6440 Balboa BLVD, Lake Balboa, CA 91406
6440 Balboa BLVD, Lake Balboa, CA 91406
6440 Balboa BLVD, Lake Balboa, CA 91406
6440 Balboa BLVD, Lake Balboa, CA 91406
6440 Balboa BLVD, Lake Balboa, CA 91406
6440 Balboa BLVD, Lake Balboa, CA 91406
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+1(562) 800-0228
$ 1,799,000
Est. payment | /mo

10 Beds

12 Baths

5,721 SqFt

Save
$ 1,799,000
Est. payment | /mo
Save

10 Beds

12 Baths

5,721 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,721 sqft

Price per Sqft $314

MLS Listing ID 26865459

Bedrooms 10

HOA Y/N No

Year Built 1990

Lot Size 6,120 Sqft

Lot Dimensions Assessor

Property Description

Built in 1990, this gated four-unit multifamily property features an attractive townhouse-style unit mix consisting of two 2-bedroom, 2.5-bath units and two 3-bedroom, 2.5-bath units, averaging approximately 1,430 square feet each. Every unit offers a spacious open floor plan with a fireplace, large kitchen, private balcony, washer/dryer hookups, and a large attached two-car garage. Two units have also been updated with waterproof laminate flooring throughout the downstairs living areas and bathrooms. From an investor's perspective, the property offers strong in-place cash flow with significant upside potential. The asset is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), allowing ownership to capture full market rent increases. Current operations generate approximately $74,779 in annual NOI, with projected stabilized NOI of approximately $106,927 at market rents. With its desirable large-unit mix, family-oriented amenities, and limited near-term capital expenditure requirements, this property presents an excellent investment opportunity.

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplace No

Laundry In Garage

Exterior

Parking Features Assigned, Concrete, On Street

Total Parking Spaces 8

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2231023004

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Daniel Withers Matthews Real Estate Investment Services #01325901

Nearby Locations

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 800-0228

sonia.amen@luxlivingestates.co

18838 Norwalk Blvd, Artesia, CA, 90701, USA

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6440 Balboa BLVD