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Ronnie Leon

ronnieleon@kw.com +1(813) 802-7777

$ 1,799,000

Est. payment | -/mo

10 Beds

12 Baths

5,721 SqFt

Save

$ 1,799,000

Est. payment | -/mo

Save

10 Beds

12 Baths

5,721 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,721 sqft

Price per Sqft $314

MLS Listing ID 26865459

Bedrooms 10

Year Built 1990

Lot Size 6,122 Sqft

Acres 0.1406

Property Sub-Type Multi-Family

Property Description

Built in 1990, this gated four-unit multifamily property features an attractive townhouse-style unit mix consisting of two 2-bedroom, 2.5-bath units and two 3-bedroom, 2.5-bath units, averaging approximately 1,430 square feet each. Every unit offers a spacious open floor plan with a fireplace, large kitchen, private balcony, washer/dryer hookups, and a large attached two-car garage. Two units have also been updated with waterproof laminate flooring throughout the downstairs living areas and bathrooms. From an investor's perspective, the property offers strong in-place cash flow with significant upside potential. The asset is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), allowing ownership to capture full market rent increases. Current operations generate approximately $74,779 in annual NOI, with projected stabilized NOI of approximately $106,927 at market rents. With its desirable large-unit mix, family-oriented amenities, and limited near-term capital expenditure requirements, this property presents an excellent investment opportunity.

Location

State CA

County Los Angeles

Area Lake Balboa

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Flooring Laminate

Equipment Other

Laundry Garage

Exterior

Parking Features Assigned, Garage Is Attached, Driveway - Concrete, On street

Garage Spaces 8.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Matthews Real Estate Investment Services

6440 Balboa Blvd Lake Balboa, CA 91406

Ronnie Leon

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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6440 Balboa Blvd