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6440 Balboa Blvd
Van Nuys, CA 91406 Lake Balboa

$1,799,000 USD

Multifamily For Sale  •  5,721 SF

Property Details

• Property Type Multifamily
• Total Building Size 5,721 SF
• Lot Size 0.14 AC
• Year Built 1990
• Cap Rate 4.16 %
• Zoning RD1.5

50 Transit Score

60 Walk Score

Highlights

4 large townhome units averaging ±1,430 SF with 2BR/2.5BA and 3BR/2.5BA layouts.

All 4 units include 2-car garages supporting leasing for larger floor plans.

Not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO).

Each unit has washer dryer hookups and private balconies.

In-place NOI of $74,779.78 with immediate income on current operations.

NOI increases from $74,779.78 currently to $106,927.78 at market rents.

Cap Rate:

4.16 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Van Nuys (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak)	9 min	-	4.8 mi
Van Nuys Metrolink Station (Metrolink Ventura County Line - Metrolink Trains)	9 min	-	5.2 mi
Airport	Drive	Walk	Distance
Bob Hope	16 min	-	9.3 mi
Los Angeles International	29 min	-	21.2 mi