Lake Balboa Real Estate

Lake Balboa Real Estate

Welcome to Lake Balboa, a charming neighborhood nestled in the heart of the San Fernando Valley in California. This vibrant community is located in Los Angeles County, offering residents a perfect blend of suburban tranquility and urban convenience.

Lake Balboa is named after the picturesque Balboa Lake, a stunning 27-acre water feature that serves as the centerpiece of the area. Residents and visitors alike can enjoy a variety of recreational activities around the lake, including picnicking, fishing, paddle boating, and jogging along the scenic paths.

The neighborhood boasts a diverse real estate landscape, featuring a mix of single-family homes, townhouses, and apartments to suit every lifestyle. With tree-lined streets, well-maintained parks, and top-rated schools, Lake Balboa is a sought-after destination for families and young professionals looking to settle down in a welcoming community.

Conveniently located near major freeways and public transportation, Lake Balboa offers easy access to the rest of Los Angeles, including popular destinations like Downtown LA, Hollywood, and the stunning beaches along the coast.

Whether you're looking for a peaceful retreat close to nature or a bustling urban environment with endless entertainment options, Lake Balboa has something for everyone. Come explore this hidden gem in the San Fernando Valley and discover why it's one of the most desirable places to call home in Southern California.

Newest Listings in Lake Balboa

$1,799,000
10 Beds ⋅ 12 Baths ⋅ 26865459 MLS ⋅ Active Status
Built in 1990, this gated four-unit multifamily property features an attractive townhouse-style unit mix consisting 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 a large attached two-car garage. Two units have also been updated with waterproof laminate flooring throughout the downstairs living areas and bathrooms. From an investor's perspective, the property offers strong in-place cash flow with significant upside potential. The asset is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), allowing ownership to capture full market rent increases. Current operations generate approximately $74,779 in annual NOI, with projected stabilized NOI of approximately $106,927 at market rents. With its desirable large-unit mix, family-oriented amenities, and limited near-term capital expenditure requirements, this property presents an excellent investment opportunity.

6440 Balboa Boulevard, Lake Balboa
$1,599,999
37 Beds ⋅ 37 Baths ⋅ 26864773 MLS ⋅ Active Status
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. 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. 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 a 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). 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
$1,599,999
26864763 MLS ⋅ Active Status
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. 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). 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
$1,099,777
4 Beds ⋅ 2 Baths ⋅ SR26161956 MLS ⋅ Active Status
Welcome to this fully remodeled property in the highly desirable city of Lake Balboa. Thoughtfully redesigned with quality finishes throughout, this property blends modern comfort, timeless style, and exceptional future potential. The heart of the home is the stunning custom white oak kitchen, featuring beautifully crafted cabinetry, quartz countertops, abundant storage, a 36-inch gas range, a large center island with a dedicated microwave compartment, and a separate coffee bar that adds both function and elegance. The open concept layout flows seamlessly into the living room, making it ideal for everyday living and entertaining. The home is stage with 3 bedrooms and the 4th bedroom set up as the dining area. This versatile space opens directly to the tranquil patio, where a staged water fountain creates a peaceful retreat before stepping into the backyard. Whether used as a formal dining room, family room, or converted back into a bedroom, the possibilities are endless. The primary suite offers a true spa-like experience with an oversized walk-in shower featuring both a rainfall showerhead and wall mounted showerhead, creating a luxurious retreat. Both bathrooms showcase custom white oak double sink vanities, while the hallway bathroom includes a full bathtub, making it ideal for anyone who enjoys soaking in a tub. Additional upgrades include a brand new HVAC, upgraded 200amp panel, EV charger, recessed lighting, tankless water heater, dual-pane windows, and premium Spanish-made 10mm extra-wide 9.5-inch flooring with natural wood appearance. Step outside to enjoy a beautifully landscaped front yard with natural grass, while the backyard offers low maintenance synthetic turf. A rare bonus is the approximately 340 sq. ft. attached recroom/storage room connected to the detached two car garage. The bonus room offers accessory dwelling unit (ADU) potential by converting it into a studio or combine it with the garage to create a larger ADU. The two car garage & two car gated driveway is accessible from the alley. The current dining room (4th bedroom) can be converted to a Junior ADU, there are many possibilities with LA County’s SB9 law & Opportunity Zone. The right buyer can create three separate rental income properties with lower costs than building new from the ground up. Located just minutes from Lake Balboa Park, golf courses, bike paths, shopping, dining, major freeways. This home is an exceptional combination of lifestyle, location, and long-term value.

7446 Dempsey Avenue, Lake Balboa
$479,000
2 Beds ⋅ 2 Baths ⋅ SR26157733 MLS ⋅ Active Status
HIGHLY SOUGHT AFTER LAKE BALBOA ! THESE CONDOS ARE RARELY AVAILABLE FOR SALE. OWNER HAS COMPLETELY UPGRADED THIS HOME BEGINNING WITH FLOORING, FRESH PAINTING,APPLIANCES,KITCHEN CABINETS,COUNTERS,SINK.BOTH BATHROOMS HAVE BEEN REMODELED.LIVING ROOM HAS WARM COZY FIREPLACE PLUS A WALK ON BALCONY TO ENJOY OUTSIDE.MASTER BEDROOM ALSO HAS LARGE SITTING AREA BALCONY TO WATCH THE SUN AND THE MOON RISE! HOA IS ALMOST DONE REFINISHING THE POOL,SPA AND BBQ AREA FOR YOUR ENJOYMENT.NEWER APPLIANCES STOVE,DISHWASHER,MICROWAVE AND REFRIGERATOR ARE INCLUDED.THE LARGE 2 CAR TANDEM GARAGE WITH LAUNDRY ROOM AND INCLUDING WASHER AND DRYER GIFT FROM SELLER.THIS ONE WONT LAST LONG AND WILL BE AVAILABLE THIS WEEKEND TO SEE!MOST IMPORTANT IS THAT THIS IS AN UPPER UNIT WITH TALL CEILINGS AND VERY QUIET.HOA PAYS TRASH,WATER/SEWER.

7320 Balboa Boulevard Unit 205, Lake Balboa
$769,000
3 Beds ⋅ 3 Baths ⋅ SR26156449 MLS ⋅ Active Status
Absolutely gorgeous beautifully updated detached home in a desirable gated community! 3 bedrooms, 2.5 bathrooms +Bonus room!!This move-in ready residence features an open floor plan with soaring ceilings, brand new carpet, recessed lighting, and a spacious living room with a cozy fireplace and dining room. On the main level you also have a half bathroom and direct access to the two car garage. The kitchen offers granite countertops, ample cabinetry, appliances, and opens to the main living area. Upgraded wrought iron staircase railing. Upstairs you'll find a bonus room, a spacious primary suite with a En-suite bathroom featuring dual vanities, a jetted tub, and separate shower, plus two additional bedrooms and an updated hall bath. Enjoy a private, low-maintenance backyard, direct-access two-car garage, and a fantastic location close to shopping, dining, parks, and freeway access. A wonderful place to call home!

16724 Tim Ln, Lake Balboa
$849,000
3 Beds ⋅ 2 Baths ⋅ SR26153008 MLS ⋅ Active Status
Welcome to 9508 Paso Robles Ave, a beautifully maintained residence with MID CENTURY VIBES & TiMELESS CHARM, exceptional Indoor-Outdoor Living, and the relaxed lifestyle that makes Lake Balboa one of the San Fernando Valley’s most sought-after neighborhoods. Situated on a Picturesque Street, Amongst PRIDE OF OWNERSHIP Homes, This inviting home welcomes you with Handsome curb appeal and an attractive exterior that creates a memorable first impression. Inside, abundant Natural Light pours through a Dramatic Wall of Sliding Glass Doors, framing the Beauty of the professionally landscaped rear grounds while illuminating Gleaming Hardwood Floors, Rich Wood detailing, and spacious, flexible floor plan designed for today’s lifestyle. Offering exceptional versatility, the home may be configured as a three bedrm. or enjoyed as two bedrms. with an expansive family room ideal for entertaining, working from home, or multi-generational living. The generous eat-in kitchen serves as the heart of the home, featuring a skylight, natural bleached wood cabinetry, pantry, abundant counter space, and a convenient pass-through that flows seamlessly into adjoining living areas. The inviting den is anchored by a decorative Palisade stone fireplace, creating a welcoming gathering space for family & friends. The primary suite is enhanced by Artfully Designed windows, a spacious walk-in closet, and Peaceful garden views. Two full baths complete the thoughtfully designed interior, providing comfort throughout. Step outside to an expansive covered patio overlooking beautifully landscaped grounds that have been professionally designed to create a serene & Private outdoor retreat. Whether enjoying al fresco dining, entertaining guests, or simply relaxing with your morning coffee, the backyard offers an ideal setting for year-round California living. Perfectly positioned in the heart of Lake Balboa, the home is just moments from the renowned Lake Balboa Park, where residents enjoy a picturesque lake, walking & biking paths, paddle boating, fishing, picnic areas, golf courses, and the beautiful Japanese Garden. Convenient access to 101/405 Fwys places Ventura Boulevard’s acclaimed dining, shopping, entertainment & employment centers within easy reach. 9508 Paso Robles Ave. presents a wonderful opportunity to enjoy Lake Balboa living.** TWO Driveways, Upgraded Electrical Panel, Upgraded Windows. & So Much More. DREAMS DO COME TRUE...Welcome Home.

7508 Paso Robles Avenue, Lake Balboa
$899,000
3 Beds ⋅ 2 Baths ⋅ SR26139010 MLS ⋅ Active Under Contract Status
Ideally located on a tree lined street in the heart of Lake Balboa, this inviting, lovingly maintained 3-bedroom, 2-bathroom home offers the perfect blend of comfort & functionality. The spacious living area features a vaulted ceiling creating an airy open feel, a brick fireplace with oversized hearth and French doors opening to the lush generously sized backyard & patio-perfect for relaxing, gardening or outdoor dining. The thoughtfully designed kitchen offers ample cabinetry and granite counters, a separate laundry room and a breakfast bar that opens to the dining area for easy gatherings & entertaining. The primary suite provides a private retreat with an attached bathroom, while two additional bedrooms and a beautifully newly remodeled bathroom offer flexibility for family, guests, or a home office. Additional highlights include newer central heating and air conditioning, newer roof, and an attached garage with ample storage. This home is just minutes from Lake Balboa Park, golf courses, walking and biking trails, shopping, dining, and convenient freeway access. Whether you're looking for your first home, room to grow, or a great investment opportunity, this charming property offers exceptional value in one of the San Fernando Valley's most sought-after communities.

6600 Whitaker, Lake Balboa
$1,099,000
4 Beds ⋅ 3 Baths ⋅ SR26152157 MLS ⋅ Active Status
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
$650,000
2 Beds ⋅ 3 Baths ⋅ CV26150492 MLS ⋅ Active Status
More photos coming soon—but don’t wait to see this beautifully updated townhouse! Featuring a custom-remodeled kitchen with a spacious pantry, this home offers both style and functionality. Enjoy a two-car attached garage, a private fenced front patio, and a balcony just off the kitchen, perfect for morning coffee or outdoor dining. The inviting living room includes a cozy fireplace, while the generously sized bedrooms provide comfort and flexibility. Located in a well-maintained gated community with a sparkling pool and relaxing spa, this home is ideally situated in the desirable Lake Balboa area, just moments from beautiful parks, walking paths, shopping, dining, and everyday conveniences. A wonderful opportunity to enjoy comfortable living in a prime location!

7100 Balboa Boulevard Unit 702, Lake Balboa
$819,000
3 Beds ⋅ 2 Baths ⋅ SR26142742 MLS ⋅ Active Under Contract Status
Situated on a desirable corner lot at the entrance of a charming cul-de-sac, this beautifully maintained single-story home blends thoughtful updates with indoor-outdoor living. Rich oak floors and wood-frame windows lend warmth and timeless appeal throughout, while the living room’s dramatic floor-to-ceiling windows bathe the home in natural light, creating a welcoming atmosphere. The floor plan offers 3 bedrooms and 1¾ bathrooms, including a spacious primary suite with an en-suite bath and French doors to the backyard. Two additional bedrooms provide accommodations for family, guests, or a home office and are served by a convenient guest bath. The kitchen is appointed with granite counters and stainless steel Samsung appliances, while the laundry room includes a Whirlpool washer and dryer. A covered patio extends the living space outdoors, providing the perfect setting for entertaining or unwinding, and the drought-tolerant landscaping offers beautiful, low-maintenance curb appeal. Recent improvements include a newer roof (±2022) and water heater (±2025), providing added peace of mind. Additional highlights include a detached garage for excellent ADU potential (buyer to verify), and an ideal location close to parks, shopping, dining, and major commuter routes.

17061 Lorne, Lake Balboa
$795,000
2 Beds ⋅ 2 Baths ⋅ SR26147811 MLS ⋅ Active Status
Before I tell you about this charming Mid-Century home in one of Lake Balboa's neighborhoods, let's talk about the things you can't see, because they're the expensive ones! The roof? NEWER. The sewer line? REPLACED. Copper plumbing? UPDATED. HVAC motor? NEW. Fresh interior and exterior paint? DONE! In other words, many of the major projects that keep homeowners awake at night have already been taken care of, leaving you free to enjoy the fun part—making this vintage beauty your own. Now, let's step inside. The spacious living room welcomes you with a mirrored accent wall that's just waiting to reflect your best dance moves (or at least make the room feel twice as big). Adjacent den can become a formal dining room, home office, or whatever your imagination dreams up. The country kitchen is where old-school charm steals the show. A soaring knotty pine ceiling sets the stage while the wood cabinetry, classic Formica countertops, built-in appliances, and breakfast nook remind us that good design never really goes out of style. It's the kind of kitchen where coffee tastes a little better and family recipes deserve to live on. The home's unique floor plan places the bedrooms on opposite sides of the living room, giving everyone their own private retreat. The east bedroom offers laminate flooring, generous wall-to-wall closets, and access to a semi-updated bathroom featuring fabulous vintage tile that deserves a comeback. Even the hallway wallpaper has survived the decades with style and is ready for its close-up. The west bedroom continues the retro vibe with laminate flooring and its own mirrored three-quarter bathroom with a walk-in shower. Step outside and discover a property that's full of personality. The fully gated lot offers a long driveway leading to a one-car garage and an additional covered carport. Mature fruit trees provide nature's grocery store, while the classic backyard clothesline is a nostalgic reminder of the days before dryers—and yes, sheets really do smell better dried in the California sunshine! The spacious backyard offers endless possibilities. Garden, entertain, add an ADU (buyer to verify), or simply relax and enjoy your own private retreat. If HGTV and Grandma's house had a baby, this might be it. Full of character, packed with expensive upgrades, and ready for its next chapter, this Lake Balboa classic is looking for someone who appreciates a little nostalgia, a lot of charm, and a home with stories still left to tell.

15841 Marlin Place, Lake Balboa
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.