Lake Balboa Real Estate

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 in TIER 7 of the Section 8 Voucher Standards and in a High Resource area. 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 that is a currently a vacant land. 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. There is also an opportunity to purchase the neighboring property and get close to almost 12,000 square feet on a double lot. 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). The most recent new Section 8 Voucher payment standards has this property and Zip code considered a TIER 7 with 1 bd priced at $2,370 and Studios at $2,110. 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

$1,499,999

26104722 MLS

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 in TIER 7 for Section 8 Voucher Standards and in a High Resource area. 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 that is a currently a vacant land. 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. There is also an opportunity to purchase the neighboring property and get close to almost 12,000 square feet on a double lot. 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). The most recent new Section 8 Voucher payment standards has this property and Zip code considered a TIER 7 with 1 bd priced at $2,370 and Studios at $2,110. 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

$1,499,999

26104722 MLS

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 in TIER 7 for Section 8 Voucher Standards and in a High Resource area. 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 that is a currently a vacant land. 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. There is also an opportunity to purchase the neighboring property and get close to almost 12,000 square feet on a double lot. 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). The most recent new Section 8 Voucher payment standards has this property and Zip code considered a TIER 7 with 1 bd priced at $2,370 and Studios at $2,110. 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 Avenue, Lake Balboa

Listing courtesy of Listing Agent: Daniel Lalezari (Dlalezari@gmail.com) from Listing Office: Keller Williams Hollywood Hills.

$1,499,999

37 Beds ⋅ 37 Baths ⋅ 26104721 MLS

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 in TIER 7 of the Section 8 Voucher Standards and in a High Resource area. 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 that is a currently a vacant land. 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. There is also an opportunity to purchase the neighboring property and get close to almost 12,000 square feet on a double lot. 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). The most recent new Section 8 Voucher payment standards has this property and Zip code considered a TIER 7 with 1 bd priced at $2,370 and Studios at $2,110. 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 Avenue, Lake Balboa

Listing courtesy of Listing Agent: Daniel Lalezari (Dlalezari@gmail.com) from Listing Office: Keller Williams Hollywood Hills.

$949,900

3 Beds ⋅ 2 Baths ⋅ SR26227621 MLS

Welcome to this beautifully reimagined Lake Balboa residence, thoughtfully redesigned with modern finishes and a warm, inviting feel. Expansive windows and sliding glass doors fill the home with natural light, while the open concept layout seamlessly connects the kitchen, living, and dining areas, ideal for everyday living and entertaining. The spacious primary suite features a private bathroom with a walk in shower and elegant vanity, while two additional rooms offer flexibility for guests or a home office. Step outside to an expansive backyard featuring a sprawling lawn, spacious patio, and lush landscaping, creating the perfect setting for outdoor dining, relaxation, and entertaining. A beautifully landscaped front yard and extended driveway enhance the home's curb appeal, while the detached garage presents an exciting opportunity for a future ADU, home office, gym, or studio.

17200 Lanark Street, Lake Balboa

Listing courtesy of Listing Agent: Daniel Ohana (daniel.ohana@yahoo.com) from Listing Office: The Agency.

$899,000

4 Beds ⋅ 3 Baths ⋅ SR26225822 MLS

This is a Short Sale. This lovely 2,525-square-foot home, constructed in 2007 in Van Nuys, offers 4 bedrooms and 3 bathrooms. The expansive primary suite includes an 18'x18' bedroom with two walk-in closets, dual sinks, a separate shower, and a soaking tub. A versatile downstairs bedroom is ideal for guests or a home office. The residence is equipped with modern conveniences like a dedicated laundry room, a two-car garage, and smart home features such as customized lighting, a smart lock, thermostat, and security cameras. Entertainment is enhanced by built-in surround sound speakers and a gas fireplace. Outdoors, the property boasts drought-tolerant ficus trees, a vertical garden, a strawberry patch, and a raised garden bed with an automatic watering system. Designed for privacy, this home is perfect for both indoor and outdoor entertaining. Make sure to come see.

7129 Forbes Avenue, Lake Balboa

Listing courtesy of Listing Agent: Nairy Stepanyan (nairystepanyan@gmail.com) from Listing Office: Coldwell Banker Hallmark Realty.

$925,000

3 Beds ⋅ 2 Baths ⋅ 26102697 MLS

Sellers have found their next home! Welcome to 17109 Burton street, a fully remodeled Lake Balboa dream home. Where modern style meets effortless California living. This spacious, beautifully upgraded pool home is ready for your growing family. Featuring featurin modern finishes, and newer systems throughout. Enjoy abundant and functional outdoor space both in the gated front yard and private backyard retreat - perfect for entertaining, relaxing, and enjoying LA living, year - round. Lastly, the finished garage completes your home with sleek and stylish epoxy finished flooring, perfect for your tail gate sports days, and more.

17109 Burton St, Lake Balboa

Courtesy of The Agency, Mercedeh Javid - CA DRE#01339234

$925,000

3 Beds ⋅ 2 Baths ⋅ 26102697 MLS

Sellers have found their next home! Welcome to 17109 Burton street, a fully remodeled Lake Balboa dream home. Where modern style meets effortless California living. This spacious, beautifully upgraded pool home is ready for your growing family. Featuring featurin modern finishes, and newer systems throughout. Enjoy abundant and functional outdoor space both in the gated front yard and private backyard retreat - perfect for entertaining, relaxing, and enjoying LA living, year - round. Lastly, the finished garage completes your home with sleek and stylish epoxy finished flooring, perfect for your tail gate sports days, and more.

17109 Burton Street, Lake Balboa

Listing courtesy of Listing Agent: Mercedeh Javid (Mercedesj@theagencyre.com) from Listing Office: The Agency.

$1,095,000

3 Beds ⋅ 2 Baths ⋅ SB26223476 MLS

Step into your forever home in Lake Balboa, a gated property filled with natural light, featuring skylights, a waterfall quartz island, and a vaulted primary suite. A remote operated black iron gate opens to a wide driveway for about three vehicles. A brick herringbone porch welcomes you inside. The open concept layout has updated flooring in the living areas and bedrooms, recessed lighting throughout, and central air conditioning. The kitchen is made for entertaining, with a gas cooktop, island hood vent, farmhouse sink, shaker cabinets, stainless steel appliances, and a walk in pantry. The primary suite features a fireplace, two closets, and a bathroom with a new dual vanity and a skylight over the shower. The second bathroom is fully renovated and features a walk in shower with a sleek, fixed single glass panel. The laundry area has cabinets above and below. The washer and dryer are included. The converted garage adds flexible space with flooring, recessed lighting, and central air, and the original garage door remains (unpermitted conversion, not included in the stated living SqFt). Outside, lush St. Augustine lawns enhance both the front and backyard, while ficus hedges with drip irrigation complement the front landscaping. A guava tree grows in front and a growing avocado tree in back, and a paver patio sits off the living room. Roughly a mile from Lake Balboa Park, with Louise Park and neighborhood cafes even closer, this move in ready home delivers style, comfort, and value in the heart of Lake Balboa.

16912 Marlin Place, Lake Balboa

Listing courtesy of Listing Agent: Arturo Vivar (asvivar213@gmail.com) from Listing Office: Anthem Real Estate Group.

$869,000

3 Beds ⋅ 2 Baths ⋅ SR26221359 MLS

First time on the market in over 60 years! This well-loved home has 3 bedrooms, 2 baths, an enclosed sun patio and a pool too! There is a custom kitchen with built-in breakfast bar, a private primary suite with a dressing area, and plenty of storage throughout. There are hardwood floors, central air & heat, a 2-car garage, and indoor laundry. The back yard invites family gatherings and pool parties! Move right in or update to add value. Located in a quiet neighborhood, but close to the convenience of Lake Balboa & Woodley parks, the new baseball fields, golf courses, the dog park, and transportation.

17640 Kittridge Street, Lake Balboa

Listing courtesy of Listing Agent: Jill Fischer-Politz (jill@jillfischer.com) from Listing Office: The One Luxury Properties.

$765,000

3 Beds ⋅ 2 Baths ⋅ SR26220302 MLS

Newly refreshed interiors, generous gathering spaces, and a tree-shaded backyard make this Lake Balboa home an inviting opportunity to settle in and make it your own. Offered for the first time since the family purchased it more than 50 years ago, this longtime family home is ready to become the backdrop for a new generation of memories. Tucked away on a cozy, non-through street, the home offers 3 bedrooms and 2 bathrooms across nearly 1,900 sq ft on a 6,752 sq ft lot. Classic character is paired with fresh interior paint, dual-pane windows, central heating & air, new carpeting, and new wide-plank vinyl flooring in the kitchen and laundry room. White vinyl fencing frames the front yard, with a pedestrian gate leading to a covered porch and a matching driveway gate completing the enclosed frontage. Inside, the formal living room features crown molding and plantation shutters, flowing through a formal dining room with built-in cabinetry into an expansive family room. A corner fireplace with a natural stone surround and raised hearth anchors this comfortable gathering space, while sliding glass doors connect it to the backyard for easy indoor-outdoor entertaining. The kitchen offers white cabinetry, a gas range, and a bright breakfast nook that provides everyday dining space or possibilities for a future kitchen redesign. Three comfortably sized bedrooms include a spacious primary with a full en-suite bathroom and dual-sink vanity; a full hall bathroom serves the additional bedrooms. Outdoors, a broad covered patio creates room for dining and lounging, while mature trees and an ample yard offer space to garden, play, or create a personalized outdoor retreat. A detached two-car garage and leased solar panels complete the property. Enjoy Lake Balboa’s established residential setting, local shopping and dining, and access to the 101 and 405 freeways, with Lake Balboa Park and the Sepulveda Basin’s walking paths, bike routes, and recreation areas adding to the neighborhood’s appeal. With refreshed finishes and room to evolve, this home offers a comfortable starting point for your next chapter.

16819 Wyandotte Street, Lake Balboa

Listing courtesy of Listing Agent: Stephanie Vitacco (stephanie@teamvitacco.com) from Listing Office: Equity Union.

$998,000

3 Beds ⋅ 3 Baths ⋅ P1-29192 MLS

Delightful 3 bed + loft, 3 bath home offering 2,359 sq ft of bright, open living space in a desirable gated Lake Balboa community with low HOA dues. Built in 2016 and featuring the largest floor plan in the community, this stylish home enjoys a prime corner location offering added privacy and convenient access.A welcoming entry opens to the expansive main living area, where 9-foot ceilings, warm wood-look flooring, and abundant windows create a light-filled, inviting atmosphere. Motorized window shades provide effortless privacy and light control. The spacious great room seamlessly connects the living, dining, and kitchen areas, creating the perfect setting for relaxed everyday living and effortless entertaining. At the heart of the home, the beautifully appointed kitchen offers rich wood cabinetry, stone countertops, stainless-steel appliances, including a 5-burner range, and generous storage and prep space. A large center island with breakfast bar and stylish pendant lighting provides a natural gathering place for morning coffee, casual meals, and conversation. Upstairs, a versatile loft offers valuable additional living space, ideal for a home office, family room, fitness area, or possible fourth bedroom conversion. The spacious primary suite serves as a peaceful retreat, complete with a separate sitting room, walk-in closet, and ensuite bath featuring an expansive dual vanity, soaking tub, separate glass-enclosed shower, and private water closet. Two generously sized secondary bedrooms include one with a walk-in closet and another with a custom Murphy bed, offering added flexibility for guests or a home office. The thoughtfully designed secondary bath features dual vanities separated from the tub/shower area, making busy mornings a breeze. A dedicated laundry room and additional built-in storage at the landing complete this well-planned upper level. Outside, the private, low-maintenance yard invites you to enjoy Southern California living, with attractive interlocking pavers, artificial turf, and manicured landscaping--perfect for morning coffee, weekend barbecues, or relaxing evenings at home. Additional highlights include an attached 2-car garage with direct access and EV charger hookup. Ideally situated near Lake Balboa Park, Balboa Sports Center, and the Sepulveda Wildlife Reserve, the home offers easy access to hiking, biking, and outdoor recreation. Convenient proximity to the 101 and 405 freeways keeps everything Los Angeles has to offer.

17326 Parque Vanowen Way, Lake Balboa

Listing courtesy of Listing Agent: Norman Kawaguchi (normkawaguchi@gmail.com) from Listing Office: BHHS California Properties.

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