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$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

$1,195,000
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

$899,000
3 Beds 2 Baths 26871643 MLS
Cul-de-Sac Gem with Assumable 3.125% Loan ! Welcome home to 7550 Ruffner Ave, a beautifully remodeled 3-bedroom, 2-bath retreat tucked on a quiet cul-de-sac just moments from Lake Balboa, Sherman Oaks, and an easy commute to the Westside. This home blends thoughtful updates with everyday livability and comes with a financial edge that's rare in today's market. Step inside to a large, open family floor plan filled with natural light, ideal for both everyday living and entertaining. French doors lead seamlessly from the living space to the backyard, blurring the line between indoor and outdoor living. The remodeled kitchen and living areas flow effortlessly into a spacious layout designed for modern life. The master suite is a true retreat, featuring a fireplace, spa-inspired bath with a large marble-tiled shower and separate water closet for added privacy. Two additional bedrooms and a second full bath round out the interior. Car enthusiasts, hobbyists, and entrepreneurs will love the detached 2-car garage, a standout feature built for serious use. It's equipped with two AC units, its own dedicated 100-amp sub panel, and a commercial-grade exhaust fan, making it perfect for a workshop, studio, or future ADU conversion. The real showstopper: this home comes with an assumable loan of approx. $550,000 at just 3.125% interest, locked in for the next 26 years. In today's rate environment, qualified buyers can step into a payment far below what a new loan would cost. This home allows assumption, making it one of the lowest monthly mortgage payments available on any comparable home in the area. This is a rare opportunity to combine a beautifully updated home with an unbeatable financing advantage. Don't miss your chance to own a move-in-ready home in a prime location with a loan that could save you hundreds per month. Schedule your private showing today. **OFFERS REQUESTED/DUE BY 8/25 AT 12:00PM**

7550 Ruffner Ave, Van Nuys

Courtesy of Beverly & Company Luxury Properties, Cesar Leyva - CA DRE#01490664

$1,799,000
10 Beds 12 Baths 26865459 MLS
Built in 1990, this gated four-unit townhouse-style apartment property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), offering investors significantly less restricted rental upside. With an excellent location in Lake Balboa, adjacent to Encino, the property also had central HVAC installed in 2019. The property features an attractive unit mix of two 2-bedroom, 2.5-bath units and two 3-bedroom, 2.5-bath units, averaging approximately 1,430 square feet each. Every unit offers a spacious open floor plan with a fireplace, large kitchen, private balcony, washer/dryer hookups, and an oversized attached two-car garage. Two units have also been updated with waterproof laminate flooring throughout the downstairs living areas and bathrooms. There is presently a single water bill, however, there are separate water meters installed for each unit.

6440 Balboa Blvd, Lake Balboa

Courtesy of Matthews Real Estate Investment Services, Daniel Withers - CA DRE#01325901

$799,000
3 Beds 3 Baths 26852391 MLS
Located in a desirable gated community of just 10 homes in Lake Balboa, this well-maintained residence built in 2016 offers 3 bedrooms, 2.5 bathrooms, and 1,502 sq ft of thoughtfully designed living space. The home features a bright, open layout with a modern kitchen equipped with stainless steel appliances, ample cabinetry, and generous counter space ideal for both everyday living and entertaining. The living and dining areas are seamlessly connected to the kitchen, creating a functional and inviting main living space. The spacious bedrooms are designed for comfort and privacy, with the primary suite offering a luxurious ensuite bathroom and ample closet space. Additional highlights include a direct-access two-car garage with secure parking and extra storage. Ideally situated near parks, schools, shopping, dining, and major freeways, this home offers easy living in a prime Lake Balboa location.

16855 Balboa Ln, Van Nuys

Courtesy of Compass, Liubov Savoskin - CA DRE#02015017

$3,995,000
26 Beds 25 Baths 26848227 MLS
7356 Haskell Avenue presents an outstanding opportunity to acquire a well-maintained 21-unit multifamily investment in the heart of Van Nuys, one of the San Fernando Valley's strongest and most established rental markets. Situated on an approximate 17,011 SF LAR3-zoned corner parcel, the property consists of approximately 15,192 rentable square feet and features an attractive unit mix of four 2-bedroom/2-bath units, one 2-bedroom/1-bath unit, fifteen 1-bedroom/1-bath units, and one studio. The property offers investors immediate cash flow with significant upside through continued unit turnover and rental growth. Residents enjoy desirable amenities including a covered swimming pool, 21 on-site parking spaces (including an enclosed two-car garage), gated access, and on-site laundry facilities. Ownership has completed several major capital improvements, including the soft-story retrofit, updated electrical panels, plumbing repiping, electric water heaters in the units, and upgraded pool equipment, helping reduce future capital expenditures. Ideally located with convenient access to the 405 Freeway, major employment centers, public transportation, shopping, dining, and everyday conveniences. 7356 Haskell Avenue offers investors a rare combination of stable in-place income, value-add potential, and long-term appreciation in one of Los Angeles' most resilient multifamily submarkets. Buyer to verify all information deemed important. All data including square footage, lot size, room dimensions, and property boundaries are approximations only and should be independently verified by the buyer.

7356 Haskell Ave, Van Nuys

Courtesy of Keller Williams Los Angeles, Yitzy Davis - CA DRE#02075515

$2,550,000
10 Beds 10 Baths 26845473 MLS
Due to its construction in 1987, the property is not subject to Los Angeles rent control and instead allows for higher annual rent increases via AB 1482. Given its attractive 6.46% CAP Rate, the asset offers an investor both strong immediate cash flow as well as the opportunity to increase future income more rapidly without the restrictions of Los Angeles rent control. With spacious one-bedroom floorplans averaging approximately 875 square feet each, the property can more easily attract higher-paying tenants. Its array of desirable amenities, including central air/heat, private balconies, and on-grade garage parking, allow the building to achieve more premium rents than competing apartments in the local area. Several of the units have already been thoroughly upgraded, saving an owner from future renovation costs while providing a clear blueprint for remodeling the remaining apartments. Interior upgrades in renovated units include wood flooring, stone countertops, stainless steel appliances, recessed lighting, and new ceiling fans. The building does not appear on the Los Angeles Department of Building & Safety's seismic retrofit list, saving an investor from an otherwise costly maintenance expense. Located near the intersection of Sherman Way and Haskell Avenue, the property offers residents incredibly easy access to the 405 Freeway, connecting tenants to various job centers and retail destinations throughout the San Fernando Valley and Greater Los Angeles Metro area.

7437 Haskell Ave, Van Nuys

Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo - CA DRE#01357019

$330,000
2 Beds 2 Baths 26658161 MLS Montecito Garden BLDG.
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 Ave Unit 110, Van Nuys

Courtesy of Keller Williams Beverly Hills, Won Mo - CA DRE#02207272

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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.