6512 Balboa Boulevard, Van Nuys, California 91406, Van Nuys, 91406 - bed, bath
ACTIVE$2,100,000
6512 Balboa Boulevard, Van Nuys, California 91406
0Bed
0Bath
4,800Sqft
6,235Lot
Year Built
1952
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$438
HOA
-
Days on market
-
Sold On
-
MLS number
SR25157729
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.10M(67th), sqft - 4800(67th), beds - undefined(50th), baths - undefined(50th).
Well Maintained 4-Plex in desireable Van Nuys Area with tremendous upside. 3 units of 3 bed + 2 baths and 1 unit of 2 bed +2 baths. 2 units will be delivered vacant. Condominium conversion has been applied for. Close to all amenities.
Nearby schools
3/10
Gault Street Elementary School
Public,•K-5•0.7mi
3/10
Gault Street Elementary School
Public,•K-5•0.7mi
5/10
Lemay Street Elementary School
Public,•K-5•0.9mi
6/10
Lemay Street Elementary School
Public,•K-5•0.9mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.3mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.3mi
3/10
Bassett Street Elementary School
Public,•PK-5•1.5mi
4/10
Bassett Street Elementary School
Public,•K-5•1.5mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.5mi
7/10
Stagg Street Elementary School
Public,•K-5•1.7mi
6/10
Lorne Street Elementary School
Public,•K-5•2.1mi
4/10
Sylvan Park Elementary School
Public,•K-5•2.3mi
5/10
Cantara Street Elementary School
Public,•K-5•2.5mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.9mi
5/10
William Mulholland Middle School
Public,•6-8•0.2mi
3/10
William Mulholland Middle School
Public,•6-8•0.4mi
3/10
Northridge Middle School
Public,•6-8•2.8mi
2/10
Van Nuys Middle School
Public,•6-8•3.2mi
4/10
Reseda Senior High School
Public,•9-12•1.7mi
6/10
Van Nuys Senior High School
Public,•9-12•2.6mi
7/10
Northridge Academy High
Public,•9-12•4.1mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.9mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.9mi
Condition Rating
Fair
The property was built in 1952. While described as well-maintained, the images show an older building with some visible wear and tear. The kitchens and bathrooms are not clearly visible in the provided images, but based on the age of the property, they are likely outdated and require updates. Therefore, a 'fair' condition score is appropriate.
Pros & Cons
Pros
Income Potential: Four-unit property provides immediate rental income stream.
Upside Potential: Significant upside potential in rents due to market conditions.
Unit Mix: Desirable unit mix with (3) 3-bed/2-bath and (1) 2-bed/2-bath configurations.
Vacant Units: Two units delivered vacant, allowing for immediate rent increases or renovations.
Condo Conversion Potential: Condominium conversion application in progress, offering future exit strategy.
Cons
Age of Property: Built in 1952, the property may require ongoing maintenance and updates.
Market Conditions: Market condition may affect the rental income.
Unknown Condition: The description does not specify the condition of the property.