6700 Balboa,Los Angeles, CA 91406
Los Angeles, CA 91406
Description
6700 Balboa Blvd is 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-RENTCONTROLLED! Lake Balboa is experiencing extremely low inventory, especially for new construction, contributing to consistently strong tenant demand and low vacancy.This trophy asset offers striking curb appeal on a rapidly evolving street and is fully leased at a strong 5.67% 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 keeping utility expenses at zero. 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, high-demand Valley submarket.
Details
| MLS # | BB26165783 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2025 |
| Days On Site | 27 |
| Listing Provided By | Myunits.com Inc. | Lauren Cearley |
Features
| SQ Feet | 8,175 |
|---|---|
| Garage | 8 |
| Car Port | Yes |
| Story(s) | 3 |
| Units | 5 |
| Building(s) | 2 |
| Acreage | 0.14 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher, Electric Oven, Electric Range, Freezer, Microwave |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Landscaped |
|---|
Parking
| Parking Features | Attached Carport |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Electric | Standard |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Sidewalks |
|---|
Taxes
| Property | 41499 |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91406 |
| Area | 699 Not Defined |
| Listing VS Median (in 91406) | |
Price: $3,495,000 low | high Med: $2,970,000 sqft: 8,175 low | high Med: 7,593 $ / sqft: $428 low | high Med: $411 On site: 27 low | high Med: 43 | |
Market Activity 91406
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91406 |
| Area | 699 Not Defined |
| Listing VS Median (in 91406) | |
Price: $3,495,000 low | high Med: $2,970,000 sqft: 8,175 low | high Med: 7,593 $ / sqft: $428 low | high Med: $411 On site: 27 low | high Med: 43 | |