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

7045 Woodley Avenue 218, Van Nuys, California 91406 home-pic-0
ACTIVE$325,000
7045 Woodley Avenue 218, Van Nuys, California 91406
1Bed
1Bath
608Sqft
37,675Lot
Year Built
1989
Close
-
List price
$325K
Original List price
$340K
Price/Sqft
$535
HOA
$429
Days on market
-
Sold On
-
MLS number
SR25164398
Home ConditionGood
Features
Good View: Neighborhood, Valley
Deck
Pool
ViewNeighborhood, Valley

About this home

We found 3 Cons,5 Pros. Rank: price - $325.0K(13th), sqft - 608(13th), beds - 1(13th), baths - 1(13th).

*FIRST TIME HOMEBUYERS* 7045 Woodley Ave #218 in Lake Balboa 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). HOA is $859 per month, this is why owner has reduced price. 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, 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, all with low HOA fees! 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!

Nearby schools

3/10
Bassett Street Elementary School
Public,PK-50.5mi
4/10
Bassett Street Elementary School
Public,K-50.5mi
3/10
William Mulholland Middle School
Public,6-81.3mi
5/10
William Mulholland Middle School
Public,6-81.3mi

Price History

Date
Event
Price
10/05/25
Price Change
$325,000-1.2%
09/18/25
Price Change
$329,000
07/22/25
Listing
$339,500
Condition Rating
Good

The property, built in 1989, has undergone significant recent updates, including brand-new laminate wood flooring, fresh paint, and crown molding throughout. The kitchen features updated white cabinetry and granite countertops, though the appliances are white and not 'sleek stainless steel' as described. The bathroom has a new vanity, modern fixtures, and appears clean, despite the shower surround being a standard insert rather than contemporary tilework. Overall, the property is move-in ready with modern aesthetics and functional systems, aligning with the 'Good' score criteria for a property extensively renovated within the last 5-15 years, even if not every component is top-tier new.
Pros & Cons

Pros

Buyer's Assistance Program: The property qualifies for an exclusive buyer's assistance program offering $15,000 for closing costs, rate buy-down, or down payment, making it highly attractive for eligible first-time homebuyers.
Extensively Updated Interior: The condo features 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 with contemporary finishes.
Comprehensive Community Amenities: Residents benefit from a quiet, gated complex offering fantastic amenities including a pool, sauna, and gym, enhancing lifestyle and value.
Modern Comforts and Convenience: The unit includes central A/C and heating for year-round comfort, a cozy gas fireplace, stackable in-unit laundry hook-ups, and a private balcony for relaxation.
Prime Location and Accessibility: Situated in a prime location near Lake Balboa, with easy access to shopping, dining, and major freeways, offering convenience for daily living and commuting.

Cons

High HOA Fees: The HOA fee is significantly high at $859 per month, which the listing explicitly states is a reason for the reduced price, potentially impacting affordability and long-term costs.
Limited Square Footage: With only 608 square feet, the living space is relatively compact for a 1-bedroom unit, which might be a consideration for buyers seeking more room.
Tandem Parking: While two assigned parking spaces are provided, they are tandem, which can be inconvenient for households with multiple drivers or frequent vehicle use.

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