UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26165783
HOA Y/N No
Year Built 2025
Annual Tax Amount $41,499
Lot Size 6,124 Sqft
Property Sub-Type Apartment
Property Description
construction 5-unit luxury townhome community in the heart of Lake Balboa. Just
steps from Balboa Park, near the golf course, and completely NON-RENTCONTROLLED!
Lake Balboa is experiencing extremely low inventory, especially
for new construction, contributing to consistently strong tenant demand
and low vacancy.This trophy asset offers striking curb appeal on a
rapidly evolving street and is fully leased at a strong 5.67% cap rate with
minimal expenses, making it an ideal turnkey addition to any portfolio.
Each of the five oversized tri-level townhomes (1,524–1,721 SF) features
4 bedrooms with en-suite baths, expansive living areas, and high-end
designer finishes throughout. Interiors include open-concept kitchens
with oversized islands, modern cabinetry, stainless steel appliances,
high ceilings, large closets, and spacious balconies off both living areas
and bedrooms. Additional features include drought-tolerant landscaping,
abundant natural light, and private garage parking accessed via a rear alley
(preferred by tenants). The property is separately metered for all utilities keeping
utility expenses at zero.
Located just minutes from the 80-acre Lake Balboa Park, the golf course, Ventura
Blvd, and major job hubs like Kaiser Permanente and CSUN, this property is also
surrounded by local hotspots like Salsa & Beer, House Roots Coffee, and The Drunken
Crab. With quick access to the 101 and 405 freeways, this location offers unbeatable
convenience. A rare, low-maintenance, cash-flowing asset in a supply-constrained,
high-demand Valley submarket.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Oven, Electric Range, Freezer, Microwave
Laundry Inside
Exterior
Parking Features Attached Carport
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights, Neighborhood
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction Yes
Others
Senior Community No
Tax ID 2231022031
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Virtual Tour https://www.myunits.com/buy/6700balboa
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