6401 Odessa Avenue

Lake Balboa, CA 91406

$4,249,000
Price
22
Beds
21
Baths
9,014 Sq. Ft.
$471 / Sq. Ft.
9,014
Sq. Ft.
$471
per Sq. Ft.

Description

Welcome to 6401 Odessa Ave., a brand-new 7-unit multifamily complex in the heart of Lake Balboa, offering modern luxury and outstanding convenience. With a projected yearly income of $320,400 and a strong projected 5.84% cap rate, this property is a top-tier investment opportunity. Nestled steps away from the Van Nuys Golf Course and with seamless access to major freeways, this property is ideally located to attract tenants seeking a combination of comfort and accessibility. Each unit features soaring...Welcome to 6401 Odessa Ave., a brand-new 7-unit multifamily complex in the heart of Lake Balboa, offering modern luxury and outstanding convenience. With a projected yearly income of $320,400 and a strong projected 5.84% cap rate, this property is a top-tier investment opportunity. Nestled steps away from the Van Nuys Golf Course and with seamless access to major freeways, this property is ideally located to attract tenants seeking a combination of comfort and accessibility. Each unit features soaring 9 and 10-foot ceilings, custom kitchens with state-of-the-art appliances, and massive windows that flood interiors with natural light. Select bathrooms offer spa-like rainfall showerheads and sprayers. While on the exterior, the grounds are furnished with low-maintenance landscaping which enhances the property's aesthetic appeal. A soon-to-be-installed massive gated entrance will ensure privacy and security, further complementing the property's high-end features. To bolster safety, the property is equipped with 10 security cameras, accessible via a mobile app for real-time monitoring and peace of mind. Nearby amenities include Lake Balboa Park, the Sepulveda Basin Recreation Area, and a range of dining options such as Salsa & Beer and The Drunken Crab. Shopping and entertainment hubs like The Sherman Oaks Galleria and Van Nuys Plaza are also just minutes away. The property provides ample on-site parking, with additional street parking in the quiet neighborhood surrounded by single-family homes. Combining luxury features, a prime location, and robust financial potential, 6401 Odessa Ave is an unparalleled opportunity in the thriving Van Nuys market. Schedule your tour today to see everything this exceptional property has to offer!
  1. Listed by Michael Fitzgerald • DRE #02016898 • Brokerage DRE #01268376 • Power Brokers

Property Details for 6401 Odessa Avenue

Zoning
LAR3
Parcel Number
2231005032
Total Units
7.0
Living Area
9014
Source Living Area
Plans
Area
Lake Balboa (LKBL)
Vacancy Rate
100%
Lot Size Area
7367
LISTING UPDATED: 12/18/2024 08:49 AM

Property Details for 6401 Odessa Avenue

StatusActive
MLS #24-464521
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.17 AC / 7,367 SF
CountyLos Angeles County

Building Information for 6401 Odessa Avenue

Stories3Residences-Year Built2024Building Size-Lot Size0.17 AC / 7,367 SF

Property Information for 6401 Odessa Avenue

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Plans
  • Number Of Stories: 3
  • Number Of Buildings: 3
  • Type Of Units: Townhomes
  • View: Yes
  • View Description: Golf Course, Hills, Mountains
  • View: Golf Course, Hills, Mountain(s)
  • Property Condition: New Construction
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Disclosures: Owner Has R.E. License, Owner Is Listing Agent, Flood Zone
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $320,400
  • Net Operating Income: $248,194.00
  • Gross Income: $320,400
  • Cap Rate: 5.84%
  • Gross Rent Multiplier: $13.19
  • Total Annual Expense: 72206
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1691
  • Lot Size Square Feet: 7367
  • Lot Size Dimensions: 55x134
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 10
  • Covered Parking: 6
  • Open Other Spaces Total: 4
  • Carport Spaces Total: 10
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split, One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Ice Maker, Microwave, Range/Oven, Refrigerator, Solar Panels, Vented Exhaust Fan, Washer
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: Yes
  • Foundation Details: Raised
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,600.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,600.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $8,800.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $8,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,900.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,100.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,100.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,300.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $121,020.00
  • Assessed Improvement Percent: 58.76
  • Assessed Land Value: $84,937.00
  • Assessed Land Percent: 41.24
  • Assessed Total Value: $205,957.00

Property History for 6401 Odessa Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 6401 Odessa Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gault Street Elementary School
PublicK to 5

William Mulholland Middle School
Public6 to 8

Birmingham Community Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

6401 Odessa Avenue is a multi-family home for sale in Lake Balboa, CA 91406. This property was listed for sale on November 26, 2024 by Power Brokers, it's currently listed at $4,249,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Gault Street Elementary School, William Mulholland Middle School and Birmingham Community Charter High School. 6401 Odessa Avenue is a 22-bed, 21-bath, 9,014 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Power Brokers, Michael Fitzgerald, DRE #02016898

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.