Lake Balboa Real Estate

Welcome to Lake Balboa, a hidden gem nestled in the heart of the San Fernando Valley in Los Angeles County, California. This vibrant neighborhood offers a unique blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike.

Lake Balboa is named after the picturesque lake that serves as the centerpiece of the area, providing residents with a serene escape from the hustle and bustle of city life. The expansive park surrounding the lake is perfect for leisurely strolls, picnics, and outdoor activities, while the lush greenery and beautiful walking paths invite you to explore the natural beauty that defines this community.

The region boasts a rich tapestry of cultural diversity, with a variety of dining options that reflect the eclectic tastes of its residents. From cozy cafes to international cuisine, there’s something to satisfy every palate. Additionally, Lake Balboa is conveniently located near major freeways, making it easy to access the vibrant attractions of downtown Los Angeles, Hollywood, and beyond.

Families will appreciate the excellent schools and community programs that foster a strong sense of belonging. With a range of local shops, farmers' markets, and recreational facilities, Lake Balboa is designed for a lifestyle that balances leisure and convenience.

Whether you're looking to invest in a charming home, find a rental, or simply explore the area, Lake Balboa offers a welcoming atmosphere and a bright future for all who call it home. Come discover the charm of Lake Balboa, where community spirit and natural beauty blend harmoniously.

Newest Listings in Lake Balboa

$625,000

3 Beds ⋅ 2 Baths ⋅ 26985311 MLS

Opportunity awaits on a rare cul-de-sac in Lake Balboa! This fixer offers a chance to reimagine, renovate, or potentially start fresh and create something entirely your own. A detached garage offers potential for an ADU, while the spacious backyard, with an existing empty pool, provides plenty of room for a future outdoor retreat. Ideally located adjacent to the Van Nuys Golf Course and just minutes from Lake Balboa Park, the Encino Farmers Market, Sepulveda Basin Off-Leash Dog Park, and the many recreational amenities of the Sepulveda Basin. Convenient access to the 405 makes getting around the Valley and beyond a breeze. Bring your contractor, your imagination, and your vision, for this is a property with possibilities.

16431 Hamlin St, Lake Balboa

Courtesy of Sotheby's International Realty, Mary Hill - CA DRE#01783566

$1,599,999

37 Beds ⋅ 37 Baths ⋅ 26985771 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. 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. 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

$1,599,999

26985765 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. 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 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. 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

$1,000,000

3 Beds ⋅ 3 Baths ⋅ 26984497 MLS

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

$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

$999,000

4 Beds ⋅ 3 Baths ⋅ 26875973 MLS

15905 & 15907 Enadia Way offer a rare combination of flexibility, privacy, and income potential with two permitted residences on one property: a charming 3-bedroom, 2-bath single-family home and a fully permitted 1-bedroom, 1-bath ADU. Each residence has its own address, private entrance, fenced outdoor space, and separate laundry, creating an ideal setup for an owner-occupant seeking supplemental rental income, multigenerational living, or an investor looking for an established income-producing property. Situated on a quiet cul-de-sac near the Van Nuys/Lake Balboa border, the property is located in an established, tree-lined neighborhood with convenient access to the 405, Van Nuys Airport, shopping, dining, recreation, and other area amenities. The approximately 1,268-square-foot front home at 15905 features three bedrooms, two baths, central HVAC, fireplaces, and its own private yard. The approximately 447-square-foot ADU at 15907 offers one bedroom, one bath, a mini-split HVAC system, dedicated outdoor space, and private access from the driveway. The property is thoughtfully configured for independent living, with separately metered electricity and utility infrastructure that allows each household to pay its respective utilities. Set on an approximately 5,500-square-foot lot, the two residences provide separation and privacy while preserving the versatility of a single property life in the front home and retain the ADU for rental income, accommodate extended family or guests, or maintain both residences as rentals. Both residences are currently tenant-occupied, providing immediate income for an investment buyer. The front residence is 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. Interior showings will be provided upon acceptance of an offer. Photos are digitally enhanced/staged.

15905 Enadia Way, Los Angeles

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

$850,000

3 Beds ⋅ 1 Baths ⋅ 26893471 MLS

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

$1,695,000

4 Beds ⋅ 3 Baths ⋅ 26889671 MLS

Beautifully renovated home in the heart of Lake Balboa, located in one of the San Fernando Valley's most desirable neighborhoods. This turnkey property offers easy access to parks, shopping, dining, and the Van Nuys Airport. The home has been upgraded with Milgard sliding doors and windows, European interior doors, a custom kitchen imported from Turkey, Italian stone counters, and Italian tile finishes. Major systems are fully updated, including brand-new electrical, brand-new plumbing to the street, and a new ventilation system. Bathrooms feature smart toilets, European vanities, anti-fog mirrors, tinted windows, and recessed lighting throughout.Enjoy the heated pool with new plumbing and new lighting, an outdoor shower, water resistant hardwood flooring, new concrete surrounding the property, a widened driveway, new vinyl fencing, and a concrete perimeter wall. Electrical conduit and a concrete pad are already in place for a future automated gate.The fully renovated garage, featuring new insulation, drywall, and epoxy flooring, offers excellent potential for an ADU conversion. Landscaping has been thoughtfully designed and planted by the owners. The home is sold fully furnished, making it a truly move-in-ready opportunity.

16823 Valerio St, Lake Balboa

Courtesy of Beverly & Company Luxury Properties, Artur Israyelyan - CA DRE#02195045

$1,100,000

4 Beds ⋅ 3 Baths ⋅ 26886755 MLS

This stunning, beautifully updated home is nestled on a tree-lined street in one of Lake Balboa's most sought-after neighborhoods. From the moment you step through the custom front door, you'll appreciate the exceptional pride of ownership and thoughtful attention to detail throughout. The inviting, open floor plan features wood laminate flooring, recessed lighting, dual-pane windows, smooth ceilings, crown molding, and oversized baseboards. The spacious kitchen offers abundant cabinetry and storage, while the updated bathrooms include a newer remodeled primary bath. Generously sized bedrooms, a large laundry room with ample storage, and comfortable central heating and air conditioning add to the home's everyday appeal. Additional upgrades include copper plumbing and an owned solar system. The private backyard is a true retreat, beautifully landscaped and designed for both relaxation and entertaining. Enjoy the serene koi pond, soothing spa, and charming two-story playhouse complete with a slide. The oversized concrete driveway provides plenty of parking and leads to the stunning, newer constructed, one-bedroom ADU, featuring a full kitchen and its own separate address, offering excellent potential for rental income, guests, extended family, or a private workspace. The home is also equipped with an electric vehicle charging station. Conveniently located near schools, premier shopping and dining, public transportation, the Orange Line, an off-leash dog park, a public golf course, and easy access to the 405 and 101 freeways, this exceptional Lake Balboa property offers the perfect blend of comfort, style, convenience, and versatility.

7426 Caldus Ave, Los Angeles

Courtesy of Keller Williams Hollywood Hills, Andrea Leflere - CA DRE#01381899

$1,150,000

4 Beds ⋅ 3 Baths ⋅ 26875757 MLS

Welcome to this lovely home in the highly desirable Lake Balboa neighborhood. The main house features 3 bedrooms, 2 baths, a large living room with cathedral ceilings, wood burning fireplace, over-sized formal dining room, office/den plus an enclosed sunroom which is perfect as a playroom or additional workspace. The eat-in kitchen has newer stainless steel appliances, granite countertops, and a breakfast bar with a pass through to the dining room, tile flooring plus the laundry area. Sleeping quarters include a primary bedroom suite with bath and walk-in closet, two lovely guest rooms and a full bath. In 2023 the garage was converted into a one bedroom ADU complete with efficiency kitchen, large living room, bath with glass enclosed shower, and washer/dryer hookups. Great for extended family or additional income. Solar panels are owned, low electricity bill, security shades on all of the main house windows. Grassy backyard with a solid wood pergola to dine al fresco or relax, listen to music and read a book! Close to Lake Balboa, the dog park, local shopping and dining.

6443 Graves Ave, Lake Balboa

Courtesy of Sotheby's International Realty, Darcy Kaye - CA DRE#01322432

$855,000

3 Beds ⋅ 2 Baths ⋅ 26872415 MLS

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

$799,000

3 Beds ⋅ 1 Baths ⋅ 26872129 MLS

Welcome to this charming, updated home in one of Lake Balboa's most desirable pockets. The main residence offers approximately 1,124 square feet with 3 bedrooms and 1 bathroom, featuring fresh interior paint, abundant natural light, recessed lighting, dual-pane windows, and an updated kitchen with granite countertops, stainless steel appliances, and a spacious pantry and laundry area. The floor plan also offers potential to add a second bathroom, as other homes with the same floor plan have done. Adding to the versatility of the property, a portion of the garage has been finished as an approximately 213-square-foot soundproof, air-conditioned studio, ideal for podcasting, vlogging, music, content creation, or a private workspace. The MLS-listed square footage of approximately 1,337 square feet reflects the combined approximate square footage of the main residence and studio; the main residence itself is approximately 1,124 square feet. Outside, the extensively improved backyard is made for entertaining, with a built-in gas barbecue, generous grassy area, putting green, and plenty of space to relax or gather with friends. Ideally located near Lake Balboa Park, the Sepulveda Basin, golf courses, shopping, dining, and convenient access to the 101 and 405 freeways, this is a special opportunity in the heart of Lake Balboa.

6538 De Celis Pl, Los Angeles

Courtesy of Resident Group, Cody Thompson - CA DRE#01928448

Start Your Search

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.