- 10 Beds
- 9 Baths
- 6,434 Sqft
- .16 Acres
6501 Woodley Avenue
We are pleased to present 6501 Woodley Avenue, a rare 1993 construction value add 5-unit Investment Opportunity in Lake Balboa, CA. The property is comprised of 6,434 square feet of rentable area with an excellent unit mix of (4) 2 Bed, 2.5 Bath Townhouse units and (1) 2 Bed, 1 Bath Front House. Each unit is equipped with washers and dryers, hardwood floors, spacious layouts, and central heat and air. The townhouse units feature large private balconies and the house features a large private front yard. Built in 1993, the property is not subject to the Los Angeles Rent Stabilization Ordinance, allowing for an investor to increase rents by 5% + CPI annually (8% in 2026), per AB1482.The current rents are strong, averaging $2,189, but have excellent remaining upside of approximately 20%.Situated in the highly desirable Lake Balboa rental submarket, the property benefits from its walking distance to Sepulveda Basin Recreation Area, a 2,000 acre zone featuring several parks, golf courses, indoor & outdoor sports complexes, and community gardens. Located just west of the 405 freeway and just north of the 101 freeway, Lake Balboa is one of the most central neighborhoods in Los Angeles, surrounded by high profile and trendy neighborhoods such as Encino, Sherman Oaks, Tarzana, North Hollywood, Northridge and Studio City.
Essential Information
- MLS® #26711685
- Price$1,575,000
- Bedrooms10
- Bathrooms9.00
- Square Footage6,434
- Acres0.16
- Year Built1993
- TypeResidential Income
- StatusActive Under Contract
Community Information
- Address6501 Woodley Avenue
- AreaLKBL - Lake Balboa
- CityVan Nuys
- CountyLos Angeles
- Zip Code91406
Amenities
- Parking Spaces10
- ParkingCovered, Garage, Gated
- # of Garages10
- GaragesCovered, Garage, Gated
Interior
- InteriorLaminate
- AppliancesDisposal, Dryer, Washer
- HeatingCentral
- CoolingCentral Air
- # of Stories2
- StoriesMulti/Split
Additional Information
- Date ListedApril 13th, 2026
- Days on Market88
- ZoningLARD1.5
Listing Details
- AgentBrandon Evans
Office
Lyon Stahl Investment Real Estate, Inc.
Price Change History for 6501 Woodley Avenue, Van Nuys, (MLS® #26711685)
| Date | Details | Change |
|---|---|---|
| Status Changed from Pending to Active Under Contract | – | |
| Status Changed from Active to Pending | – | |
| Status Changed from Active Under Contract to Active | – | |
| Price Reduced from $1,650,000 to $1,575,000 | ||
| Status Changed from Active to Active Under Contract | – |
Brandon Evans, Lyon Stahl Investment Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of July 10th, 2026 at 6:42pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.