Presenting 6461 Woodley Ave, a newly constructed multifamily property completed in 2024 in Lake Balboa, CA. This exceptional asset includes five residential units plus an attached ADU, making 6 units, all vacant and ready for immediate leasing. Projected to generate approximately $23,650 in monthly rental income, this property offers an estimated annual gross revenue of $283,800 and a solid 5.6% cap rate, making it an ideal opportunity for 1031 exchange buyers seeking a high-quality, income-generating asset with strong returns.Located just minutes from the 405 and 101 freeways and close to Lake Balboa Park's trails, lakes, and green spaces, this property provides a unique blend of urban accessibility and recreational amenities, enhancing its tenant appeal. Each unit features open-concept layouts, premium laminate flooring, modern white kitchens with stainless steel appliances, and in-unit washers and dryers, ensuring a comfortable and contemporary living experience. Additional features include 10 parking spaces accessible from the rear alley, an added benefit for both tenants and investors in this high-demand area. With its turnkey status, minimal maintenance requirements, and strong rental potential, 6461 Woodley Ave offers an exceptional investment in the growing Van Nuys market.
Property Details
Property Features
Property Information:
Architectural Style: Modern
Year Built: 2024
Stories: 3
Living Area: 7,701 SqFt
Listing Office:
Office Name: Power Brokers
Office Phone: (424) 738-5900
Listing Agent: Michael Fitzgerald
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Dryer, Washer
Bedroom and Bathroom Information:
Total Bedroom Count: 21
Exterior Features
Exterior Information:
View: Mountain(s)
Parking Information:
Parking: Assigned, Carport
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: North on 405, exit West on Victory, turn right on Woodley.
Price Information
Listing Price Info
Price Summary:
List Price: $3,795,000
Price Per SqFt: $493/SqFt
Tax Information:
Annual Amount: $1,664
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.7M more than the Median Sold Price and $148/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: #24457843
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: 11/21/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,664
$109,863
2020
$1,621
$108,737
2019
$1,539
$106,606
2018
$1,508
$104,516
2017
$1,508
$102,468
History based on county public records data.
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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 school0.61 miles
Public District Grades KG-5
2
/10
Columbus Avenue Elementary School
6700 Columbus Ave
Distance between this listing and this school1.21 miles
Public District Grades KG-5
3
/10
Sylvan Park Elementary
6238 Noble Ave
Distance between this listing and this school1.33 miles
Public District Grades KG-5
Nearby Schools
5
/10
Mulholland Middle School
17120 Vanowen St
Distance between this listing and this school1.26 miles
Public District Grades 6-8
5
/10
Lashon Academy
7477 Kester Ave
Distance between this listing and this school1.94 miles
Public Charter Grades KG-8
7
/10
Hesby Oaks Leadership Charter
15530 Hesby St
Distance between this listing and this school1.95 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Independence Continuation
6501 Balboa Blvd
Distance between this listing and this school1.01 miles
Public District Grades 9-12
6
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school1.05 miles
Public Magnet Grades 9-12
6
/10
Lake Balboa College Preparatory Magnet K-12
6701 Balboa Blvd
Distance between this listing and this school1.07 miles
The neighbors living near this home have an average income of $65,104. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6461 Woodley Ave
What is the listing price of this property?
The listing price of 6461 Woodley Ave property is $3,795,000.
What type of property is this?
The property 6461 Woodley Ave is a house located in Van Nuys, California, 91406.
Is this property for sale now?
Active Listing: 6461 Woodley Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,664 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 6461 Woodley Ave has 21 bedrooms and 16 bathrooms.
What is the square footage of this property?
The property 6461 Woodley Ave is 7,701 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 6461 Woodley Ave is 2024.
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This home is located at 6461 Woodley Ave in Van Nuys, CA and zip code 91406 in the The San Fernando Valley neighborhood. This 7,701 square foot home, which was built in 2024, sits on a 0.16 acre lot. Features: 21 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $3,795,000.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market 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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