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6461 Woodley Ave
For Sale $3,795,000 ($492.79 per Sq Ft)
$3,795,000 ($492.79 per Sq Ft)
- 6 Units
- 7,701 Sq Ft
- 7,017 Sq Ft
- Unknown Cap Rate
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, 6461 Woodley Ave offers an exceptional investment in the growing Van Nuys market.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,795,000 |
| Property Type | Multi-Family |
| Usable Sqft | 7,701 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 2024 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2233026017 |
| MLS # | 24457843 |
| Property ID | 321068622 |
| Lot Sqft | 7,017 |
| Zoning | LARD1.5 |
| Total Units | 6 |
| Days on Market | 117 |
| Original List Price | $3,795,000 |
| Date Updated | February 27, 2025 |
| Date Created | November 19, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 21 | 16.00 | $28,000 | $28,000 |
| Gross Income (Yr) | $ 336,000 |
| Operating Expenses | $ 70,950 |
| Net Income (Yr) | $ 265,050 |
| Cap Rate | 7.00% |
Listing Provided By
Michael Fitzgerald an agent of On Track Property. Lic #02016898
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