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$1,750,000

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8 BD

6 BA

3,158 SqFt

New

7008 Encino AVE Lake Balboa, CA 91406

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UPDATED:

01/04/2025 02:23 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,158 sqft

Price per Sqft $554

MLS Listing ID SR25001181

Bedrooms 8

Full Baths 6

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1951

Lot Size 8,877 Sqft

Property Description

At an exciting GRM of 14.6, this fully rented 3-unit property offers an excellent opportunity for those seeking to complete a 1031 exchange or acquire a high-income-generating asset in a prime residential neighborhood of Lake Balboa, conveniently located near the 405 and 101 FWYs just north of Encino. The property features a remodeled and extended 4-bed, 3-bath, 1,613 sq ft main house, a brand-new 3-bed, 2-bath, 1,200 sq ft detached ADU with a paid-off solar system, and a 1-bed, 1-bath, 345 sq ft JADU. In total, it offers 3,158 sq ft of living space with a combined 8-bed, 6-bath count on an 8,877 sq ft lot. Three units, each with its own address, private outdoor space, and in-unit laundry. The main house features an open floor plan with a spacious living room, a primary suite, and a junior suite. It boasts a brand-new kitchen equipped with white shaker cabinetry, quartz countertops, a walk-in pantry, and fully renovated bathrooms. The new detached ADU offers private outdoor space with palm trees, enclosed by a white vinyl fence. Inside, the open floor plan seamlessly connects the spacious living room to the new kitchen, featuring white shaker cabinetry and quartz countertops. The primary bedroom includes a large walk-in closet and a private bathroom with a tub. The newly completed JADU is located at the front of the property and features a living space, a well-sized bedroom with a wall-to-wall closet, and a kitchen with white shaker cabinetry and quartz countertops. The bathroom includes a tub and stackable laundry hookups. Recessed lighting, laminate floors, and double-paned windows are featured throughout all units. Nearby amenities include Lake Balboa Park, golf courses, an off-leash dog park, and a Sunday farmer's market. With easy access to the 101 and 405 freeways and the Orange Line Busway, this property offers both convenience and a prime location. Don't miss out on this exceptional investment opportunity—schedule your private tour today!

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LAR1

Rooms

Other Rooms Guest House Detached, Guest House Attached

Main Level Bedrooms 8

Interior

Interior Features Open Floorplan, Quartz Counters, Recessed Lighting, Primary Suite, Walk-In Pantry

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Microwave, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room

Exterior

Exterior Feature Lighting

Parking Features Driveway

Fence None

Pool None

Community Features Curbs, Street Lights, Sidewalks, Park

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Porch Covered, Front Porch

Total Parking Spaces 3

Private Pool No

Building

Lot Description Back Yard, Front Yard, Landscaped, Level, Near Park, Near Public Transit, Rectangular Lot, Walkstreet, Yard

Dwelling Type House

Story 1

Entry Level One

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Additional Building Guest House Detached, Guest House Attached

New Construction No

Construction Status Updated/Remodeled,Turnkey

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 2228027002

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Lease Land No

Listed by Arthur Aslanian • Berkshire Hathaway HomeServices California Properties • 818-335-1239

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7008 Encino AVE Lake Balboa, CA 91406

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