15743 Covello Street, Lake Balboa, California 91406, Lake Balboa, 91406 - 7 bed, 9 bath
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Lake Balboa, California 91406
Analysis of 15743 Covello Street, Lake Balboa, California 91406 is currently available with a list price of $1,599,000. 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.
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.
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.
Explicitly suited for multi-generational living or potential conversion to a home-style care facility (buyer to verify), providing unique investment or lifestyle opportunities.
Situated in a highly sought-after neighborhood with central access to major freeways, ensuring convenient travel throughout Los Angeles.
Built in 1954, despite updates, the underlying systems (plumbing, electrical, HVAC) may be original or require significant upgrades, which could lead to unforeseen costs.
The property explicitly states 'None' for views, which might be a disadvantage for buyers seeking scenic outlooks in a competitive market.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 98% |
| Baths | 9.0 | 2.0 | 99% |
| Square foot | 3,654 | 1,508 | 99% |
| Lot Size | 6,289 | 6,638 | 35% |
| Price | $1.60M | $885.0K | 95% |
| Price per sq ft | $438 | $607 | 8% |
| Built year | 1954 | 1950 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 166 | 161 | 54% |
Mar 23, 2026
$1,599,000
$1,649,000
-3% Price Drop
Initial Listing
Jan 16, 2026
$1,649,000
$1,675,000
-2% Price Drop
Initial Listing
Nov 7, 2025
$1,675,000
Initial Listing