6506 Balboa Blvd
Van Nuys, CA 91406
39% Upside - 4.75% CAP- Home + 5 Unit Apt · Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 2,902 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1952/1985 |
| Building Class | C | ||
| Zoning | LARD 1.5 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,902 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1952/1985 |
| Zoning | LARD 1.5 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
About 6506 BALBOA BLVD , VAN NUYS, CA 91406
The Frydman Group of Keller Williams Commercial, as the exclusive listing firm, is proud to present a 6 unit apartment building for sale. The subject property is located 6506 Balboa Blvd in between Vanowen Street and Victory Blvd Boulevard in the city of Van Nuys. This investment opportunity is a six unit apartment complex located within a strong rental pocket of Van Nuys. These well maintained and operated rent controlled buildings were built in 1952 (Front House) and 1985 (Back 5 Unit Apartment). The plumbing consists of copper & galvanized pluming. The building consists of one front house thats a three-bedroom/one bath & half baths, and five units in the back that are single/one bath units. A savvy investor with the right vision of turning the units can realize this apartments tremendous upside potential of over 39% in rents. The subject property is within walking distance to local eateries and shopping centers as well as within minutes of the 405 and 101 freeways.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,275 | - |
| Studios | 5 | $1,014 | - |
Property Taxes
| Parcel Number | 2231-023-012 | Improvements Assessment | $719,561 |
| Land Assessment | $382,990 | Total Assessment | $1,102,551 |
Property Taxes
