6461 Woodley Avenue

Van Nuys, CA 91406

$3,795,000
Price
21
Beds
16
Baths
7,701 Sq. Ft.
$493 / Sq. Ft.
7,701
Sq. Ft.
$493
per Sq. Ft.

Description

Presenting 6461 Woodley Ave, a newly constructed multifamily property completed in 2024 in Lake Balboa, CA. This exceptional asset includes five residential units plus an attached ADU, making 6 units, all vacant and ready for immediate leasing. Projected to generate approximately $23,650 in monthly rental income, this property offers an estimated annual gross revenue of $283,800 and a solid 5.6% cap rate, making it an ideal opportunity for 1031 exchange buyers seeking a high-quality, income-generating...Presenting 6461 Woodley Ave, a newly constructed multifamily property completed in 2024 in Lake Balboa, CA. This exceptional asset includes five residential units plus an attached ADU, making 6 units, all vacant and ready for immediate leasing. Projected to generate approximately $23,650 in monthly rental income, this property offers an estimated annual gross revenue of $283,800 and a solid 5.6% cap rate, making it an ideal opportunity for 1031 exchange buyers seeking a high-quality, income-generating asset with strong returns. Located just minutes from the 405 and 101 freeways and close to Lake Balboa Park's trails, lakes, and green spaces, this property provides a unique blend of urban accessibility and recreational amenities, enhancing its tenant appeal. Each unit features open-concept layouts, premium laminate flooring, modern white kitchens with stainless steel appliances, and in-unit washers and dryers, ensuring a comfortable and contemporary living experience. Additional features include 10 parking spaces accessible from the rear alley, an added benefit for both tenants and investors in this high-demand area. With its turnkey status, minimal maintenance requirements, and strong rental potential, 6461 Woodley Ave offers an exceptional investment in the growing Van Nuys market.
  1. Listed by Michael Fitzgerald • DRE #02016898 • Brokerage DRE #01268376 • Power Brokers

Property Details for 6461 Woodley Avenue

Water Front
None
Zoning
LARD1.5
Style
Modern
Parcel Number
2233026017
Total Units
6.0
Living Area
7701
Source Living Area
Plans
Area
Lake Balboa (LKBL)
LISTING UPDATED: 11/27/2024 12:02 AM

Property Details for 6461 Woodley Avenue

StatusActive
MLS #24-457843
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.16 AC / 7,017 SF
CountyLos Angeles County

Building Information for 6461 Woodley Avenue

Stories3Residences-Year Built2024Building Size-Lot Size0.16 AC / 7,017 SF

Property Information for 6461 Woodley Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 3
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Mountains
  • View: Mountain(s)
  • Security Features: Gated, Fire Sprinklers
  • Property Condition: New Construction
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: Owner Has R.E. License
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $283,800
  • Net Operating Income: $212,850.00
  • Gross Income: $283,800
  • Cap Rate: 5.60%
  • Gross Rent Multiplier: $13.37
  • Total Annual Expense: 70950
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1611
  • Lot Size Square Feet: 7017
  • Lot Size Dimensions: 52x135
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport
  • Total Parking: 10
  • Parking Features: Assigned, Carport
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Garbage Disposal, Washer, Dryer, Refrigerator, Range/Oven, Recirculated Exhaust Fan, Solar Panels, Microwave
  • Common Walls: Attached
  • Cooking Appliances: Gas/Electric Range
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-19-2024
  • Tenant Pays: Gas, Electricity, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $8,400.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $8,600.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $244,800.00
  • Assessed Improvement Percent: 23.08
  • Assessed Land Value: $816,000.00
  • Assessed Land Percent: 76.92
  • Assessed Total Value: $1,060,800.00

Property History for 6461 Woodley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6461 Woodley Avenue

Taxable ValueLand$832,320Additions$249,696Total$1,082,016
Tax Record2024$13,368 ($1,114 / month)
Home Facts
Beds3Total Finished SqFt1,195 SqFtAbove Grade Finished SqFt1,195 SqFtStories1Lot Size7,015 SqFtStyleSingle Family ResidenceYear Built1953ZoningLARD1.5CountyLOS ANGELESAPN2233-026-017

Schools near 6461 Woodley 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
Bassett 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.

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6461 Woodley Avenue is a multi-family home for sale in Van Nuys, CA 91406. This property was listed for sale on November 19, 2024 by Power Brokers, it's currently listed at $3,795,000. It has been on the market for a total of 32 days and was last sold on November 10, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Bassett Street Elementary School, William Mulholland Middle School and Birmingham Community Charter High School. 6461 Woodley Avenue is a 21-bed, 16-bath, 7,701 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.