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

15743 Covello Street, Lake Balboa, California 91406 home-pic-0
ACTIVE$1,675,000
15743 Covello Street, Lake Balboa, California 91406
7Beds
9Baths
3,654Sqft
6,289Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Space & Versatility: With 7 bedrooms, 9 bathrooms, and 3654 sqft, including a den, office, and family room, the property offers extensive living space and functional flexibility for various needs.
Top Cons:
Older Construction: Built in 1954, despite updates, the age of the home may imply potential for aging infrastructure (e.g., plumbing, electrical, roof) that could require future maintenance or upgrades.

Compared to the nearby listings

Price:$1.68M vs avg $900.0K (+$775,000)98%
Size:3,654 sqft vs avg 1,496 sqft99%
Price/sqft:$458 vs avg $6048%

More Insights

Built in 1954 (71 years old).
Condition: The property, built in 1954, has undergone 'thoughtful updates over the years' as described. While many rooms feature updated LVP flooring and the kitchen boasts granite countertops and a mosaic backsplash, these updates appear to be from 10-20 years ago rather than recent. The visible bathroom is very basic with standard white tiles and a pedestal sink, indicating it has not been recently renovated to modern standards. The home is functional and well-maintained but shows signs of age and outdated styles in key areas, suggesting it would benefit from minor cosmetic updates to achieve a more contemporary aesthetic.
Year Built
1954
Close
-
List price
$1.68M
Original List price
$1.68M
Price/Sqft
$458
HOA
-
Days on market
-
Sold On
-
MLS number
P1-24850
Home ConditionFair
Features
View-

About this home

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.

Condition Rating
Fair

The property, built in 1954, has undergone 'thoughtful updates over the years' as described. While many rooms feature updated LVP flooring and the kitchen boasts granite countertops and a mosaic backsplash, these updates appear to be from 10-20 years ago rather than recent. The visible bathroom is very basic with standard white tiles and a pedestal sink, indicating it has not been recently renovated to modern standards. The home is functional and well-maintained but shows signs of age and outdated styles in key areas, suggesting it would benefit from minor cosmetic updates to achieve a more contemporary aesthetic.
Pros & Cons

Pros

Exceptional Space & Versatility: With 7 bedrooms, 9 bathrooms, and 3654 sqft, including a den, office, and family room, the property offers extensive living space and functional flexibility for various needs.
Multi-Generational/Care Facility Potential: Explicitly suited for multi-generational living or as a potential home-style care facility, significantly broadening its market appeal and potential uses.
Dedicated Entertainment & Workspace: Features a large home theater room with a private bath, a separate office, and a den, catering to modern lifestyle demands for entertainment and remote work.
Updated Interior Features: The kitchen boasts granite countertops and a stylish backsplash, indicating thoughtful aesthetic updates that enhance its appeal.
Desirable Lake Balboa Location: Situated in a highly sought-after Lake Balboa neighborhood with easy access to major freeways, offering convenience and connectivity throughout Los Angeles.

Cons

Older Construction: Built in 1954, despite updates, the age of the home may imply potential for aging infrastructure (e.g., plumbing, electrical, roof) that could require future maintenance or upgrades.
Limited Outdoor Space Details: The description focuses heavily on the interior, with no mention of significant outdoor amenities, landscaping, or a view, which might be a consideration for a large family home.
Niche Market Appeal: The property's extensive size and high bedroom/bathroom count, coupled with its potential for a care facility, might appeal to a more specific buyer demographic, potentially narrowing the traditional single-family buyer pool.

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