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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$3,795,000

Est. payment - /mo

21 Beds

16 Baths

7,701 SqFt

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OPEN HOUSE

Wed Nov 27, 12:00pm - 1:00pm

UPDATED:

11/26/2024 05:41 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,701 sqft

Price per Sqft $492

MLS Listing ID 24457843

Bedrooms 21

HOA Y/N No

Year Built 2024

Lot Size 7,017 Sqft

Property Description

Presenting 6461 Woodley Ave, a newly constructed multifamily property completed in 2024 in Lake Balboa, CA. This exceptional asset includes five residential units plus an attached ADU, making 6 units, all vacant and ready for immediate leasing. Projected to generate approximately $23,650 in monthly rental income, this property offers an estimated annual gross revenue of $283,800 and a solid 5.6% cap rate, making it an ideal opportunity for 1031 exchange buyers seeking a high-quality, income-generating asset with strong returns.Located just minutes from the 405 and 101 freeways and close to Lake Balboa Park's trails, lakes, and green spaces, this property provides a unique blend of urban accessibility and recreational amenities, enhancing its tenant appeal. Each unit features open-concept layouts, premium laminate flooring, modern white kitchens with stainless steel appliances, and in-unit washers and dryers, ensuring a comfortable and contemporary living experience. Additional features include 10 parking spaces accessible from the rear alley, an added benefit for both tenants and investors in this high-demand area. With its turnkey status, minimal maintenance requirements, and strong rental potential, 6461 Woodley Ave offers an exceptional investment in the growing Van Nuys market.

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Dryer, Washer

Exterior

Garage Assigned, Carport

Community Features Gated

View Y/N Yes

View Mountain(s)

Total Parking Spaces 10

Building

Story 3

Entry Level Multi/Split

Sewer Other

Architectural Style Modern

Level or Stories Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 2233026017

Security Features Fire Sprinkler System,Gated Community

Special Listing Condition Standard

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Listed by Michael Fitzgerald • Power Brokers

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

6461 Woodley AVE Van Nuys, CA 91406

Jessica Panzica

Jessica Panzica

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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