6461 Woodley AVE Active Save Request In-Person Tour Request Virtual Tour
Van Nuys,CA 91406
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
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
Exterior
Parking Features Assigned,Carport
Community Features Gated
View Y/N Yes
View Mountain(s)
Building
Story 3
Sewer Other
New Construction Yes
Others
Special Listing Condition Standard