15743 Covello Street, Lake Balboa, California 91406, Lake Balboa, 91406 - 7 bed, 9 bath

15743 Covello Street, Lake Balboa, California 91406 home-pic-0

15743 Covello Street

Lake Balboa, California 91406

ACTIVE
CONDITION: GOOD
7Beds
9Baths
3,654Sq Ft
6,289Lot Size

Property Price

LIST PRICE$1,649,000

SUMMARY

Analysis of 15743 Covello Street, Lake Balboa, California 91406 is currently available with a list price of $1,649,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Balboa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

This property, built in 1954, has undergone significant and thoughtful updates over the years, making it largely move-in ready. The kitchen features modern white shaker-style cabinets, granite countertops, a stylish mosaic tile backsplash, and stainless steel appliances, indicating a recent renovation in this key area. Throughout the main living spaces and bedrooms, modern wood-look laminate flooring and recessed lighting contribute to a contemporary feel. While some of the nine bathrooms are more basic in style with pedestal sinks and older tile, they appear clean and functional, not requiring immediate repairs. The overall condition suggests a well-maintained home with updated components, aligning with the 'Good' criteria for being move-in ready with functional systems, even if not every component is brand new or extensively renovated within the last five years.

PROSSTRENGTHS & OPPORTUNITIES

  • Exceptional Space & Layout

    Boasts 7 bedrooms and 9 bathrooms across 3654 sqft, offering expansive living areas, a den, office, and a dedicated home theater, ideal for large families or multi-generational living.

  • Versatile Usage Potential

    Explicitly suited for multi-generational living or potential conversion to a home-style care facility (buyer to verify), providing unique investment or lifestyle opportunities.

  • Desirable Lake Balboa Location

    Situated in a highly sought-after neighborhood with central access to major freeways, ensuring convenient travel throughout Los Angeles.

CONSRISKS & DEFICIENCIES

  • Property Age & Potential Systems

    Built in 1954, despite updates, the underlying systems (plumbing, electrical, HVAC) may be original or require significant upgrades, which could lead to unforeseen costs.

  • No Specific View

    The property explicitly states 'None' for views, which might be a disadvantage for buyers seeking scenic outlooks in a competitive market.

  • Recent Price Reduction

    A recent price drop from $1.675M to $1.649M suggests the initial market reception may have been lukewarm, potentially indicating a need for further price adjustment or a perceived overvaluation.

About 15743 Covello Street

Welcome to this expansive single family residence located in the highly sought after Lake Balboa neighborhood. Thoughtfully updated over the years, this home offers incredible space, comfort, and versatility to suit a variety of needs. The main level features six bedrooms and seven bathrooms, along with a den and office that provides ample room for family, guests, or workspace. The spacious living room flows seamlessly into an adjacent dining area, creating the perfect setting for gatherings and entertaining. The kitchen offers granite countertops, a stylish backsplash, and a light filled breakfast area ideal for casual dining. Upstairs, you'll find a spacious family room with exterior access, a seventh bedroom with a half bath, and a large home theater room complete with its own private guest bath making it an ideal retreat for movie nights or entertaining. With a total of seven bedrooms and nine bathrooms, this home is perfectly suited for multi-generational living or could offer potential for a possible home-style care facility (buyer to verify possible uses with the city). Centrally located in Lake Balboa, this exceptional property offers easy access to major freeways, allowing for convenient travel throughout Los Angeles. A rare find offering both size and flexibility, this home presents a wonderful opportunity in one of the Valley's most desirable communities.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1954
Lot Size
6,289 Sq. Ft.

Interior

Total Bedrooms
7
Total Bathrooms
9 (9 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds7.03.0
98%
Baths9.02.0
99%
Square foot3,6541,512.5
99%
Lot Size6,2896,501
38%
Price$1.65M$875.0K
96%
Price per sq ft$451$607
11%
Built year19541950
80%
HOA$0$0
50%
Days on market119163
28%

Pricing History

Listed for Sale

Jan 16, 2026

$1,649,000

$1,675,000

-2% Price Drop

Initial Listing

Price Change

Nov 7, 2025

$1,675,000

Initial Listing

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