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Available for sale for the first time in over 32 years, the property offers a new investor entry into the dense Van Nuys rental market at an attractive price of only $205 per square foot. By continuing unit upgrades, a new owner can unlock the approximately 39% in rent upside to add substantial value to the asset. Because the property is not featured on the Los Angeles Department of Building and Safety's seismic retrofit list (Buyer to verify), a new investor is saved from an otherwise costly maintenance expense. The building features a tankless water heater and a new pitched roof that was installed in 2025, helping to reduce both utility and maintenance costs in the future. The property also generates a supplemental revenue stream through tenants' use of the on-site laundry facilities. Located near the intersection of Woodman Avenue and Victory Boulevard, the two-story building allows residents proximity to the upcoming East San Fernando Valley Light Rail Transit Line, slated for development only 1.2 miles away. The property also offers tenants convenient access to the Greater Los Angeles Metro Area via the nearby 170, 101, 5, and 405 Freeways.
Property Type(s):
Residential Income
| Last Updated | 11/4/2026 | Year Built | 1948 |
|---|---|---|---|
| Community | VG - Valley Glen | County | Los Angeles |
Additional Details
| AREA | VG - Valley Glen |
|---|---|
| LOT | 8699 sq ft |
| LOT DIMENSIONS | 8700 |
| PARKING | Assigned |
| STORIES | 2 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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