7303 Woodley Avenue

We are pleased to present 7303 Woodley Ave, a value add 5-unit multifamily property in the Lake Balboa neighborhood of Van Nuys, CA. This property hasn't been offered for sale in nearly 18 years. This is a great value add opportunity for an investor to capitalize on about 40% upside potential in rents in the future. Built in 1954, this RSO property sits on a corner lot of 0.15 acres and has 3,640 gross square feet. All five units are 725 square foot 2 bed / 1 bath units.It has been well maintained by the long-time owner with recent upgrades including repaved asphalt in the parking lot. Utilities are individually metered for gas and electricity, so the landlord is only responsible for water, sewer, and trash, plus a small amount for common area utilities. An on-site communal laundry room further contributes approximately $100 monthly in additional income.Located in the Lake Balboa neighborhood of Van Nuys, CA, near the Van Nuys Airport, the property benefits from its proximity to major freeways (405 and 101), enhancing its appeal to commuters. This strategic location, coupled with the property's existing attributes and untapped rental income potential, positions 7303 Woodley Ave as a strong investment opportunity in a strong rental pocket of Van Nuys.