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6440 Balboa Blvd - 6440 Balboa Blvd 4 Unit Apartment Building Offered at $1,799,000 at a 4.16% Cap Rate Van Nuys, CA 91406
Investment Highlights
- 4 large townhome units averaging ±1,430 SF with 2BR/2.5BA and 3BR/2.5BA layouts.
- Not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO).
- In-place NOI of $74,779.78 with immediate income on current operations.
- All 4 units include 2-car garages supporting leasing for larger floor plans.
- Each unit has washer dryer hookups and private balconies.
- NOI increases from $74,779.78 currently to $106,927.78 at market rents.
Executive Summary
Broker Of Record
David Harrington
Matthews Real Estate Investment Services, Inc
01320460, 02168060 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550
David Harrington
Matthews Real Estate Investment Services, Inc
01320460, 02168060 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550
Property Facts
| Price | $1,799,000 | Property Type | Multifamily |
| Price Per Unit | $449,750 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 5,721 SF |
| Cap Rate | 4.16% | No. Stories | 3 |
| Gross Rent Multiplier | 15.33 | Year Built | 1990 |
| No. Units | 4 | ||
| Zoning | RD1.5 | ||
| Price | $1,799,000 |
| Price Per Unit | $449,750 |
| Sale Type | Investment |
| Cap Rate | 4.16% |
| Gross Rent Multiplier | 15.33 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.14 AC |
| Building Size | 5,721 SF |
| No. Stories | 3 |
| Year Built | 1990 |
| Zoning | RD1.5 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 2231-023-004 | Improvements Assessment | $414,975 |
| Land Assessment | $292,014 | Total Assessment | $706,989 |
Property Taxes
Parcel Number
2231-023-004
Land Assessment
$292,014
Improvements Assessment
$414,975
Total Assessment
$706,989
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6440 Balboa Blvd - 6440 Balboa Blvd
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