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Tracy Thrower Conyers

team@homesforsalebeachcities.com +1(424) 229-1634

$1,650,000

Est. payment - /mo

10 Beds

12 Baths

5,354 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,354 sqft

Price per Sqft $308

MLS Listing ID 26711685

Bedrooms 10

HOA Y/N No

Year Built 1993

Lot Size 7,017 Sqft

Property Description

We are pleased to present 6501 Woodley Avenue, a rare 1993 construction value add 5-unit Investment Opportunity in Lake Balboa, CA. The property is comprised of 5,354 square feet of rentable area with an excellent unit mix of (4) 2 Bed, 2.5 Bath Townhouse units and (1) 2 Bed, 1 Bath Front House. Each unit is equipped with washers and dryers, hardwood floors, spacious layouts, and central heat and air. The townhouse units feature large private balconies and the house features a large private front yard. Built in 1993, the property is not subject to the Los Angeles Rent Stabilization Ordinance, allowing for an investor to increase rents by 5% + CPI annually (8% in 2026), per AB1482.The current rents are strong, averaging $2,189, but have excellent remaining upside of approximately 20%.Situated in the highly desirable Lake Balboa rental submarket, the property benefits from its walking distance to Sepulveda Basin Recreation Area, a 2,000 acre zone featuring several parks, golf courses, indoor & outdoor sports complexes, and community gardens. Located just west of the 405 freeway and just north of the 101 freeway, Lake Balboa is one of the most central neighborhoods in Los Angeles, surrounded by high profile and trendy neighborhoods such as Encino, Sherman Oaks, Tarzana, North Hollywood, Northridge and Studio City.

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplace No

Appliance Disposal, Dryer, Washer

Exterior

Parking Features Covered, Garage, Gated

Garage Spaces 10.0

Garage Description 10.0

Total Parking Spaces 10

Building

Faces East

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2233027018

Special Listing Condition Standard

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Listed by Brandon Evans Lyon Stahl Investment Real Estate, Inc. #02058494

NEARBY SCHOOL & BUSINESS

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Tracy Thrower Conyers

+1(424) 229-1634

Broker Associate, JD | License ID: 01712960

Broker Associate, JD License ID: 01712960

6501 Woodley AVE Van Nuys, CA 91406

Tracy Thrower Conyers

Key Details

Location

Interior

Exterior

Building

Others