6461 Woodley Avenue

Van Nuys, CA 91406

$3,795,000

List Price

21

bed Beds

16

shower Baths

7,701 sqft

straighten / sqft

2024

calendar_month Built

Open Houses

Next available: Wednesday, November 27th, 2024 12:00 pm - 1:00 pm

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Property Description

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.

Listing Information

List Price $3,795,000
Status Active
MLS 24457843
Type Residential Income
Year Built 2024
Lot Size 7,017
Structure Size 7,701
DOM 7
Courtesy Of Power Brokers
Listing Agent Michael Fitzgerald DRE#02016898

Interior Features

Total Bedroom
Bedrooms 21
Total Bathroom
Bathrooms 16
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Michael Fitzgerald, Power Brokers 310-793-6136. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 26th, 2024 at 5:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.