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

7203 Rubio Ave
Van Nuys, CA 91406

Lake Balboa
  • 59 Beds
  • 49 Baths
  • 32,777 sqft (on 0.54 acres)

$9,500,000

Last Sold: Jul 9, 2026
10% below list $10.5M
$290/sqft
Est. Refi. Payment $57,604/mo*
Refinance Your Home

$9,500,000

Last Sold: Jul 9, 2026
10% below list $10.5M
$290/sqft
Est. Refi. Payment $57,604/mo*
Refinance Your Home
59 Beds
49 Baths
32,777 sqft
(on 0.54 acres)

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

Property Type
Multi-Family
Year Built
2013
Lot Size
0.54 acres
Living Area
32,777 sqft
Price/Sqft
$290/sqft
Parking
Garage

About this House

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. It is currently off market. The Trulia Estimate is $9,507,800, with a rent estimate of $2,411/month.

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
Last check for updates: about 9 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

Price History for 7203 Rubio Ave

DatePriceEventSource
07/09/2026$9,500,000Sold
CLAW #26658831
05/11/2026$10,500,000ContingentCLAW #26658831
03/03/2026$10,500,000Listed For SaleCLAW #26658831
04/16/2021ListingRemovedZillow Rental Manager
04/13/2021$1,695PriceChange
Zillow Rental Manager
03/23/2021$1,750Listed For RentZillow Rental Manager

Market trends in Los Angeles

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.03M
$22.92KMoM
Sale-to-List Price
99.8%
0.3%MoM
Price per sq ft
$637
$1MoM
Available listings
8228
94MoM
Skip to last item
  • Results are loading
Skip to first item

Comparable Sales for 7203 Rubio Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
16731 Sherman Way, Van Nuys, CA
0.09
Multi-Family Home
$3,250,000
09/12/25
22
14
11,326
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
15865 Vanowen St, Van Nuys, CA
1.09
Multi-Family Home
$1,957,000
03/25/26
15
16
9,460
17340 Burbank Blvd, Encino, CA
2.23
Multi-Family Home
$6,150,000
10/31/25
39
39
24,730

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 7203 Rubio Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.

  • 85 % 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

  • 50 % 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.
  • 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
  • Michelle H.
    "People always walk their dogs on leashes and the dogs are friendly. If the dogs are anxious the owners are kind enough to steer them away."
    0
    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

Apartments for Rent

Skip to last item
Skip to first item

Explore by feature - Pet Friendly

7852 pet-friendly rentals in Van Nuys, CA

Explore by feature - Garage

4298 rentals with a garage in Van Nuys, CA

Explore by feature - Air Conditioning

8157 rentals with air conditioning in Van Nuys, CA

Explore by feature - Pool

3387 rentals with a pool in Van Nuys, CA

Explore by feature - Washer/dryer

5610 rentals with a washer/dryer in Van Nuys, CA

Explore by feature - Outdoor Space

1580 rentals with an outdoor space in Van Nuys, CA

Homes for sale near 7203 Rubio Ave

Skip to last item
Skip to first item

Off Market Homes Near 7203 Rubio Ave

Skip to last item
Skip to first item
© 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 2026-07-24 01:50:56 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.