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In-PersonVirtual Tour

Mechele A. Nelson

mechele@monarchcapcorp.com +1(817) 938-3872

$ 4,295,000

Est. payment | -/mo

22 Beds

21 Baths

9,014 SqFt

Save

$ 4,295,000

Est. payment | -/mo

Save

22 Beds

21 Baths

9,014 SqFt

OPEN HOUSE

Wed Nov 27, 12:00pm - 1:00pm

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,014 sqft

Price per Sqft $476

MLS Listing ID 24-464521

Bedrooms 22

Construction Status New Construction

Year Built 2024

Lot Size 7,367 Sqft

Acres 0.1691

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 5.66% 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 Lake Balboa

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Flooring Laminate

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

Laundry In Unit

Exterior

Garage Carport Attached

Garage Spaces 10.0

View Y/N Yes

View Golf Course, Hills, Mountains

Building

Story 3

Foundation Raised

Sewer In Street

Water Public

Level or Stories Multi/Split, One

Construction Status New Construction

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Power Brokers

+1(817) 938-3872

mechele@monarchcapcorp.com

United States

6401 Odessa Ave Lake Balboa, CA 91406