6512 Balboa BLVD, Van Nuys, CA 91406
6512 Balboa BLVD, Van Nuys, CA 91406
6512 Balboa BLVD, Van Nuys, CA 91406
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$1,275,000
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6,233 Sqft Lot
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6512 Balboa BLVD Van Nuys, CA 91406

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.Danielle Espinoza-Rizzio

.Danielle Espinoza-Rizzio

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26221802

HOA Y/N No

Year Built 1952

Lot Size 6,233 Sqft

Property Sub-Type Quadruplex

Property Description

Outstanding investment opportunity in a convenient Van Nuys location! Situated on a prominent corner lot, this four-unit residential income property offers approximately 4,726 square feet of building area on a 6,235-square-foot parcel, presenting an appealing opportunity for investors seeking a multifamily acquisition with long-term income potential. Originally constructed in 1952 and substantially expanded in the early 1990s, the two-story property features four generously sized residential units, previously configured as three 3-bedroom, 2-bathroom units and one 2-bedroom, 2-bathroom unit. The exterior features stucco construction, established landscaping, mature trees, colorful flowering bougainvillea, gated pedestrian access, individual exterior entries, and concrete walkways connecting the residences. Rear alley access leads to a substantial off-street parking area with covered parking, an especially desirable convenience for a multifamily property. Previous listing information indicates separate gas and electric meters serving the four units and a common water meter. The property's substantial unit sizes, established residential configuration, and potential for future improvements and income growth make it an appealing opportunity for investors looking to expand or establish a rental portfolio, subject to existing tenancies and applicable regulations. Conveniently located near Lake Balboa, the Sepulveda Basin Recreation Area, Woodley Lakes Golf Course, shopping, dining, public transportation, and the 101 and 405 freeways. An opportunity to acquire a four-unit property in the heart of the San Fernando Valley. Buyer to independently verify all information, including square footage, unit configurations, permits, parking, rents, expenses, and property condition.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Interior

Cooling Central Air

Fireplace No

Laundry Inside

Exterior

Exterior Feature Lighting

Carport Spaces 3

Fence Wrought Iron

Pool None

Community Features Park, Sidewalks

View Y/N No

View None

Total Parking Spaces 8

Private Pool No

Building

Lot Description Corner Lot, Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2231023055

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Real Estate Owned

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Stephanie Vitacco Equity Union 818-989-2000, DRE #00985615

NEARBY SCHOOL & BUSINESS

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.Danielle Espinoza-Rizzio

.Danielle Espinoza-Rizzio

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