6461 Woodley Avenue Active Save Request In-Person Tour Request Virtual Tour
Van Nuys (los Angeles),CA 91406
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,701 sqft
Price per Sqft $492
MLS Listing ID CL24457843
Year Built 2024
Lot Size 7,017 Sqft
Property Description
**Master Leased at $28,000 for 3 years with two 1 year extensions** 7% CAP RATE! 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
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Cooling Central Air
Laundry Dryer,Washer
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View Mountain(s)
Building
Water Other
New Construction No