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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$1,495,000

Est. payment - /mo

5,658 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Coming Soon

Purchase Type For Sale

MLS Listing ID SR26216159

HOA Y/N No

Year Built 1948

Lot Size 5,658 Sqft

Property Sub-Type Triplex

Property Description

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

State CA

County Los Angeles

Area Vn - Van Nuys

Interior

Fireplace No

Laundry None

Exterior

Parking Features Assigned

Pool None

Community Features Curbs, Suburban, Sidewalks

Private Pool No

Building

Lot Description Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2233006016

Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, Fannie Mae, Freddie Mac, VA Loan

Listing Terms Cash, Conventional, Cal Vet Loan, FHA, Fannie Mae, Freddie Mac, VA Loan

Special Listing Condition Standard

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Listed by Filip Crispino Keller Williams Luxury 818-635-6743, DRE #01955402

NEARBY SCHOOL & BUSINESS

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6407 Whitman Van Nuys, CA 91406