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About the Listing X82195 - C142622
We are pleased to present 6501 Woodley Avenue, a rare 1993 construction value add 5-unit Investment Opportunity in Lake Balboa, CA. The property is comprised of 5,354 square feet of rentable area with an excellent unit mix of (4) 2 Bed, 2.5 Bath Townhouse units and (1) 2 Bed, 1 Bath Front House. Each unit is equipped with washers and dryers, hardwood floors, spacious layouts, and central heat and air. The townhouse units feature large private balconies and the house features a large private front yard. Built in 1993, the property is not subject to the Los Angeles Rent Stabilization Ordinance, allowing for an investor to increase rents by 5% + CPI annually (8% in 2026), per AB1482.The current rents are strong, averaging $2,189, but have excellent remaining upside of approximately 20%.Situated in the highly desirable Lake Balboa rental submarket, the property benefits from its walking distance to Sepulveda Basin Recreation Area, a 2,000 acre zone featuring several parks, golf courses, indoor & outdoor sports complexes, and community gardens. Located just west of the 405 freeway and just north of the 101 freeway, Lake Balboa is one of the most central neighborhoods in Los Angeles, surrounded by high profile and trendy neighborhoods such as Encino, Sherman Oaks, Tarzana, North Hollywood, Northridge and Studio City.
Listing Highlights
Status
Active
Days on Site
24
Property Type
Multi-Family
MLS ®
26711685
Year Built
1993
Total Square Footage
5,354
Lot/Acreage
0.16
County
Los Angeles
Interior Details
- Bedrooms: 10
- Bathrooms: 12 Full
- Appliances:
- Air Cond: Central
- Heating: Central
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: 10 car
- Parking Spaces: 10
- Lot Dimensions: 52x135
- Zoning: LARD1.5
- Roof:
- Others:
- Sewer:
- Parking Features: Gated,Garage,Covered Parking
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
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Questions About..
6501 Woodley Ave Van Nuys, CA 91406
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