6440 Balboa Blvd, Los Angeles, CA 91406
- $1,799,000
- 10
- BD
- 12
- BA
- 5,721
- SqFt
- List Price
- $1,799,000
- MLS#
- 26865459
- Year Built
- 1990
- Bedrooms
- 10
- Bathrooms
- 12
- Living Sq. Ft
- 5,721
- Lot Size
- 6,122
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- 3
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.
Additional Information
- Other Buildings
- None
- Heat
- Central
- Cooling
- Central
- Number of Cars in Garage
- Assigned, Garage Is Attached, Driveway - Concrete, On street
Mortgage Calculator
Courtesy of Matthews Real Estate Investment Services, Daniel Withers - CA DRE#01325901
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