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6440 Balboa Blvd 6440 Balboa Blvd 4 Unit Apartment Building $2,506,565 CAD ($626,641 CAD/Unit) 4.16% Cap Rate Van Nuys, CA 91406



Investment Highlights
- 4 large townhome units averaging ±1,430 SF with 2BR/2.5BA and 3BR/2.5BA layouts, all units include 2-car garages.
- Not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO).
- All units have separate water meters installed.
- Excellent location in Lake Balboa, Encino adjacent.
- Each unit has washer dryer hookups and private balconies.
- New central HVAC installed in 2019.
Executive Summary
Broker Of Record
David Harrington
Matthews Real Estate Investment Services, Inc
01320460, 02168060 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550
David Harrington
Matthews Real Estate Investment Services, Inc
01320460, 02168060 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550
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Property Facts
| Price | $2,506,565 CAD | Property Subtype | Apartment |
| Price Per Unit | $626,641 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.16% | Building Size | 5,721 SF |
| Gross Rent Multiplier | 15.33 | No. Stories | 3 |
| No. Units | 4 | Year Built | 1990 |
| Property Type | Multifamily | ||
| Zoning | RD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $2,506,565 CAD |
| Price Per Unit | $626,641 CAD |
| Sale Type | Investment |
| Cap Rate | 4.16% |
| Gross Rent Multiplier | 15.33 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,721 SF |
| No. Stories | 3 |
| Year Built | 1990 |
| Zoning | RD1.5 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 2 | - | 1,200 |
| 3+2.5 | 2 | - | 1,600 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 2231-023-004 | Improvements Assessment | $582,857 CAD |
| Land Assessment | $410,151 CAD | Total Assessment | $993,008 CAD |
Property Taxes
Parcel Number
2231-023-004
Land Assessment
$410,151 CAD
Improvements Assessment
$582,857 CAD
Total Assessment
$993,008 CAD
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