6641 Gerald Avenue
About This Property
Step inside and enjoy the natural light pouring in through double-pane windows and skylights in the dining room and kitchen, creating a bright and open atmosphere. The kitchen boasts quartz countertops, a large pantry, and a custom buffet with additional storage and matching quartz surfaces. The remodeled bathroom continues the elegant design with sleek finishes and modern touches.
Enjoy year-round entertaining in your incredible California room, complete with an outdoor kitchen, full-size sink, 4-burner Zline cooktop, and Zephr outdoor fridge. The area is surrounded by beautiful pavers, manual retractable sun shades, and two large water fountains that bring serenity to the space. The backyard also features three mature fruit trees-Mexican lemon, guava, and a sweet hybrid grapefruit-for your own private harvest. This is a perfect opportunity to host and spend days with the family!
The property also includes a flex room that can serve as a home office, guest space, or storage area, featuring a tile floor, its own mini split (installed in 2020), and built-in shelving systems. Major upgrades include a new roof (2019), new AC unit (2019), and tankless water heater. Nearly every part of the home has been remodeled with care.
The ADU offers a private retreat with quartz countertops, a mini split system, ideal for guests or extra income.
Additional features include a Nest doorbell camera, Nest thermostat, and prime access to Balboa Park's walking and biking trails, Japanese Garden, archery range, and sports complex. Conveniently located near CSUN, public transit, and both the 405 and 101 freeways, this home offers easy access to everything the Valley has to offer.
Don't miss this beautifully upgraded Lake Balboa gem-where comfort, functionality, and opportunity meet!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2026 | Sold | ||
| Sold | |||
| Dec 13, 2025 | In contract | - | |
| In contract | |||
| Nov 29, 2025 | Price Decreased |
$899,900
↓ $50K
(5.3%) | |
| Price Decreased | |||
| Oct 2, 2025 | Listed by Century 21 Allstars | $950,000 | |
| Listed by Century 21 Allstars | |||
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About South Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017