Lake Balboa Homes with Walk Street View

Lake Balboa Homes with Walk Street View

Welcome to Lake Balboa, a hidden gem nestled in the heart of Los Angeles County, California. Known for its serene atmosphere and picturesque landscapes, Lake Balboa offers residents a unique blend of suburban tranquility and urban convenience. The region is characterized by its lush parks, vibrant community, and a stunning lake that serves as the centerpiece of outdoor activities and relaxation.

One of the standout features of Lake Balboa is its charming residential neighborhoods, many of which boast homes with walk street views. Imagine stepping out of your front door to a beautifully landscaped street, where you can take leisurely strolls, engage with friendly neighbors, and soak in the scenic surroundings. These walk street views not only enhance the aesthetic appeal of the area but also promote a sense of community and connection.

In Lake Balboa, you'll find a diverse range of homes, from cozy single-family residences to modern townhouses, catering to various lifestyles and preferences. The real estate market here is thriving, making it an ideal location for first-time buyers, families, and retirees alike. With easy access to major highways, public transportation, and local amenities, residents enjoy the perfect balance of peaceful living and urban excitement.

Whether you're looking to explore the nearby parks, indulge in local dining experiences, or simply enjoy the beauty of the outdoors, Lake Balboa has something for everyone. Discover your dream home in this enchanting community, where walk street views and a vibrant lifestyle await you!

Newest Lake Balboa Homes with Walk Street View

$1,195,000
3 Beds ⋅ 3 Baths ⋅ ACTIVE Status
A RARE, FULLY VACANT TWO-RESIDENCE INCOME PROPERTY WITH PROJECTED COMBINED RENT OF APPROXIMATELY $7,390 PER MONTH. No existing tenants, no existing leases, and no waiting for units to become available. The next owner can select tenants, establish rents, and put both residences to work immediately. Offered at $1,195,000 with projected annual gross income of approximately $88,680, the investment calculates to a 13.48 pro forma GRM and an estimated 5.2% pro forma cap rate based on projected rents and expenses. The property combines a substantially renovated 2-bedroom, 2-bath main residence with a permitted, NEW-CONSTRUCTION 1-bedroom, 1-bath ADU with private access and its own outdoor area. The main residence also features a former third bedroom with a closet, now configured as a flexible work, office, den, or podcasting space, an especially useful feature for today's work-from-home lifestyle. Major improvements include plumbing, electrical, HVAC, sewer to ADU, tankless water heater, pool finish, landscaping, gates, driveway, and more. Projected rents are approximately $4,895/month for the main residence and $2,495/month for the ADU. The seller may be willing to install utility submetering as negotiated with the buyer. Additional features include a private swimming pool, multiple outdoor areas, and off-street parking for up to three vehicles. For an investor, this is an opportunity to acquire two improved residences completely vacant and establish a rental program from a clean slate. For an eligible owner-occupant, the property may also offer the opportunity to live in one residence, rent the other, and explore low-down-payment FHA or VA financing, with qualifying ADU income potentially considered by the lender, subject to applicable program requirements. Projected rental income, NOI, GRM, and cap rate are pro forma estimates only and should be independently verified by the buyer and their agent.

7530 & 7532 Gaviota Ave, Los Angeles

Courtesy of Epique Realty, Roddy de la Garza - CA DRE#01995374

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