6512 Balboa Boulevard, Van Nuys, California 91406, Van Nuys, 91406 - 0 bed, 0 bath
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Van Nuys, California 91406
This Strategic Residential Income Asset is a well-maintained quadruplex listed at $2,100,000, representing a specialized valuation compared to the $1,956,097 Fair Market Value. Featuring a Condition Rating of 4, the property offers a superior unit mix of three 3-bedroom units, with two units delivered vacant for immediate market-rate optimization. The pending Condominium Conversion application and proximity to the 9/10 rated Kester Avenue Elementary School provide significant future upside and exit strategy flexibility. This is a high-potential acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6512 Balboa Boulevard Subject | $2,100,000* List Price | 0 | 0 | 4,800 | $408 | - |
A 6550 Balboa Active | $1,595,000 List Price | 8 | 7 | 4,063 | $393 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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of evidence of extensive renovations within the last 15-30 years, it is likely that major components are functional but outdated, suggesting it would require minor updates or repairs to meet current standards.
Elementary School: Kester Avenue Elementary School (9/10).
As a quadruplex (Residential Income property), it offers a strong foundation for investors seeking consistent rental income and portfolio diversification.
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.
Built in 1952, the property may require ongoing maintenance, system upgrades, or capital expenditures to address potential aging infrastructure and components.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,800 | 3,366 | 83% |
| Lot Size | 6,235 | 8,054 | 17% |
| Price | $2.10M | $1.40M | 83% |
| Price per sq ft | $438 | $449 | 50% |
| Built year | 1952 | 1989 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 282 | 180 | 0% |
Jul 14, 2025
$2,100,000
Initial Listing