Introducing 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 $321,600 and a strong projected 6.24% 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 shower heads and sprayers. While on the exterior, the grounds are furnished with low-maintenance landscaping which enhances the property’s aesthetic appeal. A 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!
Property Details
Price:
$3,995,000
MLS #:
25509355
Status:
Active Under Contract
Baths:
0
Address:
6401 Odessa Avenue
Type:
Residential Income
Neighborhood:
lkbllakebalboa
City:
Lake Balboa
Listed Date:
Mar 10, 2025
State:
CA
ZIP:
91406
Lot Size:
7,367 sqft / 0.17 acres (approx)
Year Built:
2024
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
Cooling
Central Air
Flooring
Laminate
Heating
Central
Exterior
Foundation Details
Raised
Parking Features
Attached Carport
Parking Spots
10.00
Sewer
Other
Stories Total
3
View
Golf Course, Hills, Mountain(s)
Financial
Map
Community
- Address6401 Odessa Avenue Lake Balboa CA
- AreaLKBL – Lake Balboa
- CityLake Balboa
- CountyLos Angeles
- Zip Code91406
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6401 Odessa Avenue
Lake Balboa, CA
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