6407 WhitmanVan Nuys, CA 91406

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.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1948

Stories

2

Building area

2,098 Sq Ft

Lot size

0.13 acres

Days on market

6

MLS^® Listing#

SR26216159

Property Features

Pool

None

Parking

Assigned

Laundry

None

Community

Curbs · Suburban · Sidewalks

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

2233006016

Directions

From the 405 Freeway, exit Victory Boulevard and head west. Continue on Victory Boulevard toward Whitman Avenue. Turn onto Whitman Avenue and proceed to 6407 Whitman Avenue, located near the intersection of Victory Boulevard and Whitman Avenue.