9545 Woodman Avenue,  Arleta CA, 91331 (Residential Income)

1,029 sqft
Status: Sold
MLS#: RS15169561
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Last Updated: 12/8/2016 11:03 PM
Description for 9545 Woodman Avenue Arleta, CA 91331
Great end unit town home in the City of Arleta. Spacious 2BD, 2BA; 1,029 square feet. Attached 2 car garage. Non rent control property. Current rent is significantly under market. Proforma rent is in the range of $1,850 - $2,000 per month. This computes to a 10%+ cap rate for the savvy investor. Cash buyer preferred, although Seller will entertain strong non cash offers. This is a great opportunity to own an investment property in one of the most in demand rental markets in the San Fernando Valley. Why keep your Savings in a Bank CD earning barely 1% when this property can provide a cash to cash return of 10%+ annual yield. Needs TLC, dated but clean.
Price
Sold Price:
$215,900
Sold Date:09/30/2015
Los Angeles
1,029 (approx)
RS15169561
Closed
Description
Great end unit town home in the City of Arleta. Spacious 2BD, 2BA; 1,029 square feet. Attached 2 car garage. Non rent control property. Current rent is significantly under market. Proforma rent is in the range of $1,850 - $2,000 per month. This computes to a 10%+ cap rate for the savvy investor. Cash buyer preferred, although Seller will entertain strong non cash offers. This is a great opportunity to own an investment property in one of the most in demand rental markets in the San Fernando Valley. Why keep your Savings in a Bank CD earning barely 1% when this property can provide a cash to cash return of 10%+ annual yield. Needs TLC, dated but clean.
Listing Information
Property Type: Cluster, Other
1.16 Acres 50,478 sq.ft. 1,029 (approx)
$209.82 1978
Yes- 2 spaces Stucco
Slab Foundation
Public Water Service
Electric service available
6 Total
Neighborhood
Room Information
Living Room
1 Master Suite
Hookups in Closet
Shower Only
Interior Features
Dishwasher, Gas Range/Cooktop, Refrigerator
Carpet Wall to Wall, Ceramic Tile
Central Air, Ceiling Fan(s)
Full Copper Plumbing
Beamed
Exterior / Lot Features
2 Garage Spaces, 2 Parking Spaces, Garage
Stucco
Balcony
Pool
Community Pool
Block
Sidewalks, Street Lights, Security Lighting, Curbs Walk, Suburban, Storm drains
Community Features
Community Pool
Security
Financial Considerations
$309
2644026035
$22,200 Income ,$3,700Expense
Listing Price History

Arleta Real Estate

Arleta is located in California. Arleta, California 91331 has a population of 48,482.

The median household income in Arleta, California 91331 is $50,794. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Arleta 91331 is 30.3 years.

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Courtesy: Coldwell Banker Star Realty Arcie Pragale
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