
*FIRST TIME HOMEBUYERS* This property qualifies for our exclusive home BUYER'S ASSISTANCE PROGRAM providing qualified buyers ****$15,000***** to cover closing costs, rate buy-down and/or down payment! This no-interest, no-payment, private forgivable loan is only available in eligible areas like where your listing is located (and buyers can make up to $159,900 or even $213,200 if they're "first generation" homebuyers). Welcome to this beautifully updated 1-bedroom, 1-bathroom condo, an ideal starter home for first time home buyers offering modern upgrades and comfort. Step inside to brand-new distressed laminate wood flooring throughout, complemented by fresh designer paint and elegant crown molding. The stylishly updated kitchen boasts granite countertops, sleek stainless steel appliances, and ample cabinetry for storage. Enjoy year-round comfort with central A/C and heating, and in unit washer & dryer while the cozy gas fireplace adds warmth and charm to the living space. The spa-like bathroom features contemporary tilework, a new vanity, and modern fixtures. Convenience is key with stackable in-unit laundry hook-ups and a private balcony for relaxation. This quiet, gated complex offers fantastic amenities, including a pool, sauna, and gym. Plus, you’ll have two assigned tandem parking spaces in secured parking. Prime location near Lake Balboa, shopping, dining, and easy freeway access. Don’t miss this move-in-ready gem—a must-see!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 37,675 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $859.0 / 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 | 1.0 | 2.0 | 17% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 608 | 1,063.5 | 17% |
| Lot Size | 37,675 | 43,548 | 50% |
| Price | $306.0K | $422.5K | 17% |
| Price per sq ft | $503 | $414 | 83% |
| Built year | 1989 | 1985 | 50% |
| HOA | $859.0 | $495 | 83% |
| Days on market | 112 | 156 | 33% |
Pricing History
Listed for Sale
Dec 11, 2025
$305,995
$309,995
-1% Price Drop
Initial Listing
Price Change
Nov 14, 2025
$309,995
Initial Listing
Sold
Jan 10, 2022
$300,000
Public Record
Sold
Sep 10, 2014
$170,000
Public Record
Sold
May 21, 2014
$131,000
Public Record
Sold
Mar 28, 2011
$100,000
Public Record
Sold
Nov 8, 2006
$214,000
Public Record


















