4-Unit Corner
New
For Sale
$1,275,000
6512 Balboa Boulevard, Van Nuys, CA 91406
Two-story residences have individual exterior entrances and off-street parking accessed from the rear alley.
Property Size4,726 SF
Lot Size0.14 Acres
Price / SF$269.78
Days on Market4
Property Features for 6512 Balboa Boulevard
General Information
Standard status
Active
Size
4,726 SF
Lot size
0.14 Acres
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
4
Amenities
established landscaping
mature trees
colorful flowering bougainvillea
gated pedestrian access
individual exterior entries
concrete walkways
covered parking
Building Details
Building Size
4,726 SF
Year Built
1952
Stories
2
Construction
stucco
Listing Agency:
Equity Union
Listed By:
Stephanie Vitacco · License #00985615
(818) 298-6458
Source:
Truthrealty
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Union
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Investment Insights
Based on property information with market context.
This two-story quadplex contains approximately 4,726 square feet across four residential units on a 6,235-square-foot corner parcel. Built in 1952 and expanded in the early 1990s, the property has stucco exterior construction, landscaped grounds, gated pedestrian access, and concrete paths connecting the individual entrances. The units were previously configured as three 3-bedroom, 2-bathroom residences and one 2-bedroom, 2-bathroom residence.
A rear alley provides access to an off-street parking area with covered spaces. The property is near Lake Balboa, Sepulveda Basin Recreation Area, Woodley Lakes Golf Course, shopping, dining, and public transportation. The 101 and 405 freeways are also nearby.
A rear alley provides access to an off-street parking area with covered spaces. The property is near Lake Balboa, Sepulveda Basin Recreation Area, Woodley Lakes Golf Course, shopping, dining, and public transportation. The 101 and 405 freeways are also nearby.
Key Highlights
- Four‑unit residential property with approximately 4,726 square feet of building area
- 6,235‑square‑foot parcel on a corner
- Built in 1952 and expanded in the early 1990s
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,533
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,650,660
$1.7M
Cap Rate 7%
$1,179,043
$1.2M
Cap Rate 9%
$917,033
$917.0K
Market Conditions
NOI Build-Up for 4,726 SF
Gross rent
$127.6K $27.00/SF
− Vacancy
−$9.7K −$2.05/SF
EGI
$117.9K $24.95/SF
− OpEx
−$35.4K −$7.48/SF
NOI
$82.5K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,650,660
Cap Rate 7%
$1,179,043
Cap Rate 9%
$917,033
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,533 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$1.09M
$950.6K – $1.27M
NOI $76,045 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,120 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 91406, CA
53,252
Population
19,650
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
8.1 sq mi
ZIP Area
6,574
Density / Sq Mi
$76,653
Median Household Income
$41,469
Median Earnings
$1,859
Median Rent
$765,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story residences have individual exterior entrances and off-street parking accessed from the rear alley.
Where is this quadplex located?
The property is located at 6512 Balboa Boulevard Van Nuys, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Four‑unit residential property with approximately 4,726 square feet of building area; 6,235‑square‑foot parcel on a corner; Built in 1952 and expanded in the early 1990s
