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6461 Woodley Ave
Van Nuys, CA 91406
Multifamily Property For Sale
·
6 Units
Investment Highlights
- 36 Month Master Lease in place = rental stability + little to no expenses.
- MASSIVE units with premium floorplans.
- Dream 1031 exchange opportunity. Ready to close now!
- Outstanding projected cap rate of 7.52%! Cash cow
- Ideal unit mix of four 4-bedroom units , one 3-bedroom , and one 2-bedroom unit. High income producing property!
- Boasts high-end, modern finishes.
Executive Summary
6461 Woodley Ave is a brand new, fully leased, NON RENT CONTROLLED 2025 six unit luxury community located in the heart of Lake Balboa. Now operating under a 36 month master lease with a professional operator, this turnkey asset delivers a true 7.52% cap rate with reliable income and basically ZERO expenses. Set on a rapidly developing street with standout curb appeal, the property features site MASSIVE units, four oversized 4 bedroom, 3 bathroom tri level townhomes, one equally impressive 3 bedroom, 3 bathroom unit, and one highly rentable 2 bedroom, 1 bathroom unit. All homes offer private entrances, highly functional layouts, and are separately metered for utilities. Luxury details include designer tile work, custom cabinetry, stainless steel appliances, oversized kitchens, high ceilings, balconies, large closets, and expansive windows that fill the homes with natural light. Drought tolerant landscaping, ample parking, and modern finishes further elevate tenant appeal. Why it stands out: The boutique charm of Lake Balboa combined with central location of Van Nuys create a rental environment with consistent absorption. With a long-term master lease secured by a vetted operator catering to a recession resistant medical housing niche, this investment offers immediate cash flow, hands off management, and a rare opportunity to own a trophy asset in one of the strongest rental corridors in Los Angeles.
Property Facts
| Price Per Unit | $632,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.52% | Building Size | 8,570 SF |
| Gross Rent Multiplier | 11.29 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR1.5 - restricted Density Multiple Dwelling | ||
| Price Per Unit | $632,500 |
| Sale Type | Investment |
| Cap Rate | 7.52% |
| Gross Rent Multiplier | 11.29 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 8,570 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | LAR1.5 - restricted Density Multiple Dwelling |
Amenities
Site Amenities
- Laundry Facilities
- Tenant Controlled HVAC
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Property Taxes
| Parcel Number | 2233-026-017 | Improvements Assessment | $1,998,078 |
| Land Assessment | $1,125,729 | Total Assessment | $3,123,807 |
Property Taxes
Parcel Number
2233-026-017
Land Assessment
$1,125,729
Improvements Assessment
$1,998,078
Total Assessment
$3,123,807
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