6121 Woodman Ave

Van Nuys, CA 91401

$9,950,000
Price
32
Beds
61
Baths
38,766 Sq. Ft.
$257 / Sq. Ft.
38,766
Sq. Ft.
$257
per Sq. Ft.
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Description

6121 Woodman Ave presents a unique opportunity to acquire a 45-unit apartment building in the heart of Van Nuys, Los Angeles one of the most active rental markets in the San Fernando Valley. Built in 1970 and situated on a 35,910 SF lot, the property spans 38,766 SF and features a balanced mix of studios, one-bedroom, and two-bedroom apartments that appeal to both professionals and families. In-place rents offer approximately 37% rental upside, providing strong value-add potential through renovations...6121 Woodman Ave presents a unique opportunity to acquire a 45-unit apartment building in the heart of Van Nuys, Los Angeles one of the most active rental markets in the San Fernando Valley. Built in 1970 and situated on a 35,910 SF lot, the property spans 38,766 SF and features a balanced mix of studios, one-bedroom, and two-bedroom apartments that appeal to both professionals and families. In-place rents offer approximately 37% rental upside, providing strong value-add potential through renovations and improved management. Residents enjoy on-site parking, a swimming pool, and laundry facilities that contribute to high tenant satisfaction and long-term retention. The property operates efficiently with fee simple ownership and separately metered gas and electricity utilities. Ideally located near Sherman Oaks, Valley Glen, and Lake Balboa, tenants benefit from close access to the 405, 101, and 170 freeways, as well as major employment centers and shopping corridors. With proven rent growth, stable occupancy, and strong market fundamentals, 6121 Woodman Ave represents a rare multifamily investment opportunity in Van Nuys that combines stability, upside potential, and a prime central location.

Property Details for 6121 Woodman Avenue

Zoning
LAR3
Parcel Number
2239020016
Total Units
45.0
Living Area
38766
Source Living Area
Vendor Enhanced
Area
Valley Glen (VG)
Vacancy Rate
1
Lot Size Area
35921
LISTING UPDATED: 11/11/2025 12:06 AM

Property Details for 6121 Woodman Avenue

StatusActive
MLS #25614355
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.82 AC / 35,921 SF
CountyLos Angeles County

Location

Listing Courtesy of Tony Azzi, Tony Azzi, DRE #00910513
Add your commute

Building Information for 6121 Woodman Avenue

Stories3Residences-Year Built1970Building Size-Lot Size0.82 AC / 35,921 SF

Payment Calculator

$53,470 per month

30 year fixed, 6.28% Interest

Principal and Interest

$49,167

Property Taxes

$4,303

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6121 Woodman Avenue

Community / Development
Community / Development
  • Number Of Units: 45
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $872,283
  • Net Operating Income: $481,457.00
  • Gross Income: $894,430
  • Cap Rate: 4.84%
  • Gross Rent Multiplier: $11.12
  • Actual Annual Gross Rent: $894,430.00
  • Vacancy Allow Dollar: $26,833.00
  • Total Annual Expense: 390826
Land / Lot Info
Land / Lot Info
  • Alternate Street Name: Woodman Apartments
  • Lot Acreage: 0.8246
  • Lot Size Square Feet: 35921
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Attached, Private, Uncovered
  • Total Parking: 0
  • Parking Features: Covered, Private, Uncovered
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-03-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,604.00
  • Unit Actual Rent: $25,673.00
  • Unit Projected Rent: $31,200.00
  • Like Units: 16
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,748.00
  • Unit Actual Rent: $26,224.00
  • Unit Projected Rent: $32,900.00
  • Like Units: 15
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 13
  • Unit Furnished: No
  • Unit Rent: $1,433.00
  • Unit Actual Rent: $18,638.00
  • Unit Projected Rent: $22,035.00
  • Like Units: 13
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,674,658.00
  • Assessed Improvement Percent: 71.72
  • Assessed Land Value: $1,054,785.00
  • Assessed Land Percent: 28.28
  • Assessed Total Value: $3,729,443.00

Property History for 6121 Woodman Avenue

DateEvent & SourcePriceAppreciation
Nov 3, 2025

Listed (Active)

CLAW #25614355

$9,950,000—
Nov 3, 2025

Listed (Active)

CRMLS #25614355

$9,950,000—
DateEvent & SourcePrice
11/03/2025

Listed (Active)

CLAW #25614355

$9,950,000
11/03/2025

Listed (Active)

CRMLS #25614355

$9,950,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6121 Woodman Avenue

Taxable ValueLand$1,075,880Additions$2,743,151Total$3,819,031
Tax Record2025$51,636 ($4,303 / month)
Home Facts
Total Finished SqFt38,766 SqFtAbove Grade Finished SqFt38,766 SqFtLot Size35,910 SqFtStyleMulti-Family Res (5+ Units)Year Built1970ZoningLAR3CountyLOS ANGELESAPN2239-020-016

Schools near 6121 Woodman Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Erwin Elementary School
Public - K to 5
Louis D. Armstrong Middle School
Charter - 6 to 8
Ulysses S. Grant Senior High School
Public - 9 to 12
Jack London Community Day School
Public - 7 to 12
Rating
School
Distance
Erwin Elementary School
PublicK to 5

Louis D. Armstrong Middle School
Charter6 to 8

Ulysses S. Grant Senior High School
Public9 to 12

Jack London Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 6121 Woodman Avenue, Van Nuys, CA 91401

6121 Woodman Avenue is a multi-family home for sale in Van Nuys, CA 91401. This property was listed for sale on November 3, 2025 by Tony Azzi, it's currently listed at $9,950,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Erwin Elementary School, Louis D. Armstrong Middle School and Ulysses S. Grant Senior High School. 6121 Woodman Avenue is a 32-bed, 61-bath, 38,766 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tony Azzi, Tony Azzi, DRE #00910513

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.