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.