Rare, 5-Unit, New Const. In Prime Lake Balboa | 5.83% Cap
Multifamily | 5 Units | $719,000/unit
Marketing description
The 5+ Unit Specialists are pleased to present 6700 Balboa Blvd, a massive, brand-new construction 5-unit luxury townhome community in the heart of Lake Balboa. Just steps from Balboa Park, near the golf course, and completely NON-RENT-CONTROLLED! This trophy asset offers striking curb appeal on a rapidly evolving street and projects a strong 5.83% cap rate with minimal expenses, making it an ideal turnkey addition to any portfolio.
Each of the five oversized tri-level townhomes (1,524–1,721 SF) features 4 bedrooms with en-suite baths, expansive living areas, and high-end designer finishes throughout. Interiors include open-concept kitchens with oversized islands, modern cabinetry, stainless steel appliances, high ceilings, large closets, and spacious balconies off both living areas and bedrooms. Additional features include drought-tolerant landscaping, abundant natural light, and private garage parking accessed via a rear alley (preferred by tenants). The property is separately metered for all utilities and has no house meter, keeping utility expenses at zero. A 1-year builder's warranty provides added confidence for investors.
Lake Balboa is experiencing extremely low inventory, especially for new construction, contributing to consistently strong tenant demand and low projected vacancy. Located just minutes from the 80-acre Lake Balboa Park, the golf course, Ventura Blvd, and major job hubs like Kaiser Permanente and CSUN, this property is also surrounded by local hotspots like Salsa & Beer, House Roots Coffee, and The Drunken Crab. With quick access to the 101 and 405 freeways, this location offers unbeatable convenience.
A rare, low-maintenance, cash-flowing asset in a supply-constrained, highdemand Valley submarket. Schedule your private showing before it hits the market.
Investment highlights
NO RENT CONTROL!
Located .4 miles from the scenic 80-acre Lake Balboa Park, with its serene lake, cherry blossom trees, bike paths, and expansive green space— DRAW FOR A+ TENANTS!
Outstanding projected cap rate of 5.83%! Cash cow.
MASSIVE units with premium floorplans.
The best curb appeal you'll find on this rapidly gentrifying street!
Boasts high-end, modern finishes.
High icome producing unit mix of ALL 4 bedroom units!
Tons of balconies with awe-inspiring views of the city.
All units separately metered for electric AND water (no gas on property)! Very low expenses!
Dream 1031 exchange opportunity. Ready to close!
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
Moments from Lake Balboa's top destinations! Surrounded by countless local favorites including House Roots Coffee, Humble Bee Café, Lido Pizza, Salsa & Beer, and The Drunken Crab, plus quick access to the Encino dining corridor.
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