6700 Balboa Blvd, Lake Balboa
Very Rare, 5-Unit, New Const. In Prime Lake Balboa | 5.83% Cap
6700 Balboa Blvd is a brand-new, luxury 5-unit townhome community in Lake Balboa, just steps from Balboa Park. Fully non-rent-controlled, the property offers oversized tri-level units with 4 en-suite bedrooms, designer finishes, private garages, and minimal expenses. With a projected 5.83% cap rate, strong tenant demand, and a 1-year builder’s warranty, this turnkey investment is a rare opportunity in a low-inventory, high-demand Valley submarket.
The Important
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# Units:
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$3,595,000
5-Unit
For Sale
5
2025
5.83%
13.31
$270,000/Year (Pro Forma)
8,175 sqft
6,123 sqft
$364.09
$719,000
3 x 4b/4.5b, 2x 4b/4b
No
8 Parking Spots
No
Other Features:
No Rent Control, Private Washers/Dryers for Each Unit, Separatley Metered
The Highlights
NO RENT CONTROL!
Located .4 miles from the scenic 80-acre Lake Balboa Park, with its serene lake, cherry blossom trees, bike paths, and expansive green space— DRAW FOR A+ TENANTS!
Outstanding projected cap rate of 5.83%! Cash cow.
MASSIVE units with premium floorplans.
The best curb appeal you'll find on this rapidly gentrifying street!
Boasts high-end, modern finishes.
High icome producing unit mix of ALL 4 bedroom units!
Tons of balconies with awe-inspiring views of the city.
All units separately metered for electric AND water (no gas on property)! Very low expenses!
Dream 1031 exchange opportunity. Ready to close!
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
Moments from Lake Balboa's top destinations! Surrounded by countless local favorites including House Roots Coffee, Humble Bee Café, Lido Pizza, Salsa & Beer, and The Drunken Crab, plus quick access to the Encino dining corridor.
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:
