7203 Rubio Ave, Van Nuys, CA 91406
Property image
Property image
SOLD
JUL 9, 2026

$9,418,700

Trulia Estimate
  • 59 Beds
  • 49 Baths
  • 32,777 sqft (on 0.54 acres)

7203 Rubio Ave, Van Nuys, CA 91406

Lake Balboa
Est. Refi. Payment $59,417/mo*
Refinance Your Home
Currently Off Market - Sold Jul 9, 2026 for $9,500,000 (10% below list price)

Home Value

Trulia Estimate
$9.42M
Since last month
Decreased$70K (-0.7%)
Since last year
Decreased$343K (-3.5%)
Since last sale
Decreased$82K (-0.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -4% in the last 10 years
MonthEstimated value
2026
September 2026$9.42M
August 2026$9.49M
July 2026$9.49M
June 2026$9.51M
May 2026$9.54M
April 2026$9.56M
March 2026$9.76M

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7342 Haskell Ave, Van Nuys, CA
1.24
Multi-Family Home
$6,512,500
12/30/25
36
36
24,349
17007-17013 Vanowen St, Van Nuys, CA
0.67
Multi-Family Home
$2,850,000
07/20/26
24
16
11,088
8567 Balboa Blvd, Northridge, CA
1.79
Multi-Family Home
$7,125,000
09/24/25
62
66
40,606
8615 Balboa Blvd, Northridge, CA
1.83
Multi-Family Home
$7,350,000
09/24/25
14
54
32,452
15022 Vanowen St, Van Nuys, CA
2.09
Multi-Family Home
$5,250,000
09/15/26
46
32
23,782
7524 Haskell Ave, Van Nuys, CA
1.29
Multi-Family Home
$3,365,000
08/18/26
24
17
11,795
15865 Vanowen St, Van Nuys, CA
1.09
Multi-Family Home
$1,957,000
03/25/26
15
16
9,460

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
7229 De Celis Pl, Van Nuys, CA 91406
0.07
$1,043,463
4
3
1,649
Recently Sold
7255 De Celis Pl, Van Nuys, CA 91406
0.11
$1,076,200
4
3
2,165
Off Market
16731 Sherman Way, Van Nuys, CA 91406
0.09
$3,204,200
22
14
11,326
Off Market
7309 Ruffner Ave, Van Nuys, CA 91406
0.13
$941,400
3
2
1,386
Off Market
7327 Whitaker Ave, Lake Balboa, CA 91406
0.19
$1,300,500
3
2.5
2,652
Off Market
7057 Rubio Ave, Van Nuys, CA 91406
0.16
$789,700
4
3
1,753
Off Market
7058 Petit Ave, Van Nuys, CA 91406
0.16
$932,478
3
2
1,793
Recently Sold
7225 Forbes Ave, Van Nuys, CA 91406
0.20
$1,402,300
3
2
2,320
Off Market
7059 De Celis Pl, Van Nuys, CA 91406
0.17
$947,600
1
1
428
Off Market
7307 Forbes Ave, Van Nuys, CA 91406
0.22
$1,331,400
3
4
2,455
Off Market
7056 Whitaker Ave, Van Nuys, CA 91406
0.19
$996,200
3
2
1,746
Off Market

Local Information

  • Map ViewExplore the area around 7203 Rubio Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 2013
0.54 acre lot
32,777 sqft
$290/sqft
Garage

About this House

What's unique:Contemporary interior finishesEv charging stationsProminent corner lotSecurity cameras throughoutQuartz countertopsStainless steel appliances
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.
7203 Rubio Ave, Van Nuys, CA 91406 is a 59 bedroom, 49 bathroom, 32,777 sqft multi-family in Lake Balboa, built in 2013. It last sold for $9,500,000 on Jul 9, 2026 (10% below the $10,500,000 asking price). More recently, it was listed as a rental in March 2021 with an asking price of $1,750 per month. That rental listing was removed on April 16, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $9,418,700.
Last check for updates: about 21 hours ago
Listed by Neema Ahadian DRE # 01346750, (213) 797-2290
Marcus & Millichap, (310) 909-5500
Bought with: Neema Ahadian DRE # 01346750, (310) 909-5444, Marcus & Millichap, (310) 909-5500
Source: CLAW, MLS#26658831

Home Details for 7203 Rubio Ave

Interior Features

Beds & Baths
Number of Bedrooms: 59Number of Bathrooms: 49
Dimensions and Layout
Living Area: 32777 Square Feet
Heating & Cooling
Heating: NoneNo CoolingAir Conditioning: NoneNo Heating
Levels, Entrance, & Accessibility
Stories: 4Levels: Three Or More

Exterior Features

Exterior Home Features
Other Structures: None
Parking & Garage
No CarportHas a GarageNo Attached GarageParking Spaces: 53Parking: Community Structure,Gated

Property Information

Year Built
Year Built: 2013
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Property Information
Parcel Number: 2226016025

Price & Status

Price
List Price: $10,500,000Price Per Sqft: $290/sqft
Status Change & Dates
Off Market Date: Tue Apr 28 2026

Active Status

MLS Status: Sold

Location

Direction & Address
City: Van Nuys

Building

Building Area
Building Area: 32777 Square Feet

Lot Information

Lot Area: 0.54 acres

Listing Info

Special Conditions: Standard

Miscellaneous

Mls Number: 26658831

Price and Tax history

DateEventPrice
Jul 9, 2026
Source: CLAW #26658831
Sold
$9,500,000
May 11, 2026
Source: CLAW #26658831
Contingent
$10,500,000
Mar 3, 2026
Source: CLAW #26658831
Listed For Sale
$10,500,000
Apr 16, 2021
Source: Zillow Rental Manager
ListingRemoved
Apr 13, 2021
Source: Zillow Rental Manager
PriceChange
$1,695
Price decreased by 3%

Market trends in Los Angeles

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.03M
$7.08KMoM
Sale-to-List Price
99.9%
0.1%MoM
Price per sq ft
$638
$0MoM
Available listings
8438
32MoM

Around this home

Neighborhood Overview

Lake Balboa
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Lake Balboa

At least 300 Trulia users voted on each feature.

  • 86 % Say it's dog friendly

  • 80 % Say there are sidewalks

  • 77 % Say car is needed

  • 68 % Say yards are well-kept

  • 66 % Say there's holiday spirit

  • 59 % Say it's walkable to restaurants

  • 59 % Say it's walkable to grocery stores

  • 58 % Say parking is easy

  • 55 % Say it's quiet

  • 51 % Say streets are well-lit

  • 49 % Say people would walk alone at night

  • 46 % Say they plan to stay for at least 5 years

  • 43 % Say neighbors are friendly

  • 43 % Say kids play outside

  • 33 % Say there's wildlife

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Very close to a large dog park with three separate areas for large, small, and timid dogs."
    0
    Flag
  • Kevin Motta
    "There’s is a dog park for small and large dogs. There’s a pets stores close by. Also there are many parks arounds with pathways for waking with your dog."
    2
    Flag
  • Trulia User
    "I enjoy seeing looking up into the sky & seeing military planes fly in formation on the weekends, & I enjoy seeing owls at night."
    1
    Flag
  • Trulia User
    "Summer movie night at the park and walks around the block to admire the different homes, as well as listening to the neighborhood garage band play on Friday nights. "
    0
    Flag
  • Trulia User
    "Commute is good, not bad, there’s is no much traffic here, only when you get into the freeway but driving around the neighborhood it’s great."
    0
    Flag
  • Trulia User
    "about safety and the ways to prevent harmful events from occuring that involve their children. safety first."
    0
    Flag
  • Trulia User
    "My commute to Castaic is about 25 minutes, leaving at 0600 - going back at 1600 is about 30 minutes."
    0
    Flag
  • Trulia User
    "Most neighbors do pick up after their dogs but some don’t specially the ones with big dogs so if anyone is considering moving into this neighborhood please be the kind that does abid by the rules "
    1
    Flag
  • Trulia User
    "There is a sense of community. We have lived here three years now and people are friendly and there are several schools near by. "
    5
    Flag
  • Trulia User
    "My commute is an average of about 30 min to city center with no traffic, can double during rush hour "
    0
    Flag
  • Trulia User
    "Close to 405 freeway, takes me 30-45 minutes to get to West Los Angeles with traffic in the morning. On weekends, traffic is not that bad so it takes only 15-20 minutes to get to West LA. "
    0
    Flag
  • Trulia User
    "Many options available. There is metro line, car pool share parking lot & busses. Also, the freeway is close by. I enjoy living here. The park has many activities including a lake, fishing, bikes, & waterfall. There are trails, tennis, & archery, too. "
    0
    Flag
  • Dalas
    "Pretty safe and clean when I used to be in college I didn’t have any problems with public transportation except for a few trouble makers but never had an encounter myself. "
    0
    Flag
  • Arik S.
    "It’s good and everything is nice and dandy and I’m excited for the future of man kind here and idk why I have to fill this out "
    1
    Flag
  • Deron B.
    "There are a lot of families in the neighborhood, children playing dogs being walked, people going for a stroll or an evening walk. It can be a beautiful community. "
    1
    Flag
  • Mishey P.
    "I been living here for over 15 and I love it, is safe and beautiful and everything is near by and schools and my job "
    11
    Flag
  • Jaclyn M.
    "I’ve lived here for three years and we have gotten to know many great people in the neighborhood! There are a lot of young new families that have moved in as well, and we have created a community feeling here. We have really enjoyed it. "
    6
    Flag
  • Nikolas P.
    "People don’t clean up after their dogs and some people let their dogs off leash which can cause some issues. "
    1
    Flag
  • Ladyofthelake
    "Way too many homeless people now. It used to be nice but homeless have invaded. There are beautiful homes in the neighborhoods but the vagrants like to wonder the nice quiet streets to vandalize cars and steal packages. "
    1
    Flag
  • Ashley M.
    "Horrible public transportation. If you miss the bus, the next one come 15-20 min later. I lived 10 min from my job (by car), it would take me an hour and a half because of the bus schedule "
    0
    Flag
  • Jerome P.
    "Parks are nearby and it’s easy to walk your dogs. The neighborhood makes it easy to easily walk your animals. "
    0
    Flag
  • Lee S.
    "It’s a lovely family community with great parks, but the public schools are not very good — especially the middle schools."
    0
    Flag
  • G B.
    "Good access to public transportation. I ride the Commuter Express to work now and I'm loving not having to drive to work "
    0
    Flag
  • Tubonism
    "People are friendly lots of dog people good neighbors only prob for me is the traffic at times but for most of the time it’s okay "
    10
    Flag
  • Marcellalessandra
    "I live here for 25 years and counting Love this area I am planning to retire here as well Lovely area"
    8
    Flag
  • Camille111462
    "We live close to a beautiful lake and park. public transportation is readily available. Birmingham High is a great option for kids."
    2
    Flag
  • Marcellalessandra
    "Nice Neighbors Community Look for each other Neighborhood watch Pet friendly Dog parks Balboa Park "
    3
    Flag
  • angrytenat
    "THERE ARE COCKROACHES EVERYWHERE! do not move into any Anza owned property. I have been dealing with roaches for months now and they havent done anything or compensated for nights and days we couldnt work"
    2
    Flag
  • Alison M.
    "There are Lots of dogs being walked and access to Good local vets and emergency vets. There aren’t very many dog parks or groomers."
    0
    Flag
  • Balboa Sucks
    "The area is horrible. The people are ghetto. Trash, roaches, silverfish everywhere. The area is changing and not for the better. "
    3
    Flag
  • Amanda P.
    "Nothing special here. There’s a park nearby, but it’s just a regular park. This area is also a bit of a food desert. I’m moving when my lease is up."
    1
    Flag
  • Wendy Yost
    "It's a great pocket of the San Fernando Valley. Adjacent to the 101 and 405, yet surrounded by parks, Golf Courses and recreation areas."
    7
    Flag
  • Sol M.
    "It’s close to Lake Balboa , huge park 2 minutes away from here and the orange line that’s also about a minute away from my neighborhood "
    4
    Flag
  • Omarrealestate
    "Safe streets, clean side walks, good transportation system, good schools, and low crime rates. Low prices."
    0
    Flag
  • Lorenarlj23
    "Farmers market on Sunday is a quick, easy, fun, and family oriented activity for us to take part in every Sunday. It’s close enough where we can walk too. "
    0
    Flag
  • Epadilla124
    "Lake Balboa is a great neighborhood where my kids can play outside. we also have one of the most beautiful parks in Los Angeles! "
    0
    Flag

LGBTQ Local Legal Protections

© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2026-09-22 12:54:58 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Some IDX listings have been excluded from this website.

Frequently asked questions about 7203 Rubio Ave

  • What is 7203 Rubio Ave estimated to be worth?
    Trulia's estimated value for 7203 Rubio Ave in Van Nuys, CA is $9,418,700.
  • What is the price history for 7203 Rubio Ave?
    7203 Rubio Ave in Van Nuys, CA last sold for $9,500,000 in July 2026.
  • Is Van Nuys a buyer's or seller's market?
    Van Nuys is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Van Nuys?
    The median sale price in Van Nuys is $1.03M. That is down $7.08K from the prior month.

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