**Master Leased at $28,000 for 3 years with two 1 year extensions** 7% CAP RATE! Presenting 6461 Woodley Ave, a newly constructed multifamily property completed in 2024 in Lake Balboa, CA. This exceptional asset includes five residential units plus an attached ADU, making 6 units, all vacant and ready for… Read More immediate leasing. Projected to generate approximately $23,650 in monthly rental income, this property offers an estimated annual gross revenue of $283,800 and a solid 5.6% cap rate, making it an ideal opportunity for 1031 exchange buyers seeking a high-quality, income-generating asset with strong returns.Located just minutes from the 405 and 101 freeways and close to Lake Balboa Park's trails, lakes, and green spaces, this property provides a unique blend of urban accessibility and recreational amenities, enhancing its tenant appeal. Each unit features open-concept layouts, premium laminate flooring, modern white kitchens with stainless steel appliances, and in-unit washers and dryers, ensuring a comfortable and contemporary living experience. Additional features include 10 parking spaces accessible from the rear alley, an added benefit for both tenants and investors in this high-demand area. With its turnkey status, minimal maintenance requirements, and strong rental potential, 6461 Woodley Ave offers an exceptional investment in the growing Van Nuys market. Read Less
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