6550 Balboa, Van Nuys, California 91406, Van Nuys, 91406 - 8 bed, 7 bath
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Van Nuys, California 91406
This Turnkey Income-Producing Quadruplex is a Strong Value Opportunity, listed at $1,595,000—positioned well below the $1,694,908 Fair Market Value by 5%. This valuation gap offers $99,908 in Instant Equity for the incoming buyer. Featuring a rare all 2-bedroom, 2-bathroom configuration and an 8-car gated carport, the property maintains a Condition Rating of 3 with extensive modern renovations. Proximity to the top-rated Kester Avenue Elementary (9/10) ensures sustained rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Property is move-in ready.
The property is a well-maintained 2000 build that functions as a turnkey investment. The front unit has been recently and extensively renovated with modern flat-panel cabinetry, quartz countertops, and designer tile, while the remaining three units feature updated granite counters and refreshed bathrooms. With central HVAC in all units, dual-pane windows, and a durable concrete tile roof, the major systems are within their functional lifespan and require no immediate capital expenditure.
Elementary School: Kester Avenue Elementary School (9/10).
The property features a rare and highly desirable 2-bedroom, 2-bathroom layout for all four units, which significantly enhances rental demand and long-term tenant retention.
With a fully remodeled front unit and updated interiors in the remaining units, the property offers modern finishes, quartz countertops, and essential central A/C, minimizing immediate capital expenditure for an investor.
Located on Balboa Boulevard, the property is subject to significant street noise and traffic, which may be a drawback for tenants seeking a quieter residential environment.
Several of the nearby assigned public schools have low performance ratings, which could limit the property's appeal to families with school-aged children.
Exceptional income-producing quadruplex in the heart of Lake Balboa! This beautifully maintained 2-story, 4-unit investment property offers a total of 4,018 sq ft of living space on a generous 6,120 sq ft lot. Each unit features 2 bedrooms and 2 bathrooms — a rare and highly desirable configuration for multi-family. The front unit has been recently remodeled with a stunning modern kitchen featuring sleek dark flat-panel cabinetry, quartz countertops, designer glass tile backsplash, and all stainless steel appliances including gas range, microwave, and dishwasher. Bathrooms showcase elegant marble-look porcelain tile, glass-enclosed showers, and contemporary dark vanities with quartz tops. The remaining three units are also updated with granite counters, newer appliances, and refreshed bathrooms. Property highlights include central A/C and forced air heating in every unit, dual-pane windows throughout, durable concrete tile roof, and modern tile flooring. Ample parking with an 8-car attached covered carport accessed via a gated rear alley — tenants never need to use the busy street. The fully fenced and private front yard provides a quiet, secure feel despite the convenient location. Zoned LARD1.5 with strong rental income potential. Ideally situated near shopping, dining, parks, and major freeways for easy commuting. A turnkey investment opportunity with proven cash flow in one of the San Fernando Valley's most sought-after rental markets. Incredible opportunity for an owner-user or investor! This beautifully maintained 4-unit property is perfect for a buyer looking to live in one of the spacious 2-bed/2-bath units while renting out the other three to generate income and offset monthly mortgage payments.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 2.5 | 67% |
| Baths | 7.0 | 1.5 | 67% |
| Square foot | 4,063 | 3,366 | 83% |
| Lot Size | 6,122 | 8,054 | 17% |
| Price | $1.59M | $1.37M | 50% |
| Price per sq ft | $393 | $426 | 50% |
| Built year | 2000 | 1995 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 126 | 17% |
Feb 27, 2026
$1,595,000
Initial Listing
Feb 28, 2013
$450,000
Public Record
Jul 18, 2005
$875,000
Public Record
Sep 11, 1997
$4,000
Public Record