Lake Balboa Real Estate

Nestled in the heart of the San Fernando Valley, Lake Balboa is a hidden gem in Los Angeles County, California. This vibrant neighborhood is renowned for its picturesque landscapes, offering a delightful blend of urban convenience and suburban charm. With its namesake park, Lake Balboa Park, at the center, residents and visitors alike can enjoy serene walking trails, lush greenery, and a tranquil lake that invites picnics, paddle boating, and birdwatching.

Lake Balboa is more than just a beautiful locale; it boasts a rich tapestry of community spirit. The area is characterized by its friendly neighborhoods, where families and individuals find a welcoming atmosphere. The local schools are highly rated, making it an ideal place for families looking to settle down. Furthermore, the nearby amenities—from shopping centers to cozy cafes—ensure that everything you need is just a stone's throw away.

For those who love the outdoors, Lake Balboa is surrounded by a plethora of recreational options. The nearby Sepulveda Basin Wildlife Reserve offers hiking trails and opportunities for wildlife observation, while the local parks provide sports fields and playgrounds for children.

Culturally, Lake Balboa is conveniently located near the vibrant arts and entertainment scene of Los Angeles, with easy access to theaters, museums, and music venues. Whether you’re seeking a peaceful retreat or an active lifestyle, Lake Balboa is a community that truly has it all. Discover your perfect home in this charming neighborhood and experience the best of Southern California living!

Newest Listings in Lake Balboa

$1,799,000

10 Beds ⋅ 12 Baths ⋅ ACTIVE Status

Built in 1990, this gated four-unit multifamily property features an attractive townhouse-style unit mix consisting of two 2-bedroom, 2.5-bath units and two 3-bedroom, 2.5-bath units, averaging approximately 1,430 square feet each. Every unit offers a spacious open floor plan with a fireplace, large kitchen, private balcony, washer/dryer hookups, and a large attached two-car garage. Two units have also been updated with waterproof laminate flooring throughout the downstairs living areas and bathrooms. From an investor's perspective, the property offers strong in-place cash flow with significant upside potential. The asset is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), allowing ownership to capture full market rent increases. Current operations generate approximately $74,779 in annual NOI, with projected stabilized NOI of approximately $106,927 at market rents. With its desirable large-unit mix, family-oriented amenities, and limited near-term capital expenditure requirements, this property presents an excellent investment opportunity.

6440 Balboa Blvd, Los Angeles

Courtesy of Matthews Real Estate Investment Services, Daniel Withers - CA DRE#01325901

$1,599,999

37 Beds ⋅ 37 Baths ⋅ ACTIVE Status

Welcome to 6401 Whitman, a fully entitled 37 unit RTI( Ready to Issue) permit project perfect for Developers, Investors, Contractors, Builders ready to pull permits and start building. This SHOVEL READY 100% Affordable ED1 project in Lake Balboa featuring 37 units including a manager's office that can be converted into a unit, 19-1 bedroom, 18- studios across a Type V, four story, fully stacked designed which features all wood frame floors on a corner lot. This design has significant savings in construction costs and time maximizing the most units with significantly lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of San Fernando valley's vibrant and high demand areas, Lake Balboa is just minutes to Encino, Sherman Oaks, Van Nuys and the property located directly across the street to Woodley park which is considered a high resource area on the map. The property is also directly across the street to the Orange Line and the freeway, while major shopping stores like Super King and COSTCO are very close by as well. Due to its central location, the area is within top employment hubs and is easy access to Encino, it is a highly desirable and attractive area that has lots of brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area because of it just a walk across the street to the Metro/Orange Line, making this very walkable and bike friendly. The stackable design features 15,111 square feet of livable area and 16,780 square feet of buildable area with units ranging from 268- 338 sq ft Studios and 352 to 465 sq ft- One bedrooms. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 37 units would bring a monthly gross income of $75,482 and yearly gross income of $905,784, or a buyer can look into achieving higher rents with Section 8 vouchers (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area, LOCATION, LOCATION, LOCATION. Each unit is designed for maximum affordability and optimized rental income. This development presents a ultra rare and immediate opportunity for developers to bring much-needed affordable housing to one of San Fernando Valley's most sought-after areas. BUYER TO VERIFY ALL!

6401 Whitman Ave, Lake Balboa

Courtesy of Keller Williams Hollywood Hills, Daniel Lalezari - CA DRE#01949474

$1,599,999

ACTIVE Status

Welcome to 6401 Whitman, a fully entitled 37 unit RTI( Ready to Issue) permit project perfect for Developers, Investors, Contractors, Builders ready to pull permits and start building right away. This SHOVEL READY 100% Affordable ED1 project in Lake Balboa featuring 37 units including a manager's office that can be converted into a unit, 19-1 bedroom, 18- studios across a Type V, four story, fully stacked designed which features all wood frame floors on a corner lot. This design has significant savings in construction costs and time maximizing the most units with significantly lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of San Fernando valley's vibrant and high demand areas, Lake Balboa is just minutes to Encino, Sherman Oaks, Van Nuys and the property located directly across the street to Woodley park which is considered a high resource area on the map. The property is also directly across the street to the Orange Line and the freeway, while major shopping stores like Super King and COSTCO are very close by as well. Due to its central location, the area is within top employment hubs and is easy access to Encino, it is a highly desirable and attractive area that has lots of brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area because of it just a walk across the street to the Metro/Orange Line, making this very walkable and bike friendly. The stackable design features 15,111 square feet of livable area and 16,780 square feet of buildable area with units ranging from 268- 338 sq ft Studios and 352 to 465 sq ft- One bedrooms. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 37 units would bring an estimated monthly gross income of $75,482 and yearly gross income of $905,784, or a buyer can look into achieving higher rents with Section 8 vouchers (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area, LOCATION, LOCATION, LOCATION. Each unit is designed for maximum affordability and optimized rental income. This development presents a ultra rare and immediate opportunity for developers to bring much-needed affordable housing to one of San Fernando Valley's most sought-after areas. BUYER TO VERIFY ALL!

6401 Whitman Ave, Lake Balboa

Courtesy of Keller Williams Hollywood Hills, Daniel Lalezari - CA DRE#01949474

$799,000

3 Beds ⋅ 3 Baths ⋅ ACTIVE Status

Located in a desirable gated community of just 10 homes in Lake Balboa, this well-maintained residence built in 2016 offers 3 bedrooms, 2.5 bathrooms, and 1,502 sq ft of thoughtfully designed living space. The home features a bright, open layout with a modern kitchen equipped with stainless steel appliances, ample cabinetry, and generous counter space ideal for both everyday living and entertaining. The living and dining areas are seamlessly connected to the kitchen, creating a functional and inviting main living space. The spacious bedrooms are designed for comfort and privacy, with the primary suite offering a luxurious ensuite bathroom and ample closet space. Additional highlights include a direct-access two-car garage with secure parking and extra storage. Ideally situated near parks, schools, shopping, dining, and major freeways, this home offers easy living in a prime Lake Balboa location.

16855 Balboa Ln, Van Nuys

Courtesy of Compass, Liubov Savoskin - CA DRE#02015017

$3,995,000

26 Beds ⋅ 25 Baths ⋅ ACTIVE Status

7356 Haskell Avenue presents an outstanding opportunity to acquire a well-maintained 21-unit multifamily investment in the heart of Van Nuys, one of the San Fernando Valley's strongest and most established rental markets. Situated on an approximate 17,011 SF LAR3-zoned corner parcel, the property consists of approximately 15,192 rentable square feet and features an attractive unit mix of four 2-bedroom/2-bath units, one 2-bedroom/1-bath unit, fifteen 1-bedroom/1-bath units, and one studio. The property offers investors immediate cash flow with significant upside through continued unit turnover and rental growth. Residents enjoy desirable amenities including a covered swimming pool, 21 on-site parking spaces (including an enclosed two-car garage), gated access, and on-site laundry facilities. Ownership has completed several major capital improvements, including the soft-story retrofit, updated electrical panels, plumbing repiping, electric water heaters in the units, and upgraded pool equipment, helping reduce future capital expenditures. Ideally located with convenient access to the 405 Freeway, major employment centers, public transportation, shopping, dining, and everyday conveniences. 7356 Haskell Avenue offers investors a rare combination of stable in-place income, value-add potential, and long-term appreciation in one of Los Angeles' most resilient multifamily submarkets. Buyer to verify all information deemed important. All data including square footage, lot size, room dimensions, and property boundaries are approximations only and should be independently verified by the buyer.

7356 Haskell Ave, Van Nuys

Courtesy of Keller Williams Los Angeles, Yitzy Davis - CA DRE#02075515

$2,550,000

10 Beds ⋅ 10 Baths ⋅ ACTIVE Status

Due to its construction in 1987, the property is not subject to Los Angeles rent control and instead allows for higher annual rent increases via AB 1482. Given its attractive 6.46% CAP Rate, the asset offers an investor both strong immediate cash flow as well as the opportunity to increase future income more rapidly without the restrictions of Los Angeles rent control. With spacious one-bedroom floorplans averaging approximately 875 square feet each, the property can more easily attract higher-paying tenants. Its array of desirable amenities, including central air/heat, private balconies, and on-grade garage parking, allow the building to achieve more premium rents than competing apartments in the local area. Several of the units have already been thoroughly upgraded, saving an owner from future renovation costs while providing a clear blueprint for remodeling the remaining apartments. Interior upgrades in renovated units include wood flooring, stone countertops, stainless steel appliances, recessed lighting, and new ceiling fans. The building does not appear on the Los Angeles Department of Building & Safety's seismic retrofit list, saving an investor from an otherwise costly maintenance expense. Located near the intersection of Sherman Way and Haskell Avenue, the property offers residents incredibly easy access to the 405 Freeway, connecting tenants to various job centers and retail destinations throughout the San Fernando Valley and Greater Los Angeles Metro area.

7437 Haskell Ave, Van Nuys

Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo - CA DRE#01357019

$899,000

4 Beds ⋅ 3 Baths ⋅ ACTIVE Status

Charming Lake Balboa Home with 4 spacious bedrooms and 2.5 bathrooms located in a desirable Cul De Sac! The double-door entry opens to a bright, airy space with an open floorplan with an abundance of natural light! Vaulted ceilings and large windows in the spacious living room, dining room, kitchen/den with stone stacked fireplace. Four bedrooms are upstairs and two full bathrooms. The primary features include a walk-in closet, more vaulted ceilings, an en suite bathroom Indoor/outdoor living is a great feature with concrete and stone detailed patios for outdoor entertaining. This home has well-maintained home is move in ready or a great to cosmetically update to make it your own. Attached two-car garage plus Owned Solar (owners have no electric bill, but bills are based on usage), located on a quiet cul-de-sac, but still close to coffee shops, restaurants, freeway access, and beautiful Lake Balboa Park.

7822 Goldmine Ln, Lake Balboa

Courtesy of Keller Williams Realty, Pat Bianchi - CA DRE#01893682

$849,000

3 Beds ⋅ 2 Baths ⋅ ACTIVE UNDER CONTRACT Status

Lake Balboa Jewel Situated on a quiet, beautifully maintained, tree-lined street in the heart of Lake Balboa, this updated residence perfectly blends mid-century charm with modern, versatile living. Inside, refinished original hardwood floors lead to a sunlit living room and an adjacent dining area with mid-century modern mahogany built-ins and an oversized adjacent laundry room. The kitchen and both bathrooms have been thoughtfully refreshed with new countertops, flooring, and fixtures throughout. Beyond the main house, the property features incredible premium upgrades, including a garage that has been transformed into a fully finished, versatile bonus living spaceideal for a studio, home office, gym, or guest suite. The private yard has been reimagined into an entertainer's retreat featuring a brand-new Salt Water pool and spa with multi colors, controlled with an app, surrounded by greenery, beautifully complemented by low-maintenance, drought-tolerant front landscaping, and a brand new Air Conditioning System. Located within walking distance to Stagg Street Elementary, this turnkey home offers ultimate convenience with proximity to CSUN, freeways, dog parks, dining, and shopping.

7960 Aldea Ave, Van Nuys

Courtesy of Fara Salamat, Fara Salamat - CA DRE#00867268

$1,350,000

8 Beds ⋅ 5 Baths ⋅ ACTIVE Status

An exceptional opportunity to acquire 6504 Woodley Avenue, a well-maintained 4-unit apartment community located in the heart of Lake Balboa one of the San Fernando Valley's most sought-after and supply-constrained rental markets. Built in 1953 and coming to market for the first time in 63 years, the property has served as the seller's primary residence and reflects true pride of ownership, with consistent upkeep resulting in a building that is in exceptional overall condition. With two vacant, move-in-ready units, the offering presents an excellent opportunity for immediate lease-up or an owner-user seeking flexible occupancy.Situated on a 7,257 square foot lot, the property totals 3,720 square feet of gross building area. The asset features a favorable unit mix of two (2) two bedroom, one bath units, one (1) two bedroom, two bath unit, and one (1) two bedroom, two bath large unit averaging 1,200 square feet. Parking includes three (3) covered garage spaces and two (2) gated spaces. Current rents average $1,984 for the two bedroom, one bath units, $1,730 for the two bedroom, two bath unit, and $2,850 for the large two bedroom, two bath unit, generating a scheduled monthly rent of $8,547 and scheduled yearly rent of $102,564.As a 1953 construction, the property is subject to the Los Angeles City Rent Stabilization Ordinance (RSO), which governs allowable annual rent increases and tenant protections. The two vacant units represent a near-term opportunity to reset rents to current market levels, providing a meaningful avenue for income growth within the RSO framework.Lake Balboa's enduring residential appeal further strengthens the investment profile of 6504 Woodley Avenue. The neighborhood is widely recognized for its tree-lined streets, well-kept single-family and multifamily stock, and strong community identity offering a suburban sense of calm with convenient access to the broader Valley. The property is surrounded by respected local schools including Bassett Street Elementary, William Mulholland Middle School, and High Tech Los Angeles, and sits just moments from the open green spaces of Woodley Avenue Park and Woodley Park, adding to its long-term desirability for families and renters alike. Proximity to major employment corridors along Sepulveda Boulevard and the 405 and 101 freeway interchanges ensures consistent rental demand from commuters across the region.With its prime Lake Balboa location, favorable unit mix, two vacant lease-up units, and strong in-place income, 6504 Woodley Avenue presents a compelling opportunity for investors and owner-users alike seeking a stable, pride-of-ownership asset in one of the San Fernando Valley's most competitive and enduring residential submarkets.

6504 Woodley Ave, Van Nuys

Courtesy of CBRE, John Boyett - CA DRE#02056759

$925,000

4 Beds ⋅ 3 Baths ⋅ ACTIVE Status

Don't miss this opportunity to own two homes on one lot in the highly sought after community of Lake Balboa! Includes large, newly renovated 3 bedroom and 2 bath house with fully permitted 1 bedroom ADU. Perfect for large families, or live in one and rent out the other to supplement your mortgage. Both properties have their own addresses and are permitted for separate electric and gas meters. The traditional 3 bedroom, 2 bath home has beautiful modern finishes, offers central AC and heat, newer flooring and fully renovated bathrooms & kitchen. Main house has all new stainless steel appliances. Large landscaped front and back yards with recently added sprinklers. No expense was spared in renovating this house. The ADU is 1 bedroom and 1 bath with a living area,full kitchen, and separate bedroom, AC/heat, and dishwasher. Property is tenant occupied but could be delivered vacant

17209 Stagg St, Van Nuys

Courtesy of The Agency, Marcus Kassin - CA DRE#01216904

$349,000

2 Beds ⋅ 2 Baths ⋅ ACTIVE UNDER CONTRACT Status ⋅ Montecito Garden BLDG.

PRICE TO SELL NOW. Huge price reduction to sell! The seller has paid all current mandatory special assessments in full. This is a great opportunity to get a 2-bedroom home at an attractive price. Construction will be completed. The property will be sold as-is, which is why the price was reduced. Please submit a clean offer. The building is currently undergoing renovations and is expected to be upgraded into a more modern and attractive community. Now vacant and ready for immediate move-in! This upgraded and affordable condo offers great value for both owner-occupants and investors. The unit features a bright living room, dining area, and an updated kitchen. The primary bedroom includes a walk-in closet. Enjoy the convenience of an in-unit washer and dryer and central HVAC. The unit also includes two parking spaces. The building is undergoing improvements, which may add future value for the new owner. Community amenities include a gym, pool, and sauna. Excellent location near Lake Balboa, shopping centers, restaurants, and easy freeway access. Move-in ready.

7045 Woodley Ave Unit 110, Van Nuys

Courtesy of Keller Williams Beverly Hills, Won Mo - CA DRE#02207272

Start Your Search

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).