Lake Balboa Homes under $1 million

Welcome to Lake Balboa, a hidden gem nestled in the heart of Los Angeles County, California. This vibrant neighborhood is renowned for its picturesque parks, serene lakes, and a welcoming community atmosphere, making it an ideal destination for families, young professionals, and retirees alike. With its lush green spaces, including the expansive Lake Balboa Park, residents can enjoy outdoor activities such as picnicking, jogging, and boating, all while soaking in the beautiful Southern California sunshine.

Lake Balboa's convenient location offers easy access to major freeways, making commutes to downtown Los Angeles and the San Fernando Valley a breeze. The neighborhood is also surrounded by a wealth of amenities, including shopping centers, dining options, and highly-rated schools, ensuring that residents have everything they need right at their fingertips.

For those seeking affordable housing options without compromising on quality, Lake Balboa presents an exciting opportunity. With homes available under $1 million, buyers can find charming single-family residences, modern condos, and spacious townhomes that cater to a variety of lifestyles. Many properties feature beautiful outdoor spaces, perfect for entertaining or simply unwinding after a long day.

Whether you're a first-time homebuyer or looking to invest in a thriving community, Lake Balboa offers a unique blend of affordability, accessibility, and charm. Discover your dream home in this enchanting neighborhood and experience the best of California living in Lake Balboa!

Newest Lake Balboa Homes under $1 million

$720,000

2 Beds ⋅ 1 Baths ⋅ ACTIVE Status

This adorable 2-bedroom, 1-bath home offers a beautifully redesigned living space with thoughtful upgrades throughout. Move-in ready and full of charm, this inviting little blue house is the perfect alternative to renting or condo living. Step inside to discover new flooring in the living room, creating a warm and welcoming space to unwind. The remodeled kitchen blends style and functionality with updated finishes, a stainless steel stove, and a premium Bosch dishwasher, making everyday living both comfortable and convenient. Major improvements have already been completed, including copper plumbing and new Milgard dual-glazed windows for added efficiency, comfort, and peace of mind. Outside, the expansive lot offers endless possibilities for gardening, entertaining, expansion, or simply enjoying your own private outdoor space. A covered porch area creates the perfect setting for relaxing evenings or weekend gatherings with family and friends. Why share walls or pay HOA fees when you can enjoy the privacy and freedom of owning your own home? With its character, updates, oversized lot, and potential for an ADU, this charming property offers a rare opportunity to own a detached home that truly feels like your personal retreat.

7444 Oak Park Ave, Van Nuys

Courtesy of Compass, Karen Menjivar - CA DRE#01821901

$535,000

2 Beds ⋅ 3 Baths ⋅ ACTIVE Status ⋅ Balboa Park West Villas HOA BLDG.

Beautifully updated multi-level townhome-style residence offering a spacious, open-concept floor plan, private direct-access two-car garage, multiple balconies and resort-style community amenities in a desireable Van Nuys location near the Encino border and Lake Balboa. Enter through the gated community and enjoy the convenience of a private two-car garage with stackable washer and dryer and direct interior access. The lower level includes a versatile bonus area ideal for additional storage, a home office, fitness area or flexible-use space. The main living level opens to a bright and inviting living, dining and kitchen area featuring light wood-look-flooring, crown molding and recessed lighting throughout. A striking white brick fireplace with mantel creates a beautiful focal pont in the living room, while sliding doors open to a private balcony overlooking the community grounds and pool area. The updated kitchen features abundant cabinetry, dark stone-style countertops, decorative tile backsplace, stainless steel farmhouse-style sink and stainless steel appliancees, including an LG dishwasher and gas range. A convenient powder room and coat closet complete the main living level. Upstairs are two generously sized bedrooms and two additional bathrooms. The larger bedroom features crown molding, ample closet space and access to a private balcony with elevated neighborhood and community views. The beautifully updated hall bathrom showcases marble-look tile, a deep soaking tub, contemporarary vanity, recessed lighting and a Bio Bidet toilet. The second bedroom features its own en-suite bathroom with wood-look tile, frameless glass shower enclosure, contemporary floating vanity and an impressive multi-function shower system with overhead rainfalll shower system with overhead rainfall shower and multiple body sprays. Additional highlights include central HVAC, extensive recessed lighting, crown molding, updated flooring, contemporary bathroom finished and multiple private outdoor spaces. Enjoy the community swimming pool and spa surrounded by lounge seating and outdoor tables, along with a convenient pool-area restroom and shower. With its gated setting, direct-access two-car garage, beautifully updated kitchen and bathrooms, fireplace, multiple balconies, flexible bonus space, pool and spa, this residence offers an exceptional combination of comfort, convenience and Southern California living.

6840 Balboa Blvd Unit 507, Los Angeles

Courtesy of MATT ROTH, Matt Roth - CA DRE#01153470

$949,000

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. Main house is tenant occupied but will be delivered vacant on 12/1/2026

17209 Stagg St, Van Nuys

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

$1,000,000

3 Beds ⋅ 3 Baths ⋅ ACTIVE Status

Beautifully maintained Lake Balboa home on an approximately 10,907 sq ft lot double lot. Featuring 2 bedrooms plus a versatile den, 2.5 bathrooms, spacious living areas, updated kitchen, hardwood floors, solar panels, and central HVAC. The private backyard offers mature landscaping and multiple patios for entertaining. Prime location near Lake Balboa Park, shopping, dining, Costco, and the 405. Call or text for a private showing today!

15719 Vose St, Los Angeles

Courtesy of EstateX inc., Hosh Maha - CA DRE#02131447

$965,000

4 Beds ⋅ 3 Baths ⋅ ACTIVE Status

This sweet property on Enadia Way in Lake Balboa offers a rare combination of flexibility, privacy, and income potential. In the front part of the lot sits a single-family house while the back area features a permitted ADU. The charming 3-bedroom, 2-bath home has a back covered patio, fenced-yard, and inside laundry room; while the 1-bedroom, 1-bath ADU has a patio, fenced-yard and stacked washer/dryer. The home is situated on a quiet cul-de-sac near the Van Nuys/Lake Balboa border, within an established, tree-lined neighborhood that offers convenient access to the 405, valley airports, shopping, dining, recreation (golf), and other amenities. The approximately 1,268-square-foot front home has central HVAC, two fireplaces, and was recently painted and reroofed. The back one-bedroom house is cooled/heated by a mini-split HVAC system and provides private access from the driveway. The property is thoughtfully configured for independent living, with separately metered electricity and utility infrastructure, allowing each household to pay its respective utilities. The lot is approximately 5,500-square-feet and the two residences provide separation for individualized living while also the benefit of rental income, room for extended family or guests, or the opportunity to maintain both residences as income property. With individual addresses plus privacy the ideal setup has been created for an owner-occupant seeking supplemental rental income. Both residences are currently tenant-occupied, providing immediate income for an investment buyer. The front residence was recently leased ($3,321), and the ADU is currently occupied on a month-to-month basis ($1,818). The property has maintained consistent occupancy throughout the sellers' ownership after purchasing it as their LA home. Private group showings of the single-family can be scheduled with a minimum of 48-hours' notice. Photos are digitally enhanced/staged.

15905 Enadia Way, Los Angeles

Courtesy of Christie's International Real Estate SoCal, Susan K. Sanford - CA DRE#01965277

$799,000

3 Beds ⋅ 1 Baths ⋅ ACTIVE Status

Welcome to 6531 Hayvenhurst Avenue, a charming and recently upgraded 3-bedroom, 1-bathroom home offering approximately 1,126 square feet of living space in the desirable Lake Balboa neighborhood, just steps from Lake Balboa Park. One of the lowest-priced homes in Lake Balboa, this well-maintained property features hardwood flooring, abundant natural light, and ceiling fans throughout.The updated kitchen offers white cabinetry, stone-style countertops, stainless-steel appliances, and modern flooring, while the renovated bathroom features a contemporary vanity and updated finishes. A dedicated laundry area with a washer and dryer provides added convenience.The spacious backyard includes a large patio area, mature trees, and a separate detached garage or accessory structure with potential for parking, storage, a workspace, or future use, subject to buyer verification and applicable approvals. The property will be delivered vacant, presenting an excellent opportunity for an owner-user or investor. Buyer to conduct their own due diligence and independently verify all property details.

6531 Hayvenhurst Ave, Los Angeles

Courtesy of Lyon Stahl Investment Real Estate, Inc., David Saghian - CA DRE#01992252

$849,000

3 Beds ⋅ 2 Baths ⋅ ACTIVE Status

8015 Aldea Ave is a 1-story Los Angeles home built in 1952 with three bedrooms and two bathrooms across 1,340 square feet. The kitchen includes stainless steel appliances, a tile backsplash, and ample cabinetry with counter space for meal preparation. The main living area features wood-look flooring and a sliding door that brings in natural light and connects to the outdoors. Each bedroom offers carpeted flooring, and the bathrooms provide a vanity with a combined tub and shower for daily use. A fully fenced backyard with a concrete patio and a laundry room add everyday utility, while a two-car garage completes this well-maintained residence with practical amenities throughout every room. Included 100-Day Home Warranty with buyer activation

8015 Aldea Ave, Los Angeles

Courtesy of Opendoor Brokerage Inc., Lisa Soltesz - CA DRE#02280080

$899,000

3 Beds ⋅ 2 Baths ⋅ ACTIVE UNDER CONTRACT Status

Cul-de-Sac Gem with Assumable 3.125% Loan ! Welcome home to 7550 Ruffner Ave, a beautifully remodeled 3-bedroom, 2-bath retreat tucked on a quiet cul-de-sac just moments from Lake Balboa, Sherman Oaks, and an easy commute to the Westside. This home blends thoughtful updates with everyday livability and comes with a financial edge that's rare in today's market. Step inside to a large, open family floor plan filled with natural light, ideal for both everyday living and entertaining. French doors lead seamlessly from the living space to the backyard, blurring the line between indoor and outdoor living. The remodeled kitchen and living areas flow effortlessly into a spacious layout designed for modern life. The master suite is a true retreat, featuring a fireplace, spa-inspired bath with a large marble-tiled shower and separate water closet for added privacy. Two additional bedrooms and a second full bath round out the interior. Car enthusiasts, hobbyists, and entrepreneurs will love the detached 2-car garage, a standout feature built for serious use. It's equipped with two AC units, its own dedicated 100-amp sub panel, and a commercial-grade exhaust fan, making it perfect for a workshop, studio, or future ADU conversion. The real showstopper: this home comes with an assumable loan of approx. $550,000 at just 3.125% interest, locked in for the next 26 years. In today's rate environment, qualified buyers can step into a payment far below what a new loan would cost. This home allows assumption, making it one of the lowest monthly mortgage payments available on any comparable home in the area. This is a rare opportunity to combine a beautifully updated home with an unbeatable financing advantage. Don't miss your chance to own a move-in-ready home in a prime location with a loan that could save you hundreds per month. Schedule your private showing today. **OFFERS REQUESTED/DUE BY 8/25 AT 12:00PM**

7550 Ruffner Ave, Van Nuys

Courtesy of Beverly & Company Luxury Properties, Cesar Leyva - CA DRE#01490664

$799,000

3 Beds ⋅ 3 Baths ⋅ ACTIVE UNDER CONTRACT 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

$315,000

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

Huge price reduction to sell now. 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

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