Presenting 6461 Woodley Ave, a 2025-constructed multifamily investment opportunity located in the highly desirable Lake Balboa / Van Nuys submarket. The property is master leased at $28,000 per month for a 3-year term with two additional 1-year extension options, providing investors with immediate, stable cash flow and a strong 7.28% cap rate. Leased started February 2025. The property consists of five residential units plus a detached ADU (6 units total) and is projected to generate approximately $336,000 in annual gross income. Designed with modern construction standards and thoughtful layouts, the units feature open-concept floor plans, premium laminate flooring, contemporary white kitchens with stainless steel appliances, and in-unit washers and dryers, creating a highly desirable living environment for today's renters.Additional highlights include 10 on-site parking spaces accessible from the rear alley, a valuable amenity that enhances tenant convenience and long-term rental stability in this high-demand rental market.Ideally situated with convenient access to the 405 and 101 freeways, the property allows for easy connectivity throughout Los Angeles. Residents also enjoy close proximity to Lake Balboa Park, known for its scenic trails, lakes, and expansive green spaces, providing a rare combination of urban accessibility and outdoor recreation.With new construction quality, a master lease providing reliable income, minimal maintenance requirements, and a strong 7.28% cap rate, 6461 Woodley Ave presents a turnkey multifamily investment opportunity with stable returns in one of the San Fernando Valley's most desirable rental markets.
Listed by Michael Fitzgerald
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License #02016898
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Rise Realty
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310-793-6136
Last updated March 17, 2026
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Source: CRMLS #26661771
Listing Facts
TypeMulti-family
NeighborhoodLake Balboa
Bedrooms21
Days on Prevu8
Size7,701 sqft
Price per sqft$493
Amenities
Dishwasher
Washer/Dryer
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
03/09/2026
Listed by Rise Realty
$3,795,000
Property Details for 6461 Woodley Avenue
Association
Amenities
Community Features: Gated
Exterior
Construction
New Construction: Yes
Number Of Units Total: 6
Property Attached: Yes
Stories Total: 3
Year Built: 2024
Architectural Style: Modern
Common Walls: 1 Common Wall
Features
View: Mountain(s)
Measurements
Building Area Total: 7,701
Lot Size Acres: 0.16
Lot Size Area: 7,017
Lot Size Dimensions: 52,135
Lot Size Square Feet: 7,017
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 7.28
Gross Income: $336,000.00
Taxes
Parcel Number: 2233026017
Interior
Features
Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Dryer, Washer
Measurements
Living Area: 7,701
Living Area Source: Plans
Rooms
Bathrooms Total Integer: 16
Bedrooms Total: 21
Parking
Parking
Carport: Yes
Parking Features: Assigned, Carport
Parking Total: 10
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Sewer: Other
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 21 bedrooms in this multi-family home at 6461 Woodley Avenue.
Does this multi-family home have parking?
Yes, there are 10 parking spaces available for 6461 Woodley Avenue.
How does 6461 Woodley Avenue compare to other multi-family homes in Lake Balboa?
This multi-family home is listed 65% above the average price for multi-family homes in Lake Balboa and has been on the market for 45 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 7,701 sqft.
6461 Woodley Avenue is a 21-bedroom multi-family home for sale in Van Nuys CA 91406. Listed on Prevu for 8 days at $3,795,000. This residence features 7,701 square feet of living space, located in Lake Balboa. The median listing price for multi-family homes in this area is $949,900. The home offers dishwasher, air conditioning, parking, and washer/dryer. View other multi-family home listings in Los Angeles.
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.