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.
Listed by Miguel Aguayo
·
License #01455832
·
Custom Mtg Inc
·
310-709-6304
Last updated April 25, 2026
·
Source: CRMLS #SR26044187
Listing Facts
TypeMulti-family
NeighborhoodLake Balboa
Bedrooms8
Bathrooms7
Days on Prevu64
Size4,063 sqft
Price per sqft$388
Amenities
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
04/26/2026
Price Decreased
$1,575,000
02/27/2026
Listed by Custom Mtg Inc
$1,595,000
Property Details for 6550 Balboa
Association
Amenities
Community Features: Biking, Curbs, Park
Exterior
Construction
Number Of Units Total: 4
Stories: 2
Stories Total: 2
Structure Type: Quadruplex
Year Built: 2000
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Measurements
Lot Features: 2-5 Units/Acre
Lot Size Acres: 0.14
Lot Size Area: 6,122
Lot Size Source: Assessor
Lot Size Square Feet: 6,122
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 2231022044
Interior
Features
Fireplace Features: Dining Room
Fireplace: Yes
Interior Features: Bedroom On Main Level, Main Level Primary, Walk-In Closet(s)
Measurements
Living Area: 4,063
Living Area Source: Assessor
Living Area Units: Square Feet
Rooms
Bathrooms Full: 7
Bathrooms Total Integer: 7
Bedrooms Total: 8
Main Level Bathrooms: 2
Main Level Bedrooms: 2
Other
Environmental
Green Energy Efficient: Appliances,HVAC,Lighting
Location
Tax Lot: 20
Parking
Parking
Garage Spaces: 8
Garage: Yes
Parking Total: 8
Schools
High School
High School District: Los Angeles Unified
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Laundry Features: Inside
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 8 bedrooms and 7 bathrooms in this multi-family home at 6550 Balboa.
Does this multi-family home have parking?
Yes, there are 8 parking spaces available for 6550 Balboa.
How does 6550 Balboa compare to other multi-family homes in Lake Balboa?
This multi-family home is listed 32% below the average price for multi-family homes in Lake Balboa and has been on the market for 11 more 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 4,063 sqft.
6550 Balboa is a 8-bedroom, 7-bath multi-family home for sale in Van Nuys CA 91406. On Prevu for 64 days at $1,575,000. This includes a recent price decrease of $20,000. This home features 4,063 square feet of living space, located in Lake Balboa. The median listing price for multi-family homes in this area is $949,900. Property amenities include air conditioning and parking. 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.