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6614 Balboa Blvd, Van Nuys, CA 91406
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6614 Balboa Blvd Van Nuys, CA 91406

$1,879,000
  • 8 Beds
  • 7 Baths
  • 3,919 Sq.Ft.
For Sale
$1,879,000 Get Pre-Qualified
Map preview of 6614 Balboa Blvd, Van Nuys, CA 91406

Property Overview: 6614 Balboa Blvd Van Nuys, CA has 8 bedrooms, 7 bathrooms, 3,919 living square feet and 6,120 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: REDUCED 120k. Great to own this Investment property and 3 units are new construction in 2017. Prime Lake Balboa location just North of Victory Blvd. Four plex with excellent mix units in one building. Front unit is the house built in1950 and in good condition. (3bed/2 bath) and back 3 units, 2 units are (2bed/2bath) and 1 unit is (1bed/1bath). All 3 units built in 2017. 3 units are occupied. Total living area is 3919 SF. All four units together have 8 beds and 7 baths. All units have washer Dryer hook ups. Front house has granite kitchen counter and a sink, stove and cabinets and laminated wood flooring. All other back 3 units built on 2017 have new granite counters, new stoves and new cabinets, new laminated wood flooring and Washer/ Dryer hookups. Each unit has 2 parking spaces (Tandem). Totals parking are 8 parking spaces. Parking entrance from ally and gated remote controlled. This Investment property is close to the Restaurants, Grocery stores, dinning places, walking distance to near orange line station. Close to Hwy 101 and 405. Close to lake Balboa/ Anthony Park. All schools elementary, middle and High Schools are less than a mile from the property. This property won't last too long.

Listed by Sudha Agarwal | BRE #01158446 | Century 21 Peak
Last checked: 10 minutes ago | Last updated: May 17th, 2024 | Source CRMLS | DOM: 119
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Home details

Lot Sq. Ft
6,120
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
SR24009102
City
Van Nuys
County
Los Angeles
Time on Site
120 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,050
  • Total Rent: $3,050
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,145
  • Total Rent: $2,145
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $114,540
  • Net Operating Income: $100,260
  • Gross Operating Income: $114,540
Annual Expense Breakdown
  • Total Operating Expense: $14,280
  • Electric: $720
  • Trash: $600
  • Gardener: $960
  • Insurance: $2,400
  • Water/Sewer: $9,600

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Property Details for 6614 Balboa Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Wood
  • Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Built-In Range, Convection Oven, Dishwasher, Disposal
Interior Features
  • Granite Counters
  • Levels: One, Two
Exterior Features
Exterior Information
  • Other Structures: Outbuilding
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Auto Driveway Gate, Direct Garage Access
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Public Records
  • Common Interest: Planned Development
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 2231022076
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected
Location / Neighborhood
Location Information
  • Directions: North of Victory and south of Vanowen on Balboa blvd.
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Street Lights, Valley
View more facts & features

Local Van Nuys Agent

Sale History for 6614 Balboa Blvd

Last sold for $1,400,000 on September 15th, 2017

  • January, 2024

  • Jan 20, 2024

    Date

    Active

    CRMLS: SR24009102

    $1,999,000

    Price

  • September, 2017

  • Sep 15, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

  • December, 2014

  • Dec 8, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 6614 Balboa Blvd

Assessed Value (2020): $1,456,560
Year Land Value Improved Value Assessed Value
2020 $582,624 $873,936 $1,456,560

Home Value Compared to the Market

This property vs the competition

6614 Balboa Blvd is listed 113.77% higher than the median list price for the city of Van Nuys which has a median list price of $879,000. The median price per/sqft for Van Nuys is $566 and this home is listed at $479.46 per/sqft which puts the price per square foot 15.29% lower than the median price per square foot for the city of Van Nuys.

About 6614 Balboa Blvd

Detailed summary of property

6614 Balboa Blvd is a fourplex located in Van Nuys, CA 91406 and is currently for sale. This fourplex offers 8 bedrooms, 7 bathrooms, roughly 3,919 living square feet, and sits on an approximately 6,120 square foot lot. 6614 Balboa Blvd was first listed on ArdentRealEstateGroup.com on January 20, 2024. The homeowner is currently asking $1,879,000 and was originally asking $1,999,000. The median priced home in Van Nuys is $879,000 with a median price per square foot of $566. Based on Ardent Real Estate Group's Van Nuys Market Data, this home is listed 113.77% higher than the median priced home. Local competing homes currently for sale include 610 N Spaulding Ave, 6920 Camrose Dr and 1140 S Shenandoah St. While the average home in Van Nuys, CA is selling in 59 days, 6614 Balboa Blvd has a days on market of 119 days. There are currently 102 homes for sale in the Van Nuys real estate market and 76 of them are single family homes while 18 of them are condos and 8 are townhomes. For more information on this home for sale at 6614 Balboa Blvd Van Nuys, CA 91406 contact Ardent Real Estate Group and we will put you in touch with one of our Van Nuys agents.

Public Facts for 6614 Balboa Blvd

Public county record property details
Beds
8
Baths
7
Year built
1950
Sq. Ft.
3,919
Lot Size
6,018
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
2231-022-076

The source for these homes facts are from public records.

91406 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$879,000
Median List Price/Sq.Ft.
$544
Median Sold Price
$820,000
Median Sold Price/Sq.Ft.
$606
Total Inventory
69
Median Sale to List Price %
102.63%
Avg Days on Market
35
Loan Type
Conventional (40.91%), FHA (9.09%), VA (0%), Cash (13.64%), Other (27.27%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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