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Key Details
Sold Price $1,670,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,870 sqft
Price per Sqft $431
MLS Listing ID OC23087554
Sold Date 05/09/24
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1961
Lot Size 6,250 Sqft
Acres 0.1435
Property Description
Great investment opportunity in Woodland Hills With a total of 5 units on a 6,251 sq. ft. lot and approximately 3,870 Sq. of living space, this property offers a diverse range of unit sizes to attract different tenants. The recent renovations, including new doors and windows for all units, add value and improve the overall appeal of the property. The complex includes a 2-bedroom, 2-bathroom unit, a 2-bedroom, 1-bathroom unit, and three 1-bedroom, 1-bathroom units. Four of the units have undergone extensive renovation with features such as laminated wood floors, quartz countertops, new cabinets, and stainless-steel appliances in the kitchens, as well as updated bathrooms. All units have individual Electric and Gas meters. In-wall AC and heaters provide individual climate control for each unit. The common Coin-laundry room generates supplemental income as well as convenience for the tenants. There is also a Fully permitted security gate and Newer permitted common water heater. Each unit has one assigned carport and storage unit. The property's location in Woodland Hills is a strong selling point. It is situated south of Ventura Blvd., a popular commercial and entertainment hub in the area. Proximity to schools, parks, public transit, freeways, and various shopping options like Trader Joe's, Whole Foods, and The Village at Westfield and Warner Center, makes it appealing to potential tenants. A truly great investment in a great location.
Location
State CA
County Los Angeles
Area Whll - Woodland Hills
Zoning LAR2
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Open Floorplan, Recessed Lighting
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Oven, Freezer, Gas Cooktop, Disposal, Microwave, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Lighting
Garage Assigned, Covered, Detached Carport, One Space
Carport Spaces 5
Fence Brick
Pool None
Community Features Street Lights
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Amenities Available Water
View Y/N Yes
View Neighborhood
Accessibility Accessible Doors
Parking Type Assigned, Covered, Detached Carport, One Space
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 2167002034
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 1000.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Susan Featherly • Better Homes and Gardens Real Estate Town Center
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