6512 Balboa Boulevard, Van Nuys, California 91406, Van Nuys, 91406 - bed, bath
6512 Balboa Boulevard
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 6512 Balboa Boulevard, Van Nuys, California 91406 is currently available with a list price of $2,100,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Van Nuys Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1952, making it over 70 years old. While the listing states 'well maintained,' there are no interior images to assess the condition, style, or features of the kitchens, bathrooms, appliances, flooring, or other internal components. The exterior images show an older building that appears to be kept up, but not recently modernized. Given its age and the lack of evidence of extensive renovations within the last 15-30 years, it is likely that major components are functional but outdated, suggesting it would require minor updates or repairs to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Income-Generating Asset
As a quadruplex (Residential Income property), it offers a strong foundation for investors seeking consistent rental income and portfolio diversification.
- Strategic Vacancy for Upside
Two units will be delivered vacant, providing immediate opportunity for an investor to implement market-rate rent adjustments or for an owner-occupant to move in.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1952, the property may require ongoing maintenance, system upgrades, or capital expenditures to address potential aging infrastructure and components.
- Condo Conversion Uncertainty
While a significant upside, the condominium conversion is 'applied for,' indicating it's not yet approved or completed, which could involve a lengthy, complex, and potentially costly process with no guaranteed outcome.
- Initial Vacancy Risk
With 50% of the units (2 out of 4) delivered vacant, there will be a period of reduced rental income until new tenants are secured, impacting immediate cash flow for an investor.
About 6512 Balboa Boulevard
Well Maintained 4-Plex in desireable Van Nuys Area with tremendous upside. 3 units of 3 bed + 2 baths and 1 unit of 2 bed +2 baths. 2 units will be delivered vacant. Condominium conversion has been applied for. Close to all amenities.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1952
- Lot Size
- 6,235 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Gault Street Elementary School
Grades K-5 • 0.7 mi
Gault Street Elementary School
Grades K-5 • 0.7 mi
Lemay Street Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 1.5 | 50% |
| Baths | - | 1.0 | 50% |
| Square foot | 4,800 | 3,017.5 | 83% |
| Lot Size | 6,235 | 7,627 | 17% |
| Price | $2.10M | $1.40M | 83% |
| Price per sq ft | $438 | $460 | 33% |
| Built year | 1952 | 1989 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 235 | 133 | 0% |
Pricing History
Listed for Sale
Jul 14, 2025
$2,100,000
Initial Listing