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$ 1,799,000
Est. payment /mo
New
6440 Balboa BLVD Los Angeles, CA 91406
10 Beds
12 Baths
5,721 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,721 sqft
Price per Sqft $314
MLS Listing ID 26865459
Bedrooms 10
HOA Y/N No
Year Built 1990
Lot Size 6,120 Sqft
Lot Dimensions Assessor
Property Description
Built in 1990, this gated four-unit multifamily property features an attractive townhouse-style unit mix consisting of two 2-bedroom, 2.5-bath units and two 3-bedroom, 2.5-bath units, averaging approximately 1,430 square feet each. Every unit offers a spacious open floor plan with a fireplace, large kitchen, private balcony, washer/dryer hookups, and a large attached two-car garage. Two units have also been updated with waterproof laminate flooring throughout the downstairs living areas and bathrooms. From an investor's perspective, the property offers strong in-place cash flow with significant upside potential. The asset is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), allowing ownership to capture full market rent increases. Current operations generate approximately $74,779 in annual NOI, with projected stabilized NOI of approximately $106,927 at market rents. With its desirable large-unit mix, family-oriented amenities, and limited near-term capital expenditure requirements, this property presents an excellent investment opportunity.
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Fireplace No
Laundry In Garage
Exterior
Parking Features Assigned, Concrete, On Street
Total Parking Spaces 8
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2231023004
Special Listing Condition Standard
Listed by Daniel Withers Matthews Real Estate Investment Services #01325901
NEARBY SCHOOLS & PROPERTIES
Lisa Bethel
Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953