Matthews Logo

Navigation Menu

6440 Balboa Blvd, Lake Balboa, CA, 91406

6440 Balboa Blvd

$1,799,000

Key Information

Cap Rate
4.16%
$ per SF
$314
Tot. SF
5,721
Lot Size
0.14 Acres
Units
4
Year Built
1990
Type
Apartments
NOI
$74,780

Highlights

• Excellent Location: Property is located in Lake Balboa, adjacent to Encino.
• Large Townhome Unit Mix : The property features 4 large units averaging ±1,430 SF, comprised of 2x 2BR/2.5BA and 2x 3BR/2.5BA layouts.
• Garage-Driven Tenant Appeal : All 4 units include 2-car garages, a practical amenity that supports leasing for the property’s larger floor plans.
• Unrestricted Rental Upside & Lower CapEx : The property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), allowing investors to capture full market rate increases with minimal near-term maintenance requirements.
• New Central HVAC: All HVAC installed in 2019.
• Unit Amenities : Each unit has washer dryer hookups and private balconies. Presently a single water bill, however there are separate water meters installed for each unit.

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245