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!
This property is $3.2M more than the Median Sold Price and $164/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24464521
Listing Office:
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.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Bassett Street Elementary School
15756 Bassett St
Distance between this listing and this school0.87 miles
Public District Grades KG-5
7
/10
Gault Street Elementary School
17000 Gault St
Distance between this listing and this school1.01 miles
Public District Grades PK-5
5
/10
Lemay Street Elementary
17520 Vanowen St
Distance between this listing and this school1.45 miles
Public District Grades KG-5
Nearby Schools
5
/10
Mulholland Middle School
17120 Vanowen St
Distance between this listing and this school0.89 miles
Public District Grades 6-8
7
/10
Hesby Oaks Leadership Charter
15530 Hesby St
Distance between this listing and this school2.15 miles
Public Charter Grades KG-8
5
/10
Lashon Academy
7477 Kester Ave
Distance between this listing and this school2.20 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Independence Continuation
6501 Balboa Blvd
Distance between this listing and this school0.64 miles
Public District Grades 9-12
6
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school0.67 miles
Public Magnet Grades 9-12
6
/10
Lake Balboa College Preparatory Magnet K-12
6701 Balboa Blvd
Distance between this listing and this school0.69 miles
The neighbors living near this home have an average income of $42,711. Typical income of Los Angeles, CA residents is between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6401 Odessa Ave
What is the listing price of this property?
The listing price of 6401 Odessa Ave property is $4,295,000.
What type of property is this?
The property 6401 Odessa Ave is a house located in Lake Balboa, California, 91406.
Is this property for sale now?
Active Listing: 6401 Odessa Ave is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 6401 Odessa Ave has 22 bedrooms and 21 bathrooms.
What is the square footage of this property?
The property 6401 Odessa Ave is 9,014 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 6401 Odessa Ave is 2024.
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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 $4,295,000.
While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.
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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