Active

6401 Odessa Ave

Lake Balboa CA, 91406

$4,249,000


$471.38 per sqft

Active

22 Beds

21 Baths

9,014 sqft

Multi-family

Built in 2024

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!

24-464521

MLS ID

November 26, 2024

Listed

December 18, 2024

Updated

Map

6401 Odessa Ave
Lake Balboa CA, 91406

Interior Features

Total Stories

3


Bedrooms

22


Total Bathrooms

21


Appliances

Dishwasher, Dryer, Garbage Disposal, Ice Maker, Microwave, Range/Oven, Refrigerator, Solar Panels, Vented Exhaust Fan, Washer


Laundry Description

In Unit


Floor Description

Laminate


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.17 Acres


Sewer

In Street

Other Property Details

Area Name

Lake Balboa


Days on Market

22


Garage

No


Parking

Carport Attached


Parking Total

10


View

Yes


View Description

Golf Course, Hills, Mountains


County

Los Angeles


Water Source

Public


Pool

No


Zoning

LAR3

Listing History

Date

Event

Price

12/18/2024

Price change

$4,249,000

-2%

Listed by Michael Fitzgerald with Power Brokers
Listing Contact: 310-793-6136 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/18/2024

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