7450 Woodley Avenue, Van Nuys, California 91406, Van Nuys, 91406 - bed, bath
ACTIVE$889,000
7450 Woodley Avenue, Van Nuys, California 91406
0Bed
0Bath
1,604Sqft
6,003Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: As a duplex with two separate 2-bedroom, 1-bathroom units, this property offers immediate and diversified rental income streams, appealing to investors.
Top Cons:
Property Age: Built in 1948, while some systems are new, the overall structure and other components may still be original, potentially leading to unforeseen maintenance or upgrade costs.
Compared to the nearby listings
Price:$889.0K vs avg $889.0K (+$0)50%
Size:1,604 sqft vs avg 1,626 sqft33%
Price/sqft:$554 vs avg $55450%
More Insights
Built in 1948 (77 years old).
Condition: Despite being built in 1948, the property has undergone significant recent renovations, including a newer roof, plumbing, sewer line, and updated kitchens in both units. The living areas and bedrooms feature new-looking laminate flooring and fresh paint, making the property move-in ready. While the bathroom shown appears functional but dated with older tiles and fixtures, the extensive upgrades to major systems and the kitchen elevate the overall condition. The property is well-maintained with minimal wear and tear on the recently updated components, aligning with a 'Good' condition score.
Year Built
1948
Close
-
List price
$889K
Original List price
$920K
Price/Sqft
$554
HOA
-
Days on market
-
Sold On
-
MLS number
SR25085193
Home ConditionGood
Features
Patio
View-
About this home
Don't miss the incredible opportunity to own a unique duplex! With a significant price reduction for a quick sale. This property features two separate units, each with private entrances and yards. Both units offer 2 bedrooms and 1 bathroom, ensuring comfort and convenience with separate laundry rooms in each unit. Additionally, the property features a newer roof, plumbing, sewer line, kitchen, and separate utilities. This duplex is located close to amenities like parks, shopping, and public transport. This is a fantastic investment. Act now before it is gone!
Condition Rating
Good
Despite being built in 1948, the property has undergone significant recent renovations, including a newer roof, plumbing, sewer line, and updated kitchens in both units. The living areas and bedrooms feature new-looking laminate flooring and fresh paint, making the property move-in ready. While the bathroom shown appears functional but dated with older tiles and fixtures, the extensive upgrades to major systems and the kitchen elevate the overall condition. The property is well-maintained with minimal wear and tear on the recently updated components, aligning with a 'Good' condition score.
Pros & Cons
Pros
Multi-Unit Income Potential: As a duplex with two separate 2-bedroom, 1-bathroom units, this property offers immediate and diversified rental income streams, appealing to investors.
Extensive Recent Upgrades: Significant capital improvements including a newer roof, plumbing, sewer line, and kitchens in both units reduce immediate maintenance concerns and enhance property value.
Tenant Privacy & Convenience: Each unit benefits from private entrances, private yards, and separate laundry rooms, highly desirable features that attract and retain quality tenants.
Independent Utility Management: Separate utilities for each unit simplify landlord responsibilities and ensure tenants are accountable for their own consumption, streamlining property management.
Strategic Location & Accessibility: The property's proximity to parks, shopping, and public transport enhances its appeal to renters, contributing to consistent occupancy and potential for rental growth.
Cons
Property Age: Built in 1948, while some systems are new, the overall structure and other components may still be original, potentially leading to unforeseen maintenance or upgrade costs.
Lack of Central HVAC Mention: The description does not specify the presence of central air conditioning, which could be a significant drawback for tenants and property value in the warm Van Nuys climate.
Implied Urgency for Sale: The 'significant price reduction for a quick sale' suggests a motivated seller, which could imply underlying reasons for urgency or a need to move the property rapidly.