Stacey Alysson Melman

6537 Woodley AV Van Nuys CA 91406 MLS #26701781

6537 Woodley AV
Van Nuys, CA, 91406
$3,500,000
23 Beds
18 Baths
13,354 SqFt
0.64 Acres
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MLS #26701781 image #0
JNM Realty proudly presents, on an exclusive basis, 6537-6543 Woodley Ave, a seventeen (17) unit apartment community in Van Nuys that has been well maintained and strategically improved. Two (2) of the units are single family dwellings and the remainder are in two (2) separate buildings. The property offers a stable operational foundation with two (2) vacant units, allowing a buyer to immediately set market rents, select tenants, and implement renovation-driven upside. Recent capital improvements include a newly permitted roof replacement totaling approximately $100,000.The asset is offered at a 10.31x GRM and 5.49% current cap rate, representing the lowest GRM among comparable sales within a one-mile radius since January 2018.This positions the property as one of the most attractive price-to-income opportunities in the submarket. This investment is best suited for a buyer seeking a low-management, stabilized asset with clear, incremental upside and a long-term hold strategy. JNM Realty currently manages the property and is available to provide continuity for the incoming ownership. This opportunity is available alongside 14157 Calvert St, Van Nuys, CA as a portfolio or separately.
AGENT: Demis Dokhanian
LISTING BROKERAGE: JNM Realty, INC.
6537 Woodley AV
Van Nuys, CA

Property Details

Price:
$3,500,000
MLS #:
26701781
Status:
Active
Beds:
23
Baths:
18
Type:
Single Family
Neighborhood:
lkbllakebalboa
Listed Date:
Apr 10, 2026
Finished Sq Ft:
13,354
Total Sq Ft:
13,354
Lot Size:
28,010 sqft / 0.64 acres (approx)
Year Built:
1959
Lkbl – Lake BalboaLkbllakebalboa
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Financial

Gross Operating Income
$339,622
Net Operating Income
$191,976

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