- $1,495,000
- $1,575,000
Description
Exceptional income-producing quadruplex in the heart of Lake Balboa! This beautifully maintained 2-story, 4-unit investment property offers a total of 4, 018 sq ft of living space on a generous 6, 120 sq ft lot. Each unit features 2 bedrooms and 2 bathrooms — a rare and highly desirable configuration for multi-family. The front unit has been recently remodeled with a stunning modern kitchen featuring sleek dark flat-panel cabinetry, quartz countertops, designer glass tile backsplash, and all stainless steel appliances including gas range, microwave, and dishwasher. Bathrooms showcase elegant marble-look porcelain tile, glass-enclosed showers, and contemporary dark vanities with quartz tops. The remaining three units are also updated with granite counters, newer appliances, and refreshed bathrooms. Property highlights include central A/C and forced air heating in every unit, dual-pane windows throughout, durable concrete tile roof, and modern tile flooring. Ample parking with an 8-car attached covered carport accessed via a gated rear alley — tenants never need to use the busy street. The fully fenced and private front yard provides a quiet, secure feel despite the convenient location. Zoned LARD1.5 with strong rental income potential. Ideally situated near shopping, dining, parks, and major freeways for easy commuting. A turnkey investment opportunity with proven cash flow in one of the San Fernando Valley’s most sought-after rental markets. Incredible opportunity for an owner-user or investor! This beautifully maintained 4-unit property is perfect for a buyer looking to live in one of the spacious 2-bed/2-bath units while renting out the other three to generate income and offset monthly mortgage payments.
Details
Features
Additional details
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Listing Terms: Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Fannie Mae
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Sewer: Public Sewer
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Cooling: Central Air
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County: Los Angeles
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Property Type: Residential
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Pool: None
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Community Features: Biking, Curbs, Park
Address
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Address: 6550 Balboa
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City: Van Nuys
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State/county: CA
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Zip/Postal Code: 91406
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Country: US
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