Est. cap rate

2.9%

Assumed rent, all units

$7,140/mo

Units

3

Price per unit

$498,333

Est. annual NOI

$42,840

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,098 sqft

Lot size

5,657 sqft

Year built

1948

Stories

2

Garage spaces

0

Pool

None

Status

ComingSoon

Days on market

0

MLS #

248395338

About this property

LAKE BALBOA TRIPLEX | INCOME PROPERTY | INVESTMENT & DEVELOPMENT POTENTIAL Discover the possibilities at 6407 Whitman Avenue, a three-unit multifamily property in the Lake Balboa neighborhood of Van Nuys. Offering approximately 2,098 square feet of living space on a 5,657-square-foot lot, this property presents an opportunity for owner-occupants, long-term investors, and developers seeking flexibility in the San Fernando Valley. Whether your vision is to occupy one unit while generating rental income from the others, expand your real estate investment portfolio, or acquire a multifamily asset for long-term wealth building, 6407 Whitman offers multiple avenues to explore. Investors may evaluate rental income, potential appreciation, and available tax benefits with their professional advisors. Of particular interest to developers and builders, the neighboring property at 6401 Whitman Avenue is separately marketed as a fully entitled, 37-unit affordable housing development opportunity under the City of Los Angeles ED1 program. This creates a distinctive opportunity to explore acquiring neighboring parcels for a potential larger development strategy, subject to separate negotiations, applicable approvals, and independent due diligence. Conveniently situated near Victory Boulevard, Woodley Avenue, Lake Balboa Park, the Sepulveda Basin Recreation Area, shopping, transportation, and major San Fernando Valley corridors. Live in it. Rent it. Hold it. Explore its future potential. 6407 Whitman Avenue offers an opportunity to pursue your real estate goals today while considering what tomorrow may bring. Buyer to independently verify all property information, unit legality, occupancy, rents, zoning, development potential, permits, and feasibility. Adjacent property is separately owned and offered; no combined sale, development approval, or entitlement for the subject property is represented or guaranteed.

Location

6407 Whitman

Van Nuys, Los Angeles, CA, 91406