Properties

Van Nuys, CA 91406 7203 Rubio Avenue

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Presented By: Neema Ahadian with Marcus & Millichap;
  • MLS# 26658831
  • 03/02/2026
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  • Beds • 59
  • Baths • 9
  • SQFT • 32,777

Home Details

We are pleased to present 7203 Rubio Avenue, a high-quality multifamily investment opportunity located in the Lake Balboa neighborhood of the San Fernando Valley. Constructed in 2013, the property consists of 29 residential units and a separately leased on-site office space situated on a prominent corner lot at the intersection of Sherman Way and Rubio Avenue. This offering represents the first time the asset has been brought to market since completion, providing investors the rare opportunity to acquire a modern, institutionally maintained property in a central infill Los Angeles location. The residential component features a well-balanced unit mix of one-, two-, and three-bedroom layouts ranging from approximately 675 to 1,295 square feet. Units are outfitted with contemporary interior finishes, including recessed lighting, luxury vinyl plank flooring, quartz countertops, stainless steel appliances, wood cabinetry, and generous storage. Some of the units have tile throughout the kitchen, living room, and bathroom areas. Seventeen units offer private balconies, and the property includes common area spaces on the third and fourth floors that provide panoramic views of the San Fernando Valley and additional lifestyle appeal. The on-site office space is leased to an insurance firm with a term extending through May 31, 2027,offering stable supplemental income the space is approximately 1,200 SF and equipped with a kitchen and bathroom, ideal for a potential ADU conversion. Built in 2013, the property is not subject to the Los Angeles Rent Stabilization Ordinance, allowing for greater operational flexibility and long-term growth. The asset has strong occupancy, demonstrating tenant demand and providing immediate in-place cash flow. At the asking price, the offering is priced at $362,069 per unit and $320 per square foot, reflecting a 5.40% CAP rate and an 12.24 gross income multiplier based on current operations. The property is well equipped with 53 gated ground-floor parking spaces, EV charging stations, a secure intercom-controlled entry system, and security cameras throughout. Utilities are separately metered, including water, which minimizes landlord expense exposure. With little to no deferred maintenance, the asset offers investors a truly turnkey acquisition. Strategically located with convenient access to the 405 and 101 Freeways, the property benefits from proximity to major retail, dining, and employment corridors along Sherman Way, Victory Boulevard, and Balboa Boulevard. Residents enjoy efficient connectivity throughout the San Fernando Valley, including nearby communities such as Encino, Tarzana, Sherman Oaks, and Valley Village. Lake Balboa remains a stable, supply constrained submarket characterized by favorable demographics, consistent renter demand, and a central location, making 7203 Rubio Avenue an attractive long-term investment opportunity in the Los Angeles multifamily market.
Presented By: Neema Ahadian with Marcus & Millichap;

Interior Features for 7203 Rubio Avenue

Bedrooms

Total Bedrooms59

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths49

Other Interior Features

Air Conditioning Y/NNo
Heating Y/NNo
Total Stories4

General for 7203 Rubio Avenue

Cap Rate5.4
CityVan Nuys
CoolingNone
CountyLos Angeles
DirectionsCorner of Rubio Ave & Sherman Way
Full Baths
Gross Income858000
HOANo
HeatingNone
LevelsThree Or More
Living Area32777
Lot Size Square Feet23426
Lot Size UnitsSquare Feet
MLS AreaLKBL - Lake Balboa
Net Operating Income567318
New ConstructionNo
Number Of Units Total29
PostalCityVAN NUYS
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built2013
ZoningLAC2

Exterior for 7203 Rubio Avenue

Building Area Total32777
Lot Size Acres0.5378
Lot Size Area23426
Lot Size SourceAssessor
Number of Buildings1
Parking FeaturesGated, Community Structure
Total Parking53

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $10,500,000
MLS#26658831
List Date 03/02/2026
Property Type Multi-Family
Phone 888.795.6274
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