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Additional details
$ 3,495,000
Est. payment /mo
New
6700 Balboa Los Angeles, CA 91406
16 Beds
18 Baths
6,123 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26165783
Bedrooms 16
Lot Size 6,123 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
6700 Balboa Blvd is a massive, brand new construction 5-unit luxury townhome community in the heart of Lake Balboa. Just steps from Balboa Park, near the golf course, and completely NON-RENTCONTROLLED! Lake Balboa is experiencing extremely low inventory, especially for new construction, contributing to consistently strong tenant demand and low vacancy.This trophy asset offers striking curb appeal on a rapidly evolving street and is fully leased at a strong 5.67% cap rate with minimal expenses, making it an ideal turnkey addition to any portfolio. Each of the five oversized tri-level townhomes (1,5241,721 SF) features 4 bedrooms with en-suite baths, expansive living areas, and high-end designer finishes throughout. Interiors include open-concept kitchens with oversized islands, modern cabinetry, stainless steel appliances, high ceilings, large closets, and spacious balconies off both living areas and bedrooms. Additional features include drought-tolerant landscaping, abundant natural light, and private garage parking accessed via a rear alley (preferred by tenants). The property is separately metered for all utilities keeping utility expenses at zero. Located just minutes from the 80-acre Lake Balboa Park, the golf course, Ventura Blvd, and major job hubs like Kaiser Permanente and CSUN, this property is also surrounded by local hotspots like Salsa & Beer, House Roots Coffee, and The Drunken Crab. With quick access to the 101 and 405 freeways, this location offers unbeatable convenience. A rare, low-maintenance, cash-flowing asset in a supply-constrained, high-demand Valley
Location
State CA
County Los Angeles
Zoning Builder
Direction From the 101 Freeway, exit Balboa Boulevard and head north. Continue approximately 3 miles past Victory Boulevard. The property
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 2231022031
Virtual Tour https://www.myunits.com/buy/6700balboa
Listed by Lauren Cearley, DRE#02146823 Myunits.com Inc.
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