Lake Balboa Homes with Walk Street View

Lake Balboa Homes with Walk Street View

Welcome to the vibrant neighborhood of Lake Balboa in Van Nuys, California. Located in the heart of the San Fernando Valley in Los Angeles County, Lake Balboa offers residents a perfect blend of suburban tranquility and urban convenience.

One of the unique features of homes in Lake Balboa is the Walk Street View. Imagine starting your day with a leisurely stroll along tree-lined streets, enjoying the fresh California breeze and the picturesque views of the neighborhood. With homes boasting this sought-after feature, residents have the opportunity to embrace a healthy and active lifestyle right outside their doorstep.

Lake Balboa is known for its beautiful parks, including the namesake Lake Balboa Park, where locals can enjoy picnics, paddle boating, and peaceful walks around the lake. The neighborhood also offers easy access to the 80-acre Sepulveda Basin Recreation Area, providing ample green space for outdoor activities.

With a variety of dining options, shopping centers, and entertainment venues nearby, Lake Balboa truly has something for everyone. Whether you're a nature enthusiast, a foodie, or a culture seeker, this neighborhood has it all.

Come and experience the charm of Lake Balboa, where homes with Walk Street View offer a unique opportunity to live in a community that values both relaxation and convenience. Don't miss out on the chance to call Lake Balboa home!

Newest Lake Balboa Homes with Walk Street View

$1,195,000
3 Beds ⋅ 3 Baths ⋅ 26943911 MLS
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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Based on information from CRISNet MLS as of 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.