New Construction 5-Unit Apartment
For Sale
$3,495,000
6700 Balboa Blvd, Van Nuys, CA 91406
Tri-level residences feature en-suite bedrooms, balconies, and private garage parking.
Property SizeContact for details
Days on Market35
Property Features for 6700 Balboa Blvd
General Information
Standard status
Active
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
5.67%
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$41,499
Listing Agency:
Myunits.com Inc.
(213) 302-8662
Listed By:
Lauren Cearley · License #02064825
(213) 302-8662
Source:
Exprealty
Added: Jul 29
Changed: Aug 25
Last Checked: Aug 30 at 10:00PM
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 Myunits.com Inc.
Investment Insights
Based on property information with market context.
Completed in 2025, this 5-unit apartment property contains tri-level townhome-style residences ranging from 1,524 to 1,721 SF. Each residence includes 4 bedrooms with en-suite baths, open kitchens with oversized islands, stainless steel appliances, high ceilings, generous closets, and balconies. Private garage parking is accessed from a rear alley, while drought-tolerant landscaping and abundant natural light add to the property’s physical appeal. The 9,874-square-foot property is separately metered for all utilities and is identified with LAR1.5 zoning.
The property is fully leased and non-rent-controlled, with a reported 5.67% cap rate. It is located near the 80-acre Lake Balboa Park, a golf course, Ventura Blvd, Kaiser Permanente, and CSUN. Access to the 101 and 405 freeways connects the property with broader employment and service areas.
The property is fully leased and non-rent-controlled, with a reported 5.67% cap rate. It is located near the 80-acre Lake Balboa Park, a golf course, Ventura Blvd, Kaiser Permanente, and CSUN. Access to the 101 and 405 freeways connects the property with broader employment and service areas.
Key Highlights
- Five 2025‑built apartment residences, each configured across three levels
- Unit sizes range from 1,524 to 1,721 SF; each includes 4 bedrooms with en‑suite baths
- Fully leased, non‑rent‑controlled property with a reported 5.67% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,437
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Tri-level residences feature en-suite bedrooms, balconies, and private garage parking.
Where is this apartment building located?
The property is located at 6700 Balboa Blvd Van Nuys, CA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Five 2025‑built apartment residences, each configured across three levels; Unit sizes range from 1,524 to 1,721 SF; each includes 4 bedrooms with en‑suite baths; Fully leased, non‑rent‑controlled property with a reported 5.67% cap rate
