6461 Woodley Ave, Lake Balboa
CASH COW, NEW CONST. 6-UNIT | 36/Mo MASTER LEASE IN PLACE | 7.52% CAP
he 5+ Unit Specialists are pleased to present 6461 Woodley Ave, a fully leased, NON-RENT CONTROLLED six-unit community in Lake Balboa. Priced at $3,795,000, the property generates $336,000 in annual income and delivers a 7.52% cap rate. A 36-month master lease with a professional medical-housing operator provides reliable cash flow and minimal management. The 8,570-square-foot property features four oversized 4-bedroom townhomes, one 3-bedroom unit and one 2-bedroom unit, plus modern finishes, in-unit laundry, central HVAC, 10 parking spaces and separately metered utilities.
The Important
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$3,795,000
6-Unit
Pre-Market
6
2025
7.52%
11.29
$289,200/Year
8,570 sqft
7,014 sqft
$442.82
$632,500
4x4b/3b, 1x3b/3b, 1x2b/1b
No
10 Parking Spaces
nO
Other Features:
36/Mo Master Lease, No Rent Control
The Highlights
NO RENT CONTROL!
36 Month Master Lease in place = rental stability + little to no exspenses.
Outstanding projected cap rate of 7.52%! Cash cow.
MASSIVE units with premium floorplans.
The best curb appeal you'll find on this rapidly gentrifying street!
Boasts high-end, modern finishes.
Ideal unit mix of four 4-bedroom units , one 3-bedroom , and one 2-bedroom unit. High income producing property!
All units separately metered for utilities! Very low expenses!
Dream 1031 exchange opportunity. Ready to close now!
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
The Neighborhood
<15-Minute Walk
BLTea, Millie's Restaurant & Bakery, Mika's Tennis Academy, Koko's Middle Eastern, WaBa Grill, Taqueria Juanitos, Balboa Orange Line Station, Black Heart Coffee Co., Q Market and Produce
<15-Minute Drive
Lake Balboa Park, House Roots Coffee, Humble Bee Café, Lido Pizza, Salsa & Beer, The Drunken Crab, CSUN, Kaiser Permanente, Valley Presbyterian Hospital, In-N-Out, Costco, Target
<$15 Uber Ride
Jons Marketplace, The Japanese Garden, Chipotle Mexican Grill, Dunkin’ Donuts, YMCA, Salsa & Beer, Humble Bee Café, Lake Balboa Park, Trader Joe’s, Balboa Orange Line Station
Property Presented By:
