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7045 Woodley Avenue 110, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 2 bath

7045 Woodley Avenue 110, Van Nuys, California 91406 home-pic-0
ACTIVE$415,000
7045 Woodley Avenue 110, Van Nuys, California 91406
2Beds
2Baths
813Sqft
37,687Lot
Year Built
1989
Close
-
List price
$415K
Original List price
$415K
Price/Sqft
$510
HOA
$488.98
Days on market
-
Sold On
-
MLS number
25578499
Home ConditionGood
Features
Good View: Pool
Pool
ViewPool

About this home

We found 3 Cons,5 Pros. Rank: price - $415.0K(25th), sqft - 813(13th), beds - 2(50th), baths - 2(50th).

Seller has paid all mandatory special assessments!! Currently leased, The tenants already gave notice that they will move out on March 1st, so the lease will expire on that date. This property is being sold as an investment, making it an excellent opportunity for buyers seeking immediate rental income(Monthly $2,400). Very affordable and upgraded condo featuring a living room, dining area, kitchen, and primary bedroom with a walk-in closet. Includes in-unit washer and dryer and central HVAC system. Comes with two parking spaces. Community amenities include a gym, pool, and sauna. Currently occupied by good tenants paying $2,400/month great for investment. The building is scheduled for renovations, adding value for the new owner. Excellent location close to Lake Balboa, shopping centers, and restaurants.

Nearby schools

3/10
Bassett Street Elementary School
Public,•PK-5•0.5mi
4/10
Bassett Street Elementary School
Public,•K-5•0.5mi
3/10
William Mulholland Middle School
Public,•6-8•1.3mi
5/10
William Mulholland Middle School
Public,•6-8•1.3mi

Price History

Date
Event
Price
09/14/25
Price Change
$415,000-0.0%
09/03/25
Price Change
$415,088+0.0%
08/14/25
Listing
$415,000
Condition Rating
Good
The condo, built in 1989, has undergone significant modern upgrades, particularly evident in the kitchen. It features contemporary white flat-panel cabinets, light quartz countertops, a stylish hexagonal tile backsplash, and modern stainless steel appliances (refrigerator, dishwasher, gas cooktop, range hood). The flooring throughout the unit is a consistent, well-maintained dark wood laminate/LVP, contributing to a cohesive and updated aesthetic. While no bathroom images are provided, the overall impression from the living areas and kitchen suggests a move-in ready condition. The property benefits from central HVAC and in-unit laundry, adding to its modern functionality. The interior updates appear to have been done within the last 5-15 years, making it a well-maintained and functional home.
Pros & Cons

Pros

Strong Investment Potential: The property offers immediate rental income of $2,400/month with existing tenants, making it an attractive opportunity for investors seeking cash flow from day one.
Financial Stability & Future Value: All mandatory special assessments have been paid by the seller, and the building is scheduled for renovations, promising future value appreciation without immediate financial burden for the buyer.
Modern & Convenient Unit Features: The condo is upgraded and includes desirable features such as an in-unit washer/dryer, central HVAC system, and a primary bedroom with a walk-in closet, enhancing living comfort and appeal.
Comprehensive Community Amenities: Residents have access to a gym, pool, and sauna, adding significant lifestyle value and appeal to the property.
Prime Location & Accessibility: The property boasts an excellent location close to Lake Balboa, various shopping centers, and restaurants, offering convenience and desirability.

Cons

High Monthly Association Fee: The $488.98 monthly association fee is substantial and can significantly impact overall affordability and the net return on investment.
Compact Living Space: With 813 sqft for a 2-bedroom, 2-bathroom unit, the living space may be considered compact for some buyers or families, potentially limiting its appeal to a broader market.
Potential Tenant Transition Period: While tenants have given notice to vacate by March 1st, there is a potential for a brief vacancy period or the need for the new owner to actively secure new tenants immediately to ensure continuous rental income.

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