6401 Odessa Ave - Apartments FOR SALE


Lake Balboa, CA 91406
$4,249,000 USD
310-793-6136
6401 Odessa Ave, Lake Balboa, CA for Sale
$4,249,000 USD
Apartments - FOR SALE
1/78
null | 5.86% Cap Rate

6401 Odessa Ave
Lake Balboa, CA 91406


HIGHLIGHTS

  • 5.66% Cap Rate
  • Beautiful Golf Course and Mountain Views
  • Massive Windows, Sliding Doors, and Bedrooms

OVERVIEW

Welcome to 6401 Odessa Ave., a brand-new 7-unit multifamily complex in the heart of Lake Balboa, offering modern luxury and outstanding convenience. With a projected yearly income of $321,600 and a strong projected 5.86% cap rate, this property is a top-tier investment opportunity. CofO was issued 01/21 and 3 units were leased within 3 days! Nestled steps away from the Van Nuys Golf Course and with seamless access to major freeways, this property is ideally located to attract tenants seeking a combination of comfort and accessibility. Each unit features soaring 9 and 10-foot ceilings, custom kitchens with state-of-the-art appliances, and massive windows that flood interiors with natural light. Select bathrooms offer spa-like rainfall shower heads and sprayers. While on the exterior, the grounds are furnished with low-maintenance landscaping which enhances the property’s aesthetic appeal. A soon-to-be-installed massive gated entrance will ensure privacy and security, further complementing the property’s high-end features. To bolster safety, the property is equipped with 10 security cameras, accessible via a mobile app for real-time monitoring and peace of mind. Nearby amenities include Lake Balboa Park, the Sepulveda Basin Recreation Area, and a range of dining options such as Salsa & Beer and The Drunken Crab. Shopping and entertainment hubs like The Sherman Oaks Galleria and Van Nuys Plaza are also just minutes away. The property provides ample on-site parking, with additional street parking in the quiet neighborhood surrounded by single-family homes. Combining luxury features, a prime location, and robust financial potential, 6401 Odessa Ave is an unparalleled opportunity in the thriving Van Nuys market. Schedule your tour today to see everything this exceptional property has to offer!

FOR SALE DETAILS

PRICE

$4,249,000 USD

PRICE/SF

$471 USD /SF

# OF UNITS

7

PRICE/UNIT

$607,000

CAP RATE

5.86%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR3

APN/PARCEL ID

2231-005-032

ASK ABOUT THIS PROPERTY

Michael FitzgeraldPower Brokers International, Inc.More Info
310-793-6136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Michael FitzgeraldPower Brokers International, Inc.More Info
310-793-6136

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.