5623 Woodman Ave — Sale in Van Nuys, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Van Nuys, CA 91401
Photos
Investment Figures
- Cap rate
- 5.46%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus and Millichap is pleased to present a triplex located at 5623 Woodman Ave in Van Nuys, California. The subject property is located in a great Van Nuys location, just north of Burbank Blvd and west of Fulton Ave. Located in Van Nuys adjacent to Sherman Oaks, this triplex features a front house and rear duplex, presenting an excellent owner-user and value-add opportunity. One unit will be delivered vacant in partially stripped condition, allowing for comprehensive renovation and repositioning, while approximately 25% rental upside enhances income potential. The property includes three garage parking spaces with potential for ADU conversion, subject to buyer verification. A charming, shared courtyard and mature landscaping provide privacy, shade, and outdoor leisure space. The property also qualifies for 30 year fixed residential financing and offers convenient access to major commercial corridors, the 101, 405, and 170 freeways, Metro Orange Line, recreation, dining, shopping, and everyday amenities throughout Van Nuys and Sherman Oaks. With a flexible triplex layout, vacant value-add unit, strong rental upside, ADU potential, and a great central Van Nuys location, the property presents a compelling opportunity for both owner-users and investors. Investment Highlights: • One Unit Delivered Vacant and in Partially Gutted Condition • Three On-Site Garage Spaces • Solid Rental Upside (+25%) • Excellent Owner-User Opportunity • Charming Shared Courtyard Offering Residents a Private Space for Outdoor Leisure • Triplex - Main House in Front and Duplex in Rear • Qualifies for 30-Year Fixed Residential Financing • Sherman Oaks Adjacent Location
Market Context
This multifamily in Van Nuys, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Van Nuys, CA — view the full market.
Contact
- Jason Tuvia · (818) 212-2735 · jason.tuvia@marcusmillichap.com
- Eial Sauer · (818) 212-2816 · eial.sauer@marcusmillichap.com
- Nick Mejerski · (818) 212-2728 · nmejerski@marcusmillichap.com
- Sharone Sabar · (818) 212-2714 · sharone.sabar@marcusmillichap.com
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