4-Unit Apartment
New
For Sale
$1,275,000
6512 Balboa Boulevard, Van Nuys, CA 91406
Van Nuys, CA
Property Size4,726 SF
Lot Size0.14 Acres
Price / SF$269.78
Days on Market7
Property Features for 6512 Balboa Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bathroom 3, Bathroom 2, Laundry Room, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 5
Parking
8
Lot features
Corner Lot, Front Yard
Directions
On Balboa Blvd, between Victory Blvd and Vanowen St.
Subdivision
VN - Van Nuys
Special listing conditions
Real Estate Owned
Standard status
Active
APN
2231023055
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1952
Floors in Building
2
Number of units
4
Listing Agency:
Equity Union · Keller Williams Realty
(818) 989-2000
Listed By:
Stephanie Vitacco · License #00985615
(818) 298-6458
Added: Oct 9
Changed: Oct 14
Last Checked: Oct 15 at 12:06AM
MLS# SR26221802
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story residential property contains four units and approximately 4,726 square feet of building area on a 6,235-square-foot parcel. Built in 1952 and expanded in the early 1990s, it has stucco exterior construction, separate exterior entrances, gated pedestrian access, and concrete walkways. The units were previously configured as three 3-bedroom, 2-bathroom residences and one 2-bedroom, 2-bathroom residence. Central air conditioning is listed for the property.
A rear alley connects to an off-street parking area with covered parking. The property is near Lake Balboa, Sepulveda Basin Recreation Area, Woodley Lakes Golf Course, shopping, dining, and public transportation, with access to the 101 and 405 freeways.
A rear alley connects to an off-street parking area with covered parking. The property is near Lake Balboa, Sepulveda Basin Recreation Area, Woodley Lakes Golf Course, shopping, dining, and public transportation, with access to the 101 and 405 freeways.
Key Highlights
- Four residential units in a two‑story building
- Approximately 4,726 square feet of building area on a 6,235‑square‑foot parcel
- Previously configured as three 3‑bedroom, 2‑bathroom units and one 2‑bedroom, 2‑bathroom unit
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Rear alley access serves a covered off-street parking area for residents.
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 residential units in a two‑story building; Approximately 4,726 square feet of building area on a 6,235‑square‑foot parcel; Previously configured as three 3‑bedroom, 2‑bathroom units and one 2‑bedroom, 2‑bathroom unit
