Property Detail

6860 Woodley

Van Nuys CA 91406

$1,850,000

Status: Active

Property Details

Description

We are pleased to present 6860 Woodley Avenue, a seven-unit multifamily property in the Lake Balboa neighborhood of Van Nuys. Built in 1988, the two-story building encompasses 7,830 square feet of rentable space on a 6,999-square-foot lot zoned [Q]R3-1. All seven units are two-bedroom/two-bathroom flats, averaging 1,119 square feet, offering a clean and uniform product type. The property is situated on a quiet residential stretch of Woodley Avenue, approximately one mile south of Van Nuys Airport and within walking distance of Lake Balboa Park.The building's consistent unit mix makes it operationally straightforward, with individually metered gas and electric, no on-site manager requirement, and no pool or common laundry to maintain. As a post-1978 property, 6860 Woodley is exempt from the City of Los Angeles Rent Stabilization Ordinance, subject only to the statewide AB 1482 Tenant Protection Act. This regulatory status gives owners greater flexibility to adjust rents to market levels. Current rents range from $2,067 to $2,150 per month, well below the achievable market range of $2,400 to $2,600 per month for comparable two-bedroom units on the Woodley Avenue corridor.Lake Balboa offers stable renter demand driven by relative affordability compared to more central Valley submarkets. The subject's 18.5% rent upside from current to pro forma income presents a clear value-add opportunity for buyers seeking immediate cash flow improvement without capital renovation. The all-2BR/2BA format attracts a reliable tenant base of working professionals and families, and the 1,119-square-foot unit size is larger than most competing inventory on the corridor. At 100% occupancy with month-to month leases on six of seven units, a new owner can begin implementing rent adjustments immediately upon closing.

Map Location

Listing provided courtesy of Filip Niculete of Marcus & Millichap. Last updated 2026-05-06 08:14:23.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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