Homes for sale - 6401 Odessa AVE, Lake Balboa, CA 91406

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Kai Steijn

[email protected] +1(949) 374-8847

$ 4,249,000

Est. payment -/mo

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Price Dropped by $46K

6401 Odessa AVE Lake Balboa, CA 91406

22 Beds

21 Baths

9,014 SqFt

UPDATED:

12/19/2024 05:50 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,014 sqft

Price per Sqft $471

MLS Listing ID 24464521

Bedrooms 22

HOA Y/N No

Year Built 2024

Lot Size 7,365 Sqft

Property Description

Welcome to 6401 Odessa Ave., a brand-new 7-unit multifamily complex in the heart of Lake Balboa, offering modern luxury and outstanding convenience. With a projected yearly income of $320,400 and a strong projected 5.84% cap rate, this property is a top-tier investment opportunity. Nestled steps away from the Van Nuys Golf Course and with seamless access to major freeways, this property is ideally located to attract tenants seeking a combination of comfort and accessibility.Each unit features soaring 9 and 10-foot ceilings, custom kitchens with state-of-the-art appliances, and massive windows that flood interiors with natural light. Select bathrooms offer spa-like rainfall showerheads and sprayers. While on the exterior, the grounds are furnished with low-maintenance landscaping which enhances the property's aesthetic appeal. A soon-to-be-installed massive gated entrance will ensure privacy and security, further complementing the property's high-end features. To bolster safety, the property is equipped with 10 security cameras, accessible via a mobile app for real-time monitoring and peace of mind.Nearby amenities include Lake Balboa Park, the Sepulveda Basin Recreation Area, and a range of dining options such as Salsa & Beer and The Drunken Crab. Shopping and entertainment hubs like The Sherman Oaks Galleria and Van Nuys Plaza are also just minutes away.The property provides ample on-site parking, with additional street parking in the quiet neighborhood surrounded by single-family homes. Combining luxury features, a prime location, and robust financial potential, 6401 Odessa Ave is an unparalleled opportunity in the thriving Van Nuys market. Schedule your tour today to see everything this exceptional property has to offer!

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Exterior

Parking Features Attached Carport

Carport Spaces 10

View Y/N Yes

View Golf Course, Hills, Mountain(s)

Attached Garage Yes

Total Parking Spaces 10

Building

Story 3

Entry Level One,Multi/Split

Foundation Raised

Sewer Other

Level or Stories One, Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 2231005032

Special Listing Condition Standard

Listed by Michael Fitzgerald • Power Brokers