The property provides investors with both stability and meaningful value-add potential in one of the San Fernando Valley's most in-demand rental markets. The property is comprised entirely of two-bedroom units and features on-site laundry facilities that provide a supplemental revenue stream. With approximately 39% upside in rental income achievable through annual income increases and tenant turnover, the asset presents a compelling opportunity for investors seeking long-term growth. The building totals 3,640 square feet and sits on a 6,394 square foot corner lot, providing excellent visibility along a primary street in the San Fernando Valley. Ownership has diligently maintained the property, including a brand-new roof completed in 2024 and recent upgrades such as resurfaced asphalt in the parking area. As the property does not appear on the Los Angeles Department of Building & Safety's Seismic Retrofit list (Buyer to verify), a new owner is saved from a significant maintenance expense. Positioned in Lake Balboa, the most attractive neighborhood in Van Nuys, tenants benefit from its proximity to the Van Nuys Airport and major employment hubs across the San Fernando Valley. The neighborhood continues to attract renters seeking affordability paired with convenience, making 7303 Woodley Avenue a well-located property with both immediate and future investment appeal.
Listed by Roderick 'Rick' Raymundo
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License #01357019
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Marcus & Millichap
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213-943-1855
Last updated October 23, 2025
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Source: CRMLS #25606487
Listing Facts
TypeMulti-family
NeighborhoodLake Balboa
Bedrooms10
Days on Prevu8
Size3,640 sqft
Price per sqft$288
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/23/2025
Status changed to Active
$1,050,000
10/23/2025
Status changed to Removed from Feed
$1,050,000
10/15/2025
Listed by Marcus & Millichap
$1,050,000
Property Details for 7303 Woodley Avenue
Exterior
Construction
Number Of Units Total: 5
Stories: 2
Stories Total: 2
Year Built: 1954
Measurements
Building Area Total: 3,640
Lot Size Acres: 0.14
Lot Size Area: 6,394
Lot Size Dimensions: 54,120
Lot Size Square Feet: 6,394
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.0
Gross Income: $85,704.00
Taxes
Parcel Number: 2205026001
Interior
Measurements
Living Area: 3,640
Rooms
Bathrooms Total Integer: 5
Bedrooms Total: 10
Parking
Parking
Parking Features: Assigned
Parking Total: 5
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.