6437 Graves Avenue

Van Nuys, CA 91406

$1,399,999
Price
5
Beds
5
Baths
2,354 Sq. Ft.
$595 / Sq. Ft.
2,354
Sq. Ft.
$595
per Sq. Ft.

Description

Welcome to your income-generating retreat in Lake Balboa, where every detail is designed for comfort and convenience! This property offers a unique blend of versatility and charm, featuring a 3-unit setup with the simplicity of loan qualification as a Single Family Residence. Upon entering the main house, you're greeted by inviting spaces, including high ceilings and a cozy brick fireplace, creating a warm atmosphere for relaxation. Laminate and tile flooring add a touch of sophistication, while...Welcome to your income-generating retreat in Lake Balboa, where every detail is designed for comfort and convenience! This property offers a unique blend of versatility and charm, featuring a 3-unit setup with the simplicity of loan qualification as a Single Family Residence. Upon entering the main house, you're greeted by inviting spaces, including high ceilings and a cozy brick fireplace, creating a warm atmosphere for relaxation. Laminate and tile flooring add a touch of sophistication, while the expansive kitchen beckons with stone countertops, stainless steel appliances, and ample room for culinary creativity. A separate dining area and convenient powder room enhance the functionality of the space, while the individual laundry room streamlines chores with its included washer and dryer. At the front of the house, you'll find a sprawling walk-in coat closet, providing easy access to storage for your outerwear and belongings. Two generously sized bedrooms share a full bath, while the primary bedroom suite offers his and hers closets, an ensuite 3/4 bath, and access to a vast enclosed patio—perfect for unwinding or entertaining guests. Step outside to your own private backyard oasis, complete with a grassy area for your furry friends to roam, an outdoor sink for added convenience, a large storage unit for all your essentials, and a custom-built seating area surrounding a cozy firepit—ideal for gathering under the stars. The (64391/2 Graves Ave) ADU, constructed in 2024, and the (6439 Graves Ave) JADU, built in 2023, offer additional income potential. This property's location adds to its appeal, with Birmingham High School and Mulholland Middle School nearby, as well as easy access to Van Nuys Airport, Lake Balboa Park, golf courses, and the 405 and 101 freeways—making commuting a breeze. Experience the comfort and versatility of this meticulously renovated property, originally built in 1955 and fully revamped in recent years. Don't miss out on the opportunity to own a piece of Lake Balboa's vibrant real estate scene. Schedule a viewing today and discover the potential of this income-generating gem!
  1. Listed by Caroline Harabedian • DRE #01791821 • Brokerage DRE #01226640 • Re-Search Concept • 818-967-9626

Property Details for 6437 Graves Avenue

View
City Lights
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2354

Open Houses

Saturday, May 4th

2:00 PM - 5:00 PM

PublicView Details

Sunday, May 5th

12:00 PM - 5:00 PM

PublicView Details

Location

Listing Courtesy of Re-Search Concept, Caroline Harabedian, DRE #01791821
Add your commute
LISTING UPDATED: 04/29/2024 07:30 AM

Property Details for 6437 Graves Avenue

StatusActive
MLS #SR24080951
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.16 AC / 6,876 SF
CountyLos Angeles County

Location

Listing Courtesy of Re-Search Concept, Caroline Harabedian, DRE #01791821
Add your commute

Building Information for 6437 Graves Avenue

Stories1Residences-Year Built1955Building Size-Lot Size0.16 AC / 6,876 SF

Payment Calculator

$8,161 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$521

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6437 Graves Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $7,100
  • Gross Scheduled Income: $7,100
  • Net Operating Income: $7,000
  • Number Of Rented Garages: 0
  • Laundry Income: $0
  • Current Financing: FHA
Expense Details
  • Operating Expense: $100
  • Gardener Expense: $75
  • Fuel Expense: $110
  • Electric Expense: $350
  • Insurance Expense: $150
  • Maintenance Expense: $100
  • Trash Expense: $75
  • Water Sewer Expense: $50
  • Total Expenses: $810
Tax / Assessment Info
  • Tax Tract Number: 18798
  • Tax Census Tract: 1320.02
  • CFD/Mello-Roos Fee: $384
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Horse Trails, Park, Sidewalks, Storm Drains, Street Lights
  • Complex Features: Horse Trails
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Water Heater, Water Heater
  • Equipment: Dishwasher, Dryer, Dryer Included, Room, Washer, Washer Included
  • Interior Features: Copper Plumbing Full, High Ceilings, Open Floorplan, Recessed Lighting, Stone Counters, Track Lighting
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Primary Bedroom, Walk-In Closet
  • Bedroom Features: WalkInCloset
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Tile, Vinyl, Wood
Exterior Features
  • Entry Location: 1
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Lawn, Sprinklers In Front, Walkstreet
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 2
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number Wall AC: 1

Property History for 6437 Graves Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6437 Graves Avenue

Taxable ValueLand$303,382Additions$185,808Total$489,190
Tax Record2023$6,251 ($521 / month)
Home Facts
Beds3Total Finished SqFt1,753 SqFtAbove Grade Finished SqFt1,753 SqFtStories1Lot Size6,874 SqFtStyleSingle Family ResidenceYear Built1955ZoningLAR1CountyLOS ANGELESAPN2230-018-013

Schools near 6437 Graves Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lemay Street Elementary School
PublicK to 5

William Mulholland Middle School
Public6 to 8

Birmingham Community Charter High School
Charter9 to 12

High Tech La School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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6437 Graves Avenue is a multi-family home for sale in Van Nuys, CA 91406. This property was listed for sale on April 23, 2024 by Re-Search Concept, it's currently listed at $1,399,999. It has been on the market for a total of 10 days and was last sold on May 15, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Lemay Street Elementary School, William Mulholland Middle School and Birmingham Community Charter High School. 6437 Graves Avenue is a 5-bed, 5-bath, 2,354 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re-Search Concept, Caroline Harabedian, DRE #01791821

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.