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Listed price in listed location currency (USD).
$1,650,000

101210

MLS® 26711685

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 5354 sqft
Garage Yes
Taxes 
Days Active 3
Lot Size 
Approx. Age 1993
Avg. Price Per Sqft $308
MLS® Number 26711685

Property Address: 6501 Woodley Ave, Van Nuys, CA, 91406-6486

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present 6501 Woodley Avenue, a rare 1993 construction value add 5-unit Investment Opportunity in Lake Balboa, CA. The property is comprised of 5, 354 square feet of rentable area with an excellent unit mix of (4) 2 Bed, 2.5 Bath Townhouse units and (1) 2 Bed, 1 Bath Front House. Each unit is equipped with washers and dryers, hardwood floors, spacious layouts, and central heat and air. The townhouse units feature large private balconies and the house features a large private front yard. Built in 1993, the property is not subject to the Los Angeles Rent Stabilization Ordinance, allowing for an investor to increase rents by 5% + CPI annually (8% in 2026), per AB1482.The current rents are strong, averaging $2, 189, but have excellent remaining upside of approximately 20%.Situated in the highly desirable Lake Balboa rental submarket, the property benefits from its walking distance to Sepulveda Basin Recreation Area, a 2, 000 acre zone featuring several parks, golf courses, indoor & outdoor sports complexes, and community gardens. Located just west of the 405 freeway and just north of the 101 freeway, Lake Balboa is one of the most central neighborhoods in Los Angeles, surrounded by high profile and trendy neighborhoods such as Encino, Sherman Oaks, Tarzana, North Hollywood, Northridge and Studio City.
MLS® Number26711685
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1993
Basement
DrivewayCovered, Garage, Gated
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 13, 2026List Date
$1,650,000List Price
  • Commute

Commute

Starting Address
Destination Address
6501 Woodley Ave, Van Nuys, CA

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