6501 Woodley Avenue, Van Nuys, CA 91406
Property
Sold July 2026
Listing Agent: Brandon Evans (DRE #02058494) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Eden Burkow · Sotheby's International Realty · MLS #26711685 · Source: CRMLS
How this sale compares
6501 Woodley Avenue sold for $1,480,000 in July 2026, 6.0% under its $1,575,000 list price, after 53 days on the market. It was first listed at $1,650,000. That works out to $230 per square foot on 6,434 square feet. Across 154 closed sales in 91406 over the last 12 months, the median sold price is $879,500 and the median is $563 per square foot, 145% above this sale's $230.
| Quarter | Closed sales in 91406 | Median sold price |
|---|---|---|
| Q1 2026 | 14 | $892,500 |
| Q2 2026 | 71 | $850,000 |
| Q3 2026 | 62 | $902,500 |
| Q4 2026 | 7 | $740,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Van Nuys · Homes for sale in 91406
Description
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.
Listing description from the July 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 6501 Woodley Avenue
6446 Woodley Avenue 3: Sold $620,000 · 3 bd · 3 ba · 1,490 sqft · Oct 2026 · 0.1 mi
Rodeo Realty | DRE #00897501
Buyer's agent: Madelyn Curley, Equity Union | DRE #021825236648 Gaviota Avenue: Sold $1,145,000 · 4 bd · 4 ba · 2,659 sqft · Aug 2026 · 0.3 mi
Coldwell Banker Hallmark | DRE #01472137
Buyer's agent: Geoffrey Frid, Compass | DRE #020896726648 Gaviota Avenue: Sold $1,145,000 · Aug 2026 · 0.3 mi
Coldwell Banker Hallmark | DRE #01472137
Buyer's agent: Geoffrey Frid, Compass | DRE #020896726543 Blewett: Sold $910,000 · 4 bd · 3 ba · 1,948 sqft · Sep 2026 · 0.3 mi
Ernst & Haas Mngmnt Co., Inc. | DRE #01126617
Buyer's agent: Timo Ketola, 310 Properties | DRE #014950406700 Gloria Avenue: Sold $850,000 · 4 bd · 3 ba · 1,477 sqft · Sep 2026 · 0.4 mi
Coldwell Banker Realty | DRE #01915484
Buyer's agent: Luis Rodriguez, Popular Funding & Real Estate | DRE #0178170915946 Vanowen Street 209: Sold $395,000 · 2 bd · 2 ba · 729 sqft · Aug 2026 · 0.4 mi
Beverly & Company Luxury Properties | DRE #02157204
Buyer's agent: Ho Sop Chung, Realty One Group United | DRE #0193025016431 Hamlin Street: Sold $660,000 · 3 bd · 2 ba · 1,362 sqft · Oct 2026 · 0.4 mi
6418 Whitman Avenue: Sold $842,750 · 3 bd · 2 ba · 1,575 sqft · Sep 2026 · 0.5 mi
RLG State Realty | DRE #01973769
Buyer's agent: Cesar Pena, Elite Realty Services | DRE #01428388
Closed sales reported in 91406, nearest first, last 12 months. All recent sales in Van Nuys →