#24457843, Michael Fitzgerald, Listing Office: Power Brokers
6401 Odessa Ave Lake Balboa, CA 91406
Property details
About 6401 Odessa Ave
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 $321,600 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!
Highlights
Summary
- MLS Number: 24464521
- MLS Name: CRMLS
- Office Name: Power Brokers
- Office Phone: (424) 738-5900
- Listing Agent: Michael Fitzgerald
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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Last updated on: 2/3/2025, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,249,000
6401 Odessa Ave
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Price information
Property sales
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Nearby schools
6
Bassett Street Elementary School
Public District KG-5
0.9 mi
•15756 Bassett St
7
Gault Street Elementary School
Public District PK-5
1.0 mi
•17000 Gault St
5
Lemay Street Elementary
Public District KG-5
1.4 mi
•17520 Vanowen St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,711. Most Lake Balboa, CA residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
About 6401 Odessa Ave
This home is located at 6401 Odessa Ave in Lake Balboa, CA and zip code 91406 in the The San Fernando Valley neighborhood. This 9,014 square foot home, which was built in 2024, sits on a 0.17 acre lot. Features: 22 bedrooms, 21 bathrooms. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $4,249,000.
While more than 294 listings in Lake Balboa, CA in January 2025 were sold above asking price, there were more than 161 listings sold at asking price, and more than 545 were sold below. The number of listings in Lake Balboa, CA increased by 20.1% between December and January 2025. In January 2025 median list price was $1,035,435 and the average listing age was 45 days.