New Listing
6512 Balboa Boulevard,Van Nuys, CA 91406
Van Nuys, CA 91406
Description
Outstanding investment opportunity in a convenient Van Nuys location! Situated on a prominent corner lot, this four-unit residential income property offers approximately 4,726 square feet of building area on a 6,235-square-foot parcel, presenting an appealing opportunity for investors seeking a multifamily acquisition with long-term income potential. Originally constructed in 1952 and substantially expanded in the early 1990s, the two-story property features four generously sized residential units, previously configured as three 3-bedroom, 2-bathroom units and one 2-bedroom, 2-bathroom unit. The exterior features stucco construction, established landscaping, mature trees, colorful flowering bougainvillea, gated pedestrian access, individual exterior entries, and concrete walkways connecting the residences. Rear alley access leads to a substantial off-street parking area with covered parking, an especially desirable convenience for a multifamily property. Previous listing information indicates separate gas and electric meters serving the four units and a common water meter. The property's substantial unit sizes, established residential configuration, and potential for future improvements and income growth make it an appealing opportunity for investors looking to expand or establish a rental portfolio, subject to existing tenancies and applicable regulations. Conveniently located near Lake Balboa, the Sepulveda Basin Recreation Area, Woodley Lakes Golf Course, shopping, dining, public transportation, and the 101 and 405 freeways. An opportunity to acquire a four-unit property in the heart of the San Fernando Valley. Buyer to independently verify all information, including square footage, unit configurations, permits, parking, rents, expenses, and property condition.
Details
| MLS # | SR26221802 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 5 |
| Listing Provided By | Equity Union | Stephanie Vitacco |
Features
| SQ Feet | 4,726 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.14 |
| Property View | None |
Interior
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Exterior Features | Lighting |
|---|---|
| Lot Features | Corner Lot, Front Yard |
| Fencing | Wrought Iron |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Park, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91406 |
| Area | VN Van Nuys |
| Listing VS Median (in 91406) | |
Price: $1,275,000 low | high Med: $765,000 sqft: 4,726 low | high Med: 1,954 $ / sqft: $270 low | high Med: $392 On site: 5 low | high Med: 62.5 | |
Market Activity 91406
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91406 |
| Area | VN Van Nuys |
| Listing VS Median (in 91406) | |
Price: $1,275,000 low | high Med: $765,000 sqft: 4,726 low | high Med: 1,954 $ / sqft: $270 low | high Med: $392 On site: 5 low | high Med: 62.5 | |