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$875,000
3 Beds 2 Baths SR26045789 MLS
Welcome to 6820 Jellico Avenue. Situated on a large lot in the highly sought-after Lake Balboa area, this property offers both comfort today and exciting possibilities for the future. The home has undergone extensive upgrades, including new electrical wiring with a 200-amp panel, a new sewer line, a new main water line, and fully updated plumbing for both supply and drainage systems. A new 3-ton HVAC system with heat pump and a tankless water heater ensure year-round comfort and improved energy efficiency. The kitchen is a true centerpiece, featuring custom wood cabinetry, quartz countertops, brand-new stainless steel smart appliances, and LED dimmable recessed lighting that creates a warm and inviting atmosphere. The living area is enhanced by a decorative wood-burning fireplace, while a Nest smart thermostat provides modern climate control. For electric vehicle owners, a 220V EV charging outlet is already installed. Adding tremendous value and future potential, the property includes paid permits for an 800 sq. ft., 2-bedroom, 2-bathroom ADU, making it shovel-ready for construction. The fully finished detached garage also presents an excellent opportunity for potential conversion into an additional dwelling. With the existing home, the approved ADU, and the potential garage conversion, the property offers the possibility to become a three-unit compound - ideal for generating rental income to help offset the mortgage or creating a comfortable multi-generational living environment. Combining modern upgrades, generous lot size, and outstanding development potential, this home represents a rare opportunity in one of Lake Balboa's most desirable neighborhoods.

6820 Jellico Avenue, Lake Balboa

Listing courtesy of Listing Agent: Lilith Berko (lilitberko@gmail.com) from Listing Office: JohnHart Real Estate.

$349,000
2 Beds 2 Baths 26658161 MLS
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 Avenue Unit 110, Van Nuys

Listing courtesy of Listing Agent: Won Mo (mojayden9@gmail.com) from Listing Office: Keller Williams Beverly Hills.

$429,000
2 Beds 3 Baths SR26016889 MLS
Welcome to 7045 Woodley Ave, Unit 124 — a rare Lake Balboa offering featuring two en-suite bedrooms, each with its own full bathroom, plus a convenient half bath on the main living level. This thoughtfully designed tri-level townhome offers over 1,000 square feet of flexible living space. One of only a limited number of units in the community with direct-access garage entry, this home includes a 2-car attached garage with a bonus storage room. The community is currently undergoing extensive upgrades, including improvements to the garage, balconies, pool/spa, exterior, common areas, and roof. Amenities include a pool and sauna. Priced within a value range of $399,000–$469,000, this property presents a unique opportunity. Seller may offer flexible options regarding the existing HOA special assessment, depending on the terms of the offer. Centrally located near the 405 freeway with convenient access to shopping, dining, and recreation. Buyer to independently verify all information.

7045 Woodley Avenue Unit 124, Lake Balboa

Listing courtesy of Listing Agent: Filip Crispino (filipcrispinossd@gmail.com) from Listing Office: Keller Williams Luxury.

$2,495,000
SR23163447 MLS
MAJOR PRICE IMPROVEMENT – Reduced by $200,000! Exceptional investment opportunity offering one of the lowest prices at just $426 per sq. ft. and an impressive 6% Cap Rate. This premier 3-year-old modern income property in Lake Balboa consists of four units across two addresses (6843 & 6845 Haskell Ave.) and is fully leased with over $170,000 in annual rental income. Property configuration: • Front residence: 3-bedroom, 4-bath home with an attached 1-bedroom, 1-bath ADU • Rear duplex: Two spacious units, each offering 4 bedrooms and 4 bathrooms Designed for low-maintenance ownership, each unit features high-end finishes including quartz countertops, stainless steel appliances, in-unit washer and dryer, smart locks, Nest thermostats, security cameras, fire sprinklers, and dual-pane windows. A centralized network system provides free Wi-Fi, security camera connectivity, and hardwired Ethernet access to every unit, adding value for both owners and tenants. Additional highlights include: • Fully leased with strong, stable cash flow • No rent control • Gated property with 6 on-site parking spaces • Separate gas, electric meters, and electrical panels • Individual solar systems for each primary unit • Modern construction with low maintenance costs Ideally located near major freeways, shopping, dining, and employment centers, this is a rare opportunity to acquire a high-performing, newer construction asset at one of the best values on the market. Please see the Supplements for the detailed Cap Rate analysis.

6845 Haskell Avenue, Lake Balboa

Listing courtesy of Listing Agent: Bijan Kamrava (bijan@kamrava.com) from Listing Office: Bijan Team Realty.

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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.