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6700 Balboa Blvd
Van Nuys, CA 91406
RARE, LAKE BALBOA 2026 5-UNIT | 5.67% CAP · Multifamily Property For Sale
·
5 Units
Investment Highlights
- NO RENT CONTROL!
- Located .4 miles from the scenic 80-acre Lake Balboa Park, with its serene lake, cherry blossom trees, bike paths, and expansive green space— DRAW FOR
- MASSIVE units with premium floorplans.
- With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity
- Outstanding stabilized cap rate of 5.67%! Cash cow.
Executive Summary
The 5+ Unit Specialists are pleased to present 6700 Balboa Blvd, 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-RENT CONTROLLED! 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 (1,524–1,721 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 submarket.
steps from Balboa Park, near the golf course, and completely NON-RENT CONTROLLED! 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 (1,524–1,721 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 submarket.
Property Facts
| Price Per Unit | $964,879 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.67% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 13.94 | Building Size | 15,781 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.98/1,000 SF |
| Zoning | LAR1.5 | ||
| Price Per Unit | $964,879 CAD |
| Sale Type | Investment |
| Cap Rate | 5.67% |
| Gross Rent Multiplier | 13.94 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 15,781 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | LAR1.5 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Handrails
- Instant Hot Water
- Loft Layout
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Gated
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 1 | $5,798 CAD | 1,698 |
| 4+4.5 | 1 | $5,660 CAD | 1,524 - 1,721 |
| 4+4.5 | 1 | $5,798 CAD | 1,698 |
| 4+4 | 1 | $5,798 CAD | 1,698 |
| 4+4.5 | 1 | $5,798 CAD | 1,721 |
Property Taxes
| Parcel Number | 2231-022-031 | Improvements Assessment | $1,539,004 CAD |
| Land Assessment | $1,531,509 CAD | Total Assessment | $3,070,513 CAD |
Property Taxes
Parcel Number
2231-022-031
Land Assessment
$1,531,509 CAD
Improvements Assessment
$1,539,004 CAD
Total Assessment
$3,070,513 CAD
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