15756 Hart Street, Lake Balboa, California 91406, Lake Balboa, 91406 - 5 bed, 3 bath

15756 Hart Street, Lake Balboa, California 91406 home-pic-0

15756 Hart Street

Lake Balboa, California 91406

ACTIVE
CONDITION: EXCELLENT
5Beds
3Baths
2,136Sq Ft
8,907Lot Size

Property Price

LIST PRICE$1,245,000
EST. MARKET VALUE
$1,232,094

SUMMARY

Analysis of 15756 Hart Street, Lake Balboa, California 91406 reveals a Fairly Priced Property with a current list price of $1,245,000  aligned with the estimated $1,232,094 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.

Estimated Market Value

$1,232,094
Based on Realkey algorithm analyzing recent comparable sales in Lake Balboa.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
15756 Hart Street
Subject
$1,245,000*
List Price
532,136$577-
A
16201 Gilmore Street
Sold
$1,060,000321,684$6290.8 mi
B
6455 Densmore Avenue
Sold
$985,000321,356$7260.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property has undergone an extensive recent renovation including a custom kitchen with granite countertops and stainless steel appliances, remodeled bathrooms, newer roof, HVAC, solar panels, and fresh paint throughout, making it move-in ready with modern finishes.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8907, living area = 2136.

  • Income Potential & Versatility

    The property features a fully permitted Junior ADU and an expansive lot with potential for a second ADU, offering exceptional rental income or multi-generational living options.

  • Energy Efficiency & Modern Upgrades

    Equipped with paid-off solar panels, a newer roof, and updated HVAC, this home provides significant long-term cost savings and immediate move-in readiness.

CONSRISKS & DEFICIENCIES

  • Market Stagnation

    A history of multiple price reductions since the initial listing suggests the property may have struggled to meet market expectations or faces competition issues.

  • Vintage Infrastructure

    Despite extensive remodeling, the 1951 original construction may still present underlying infrastructure challenges typical of older homes compared to newer builds.

About 15756 Hart Street

This beautifully remodeled property provides comfort, versatility, and excellent income potential The main home features four bedrooms, two remodeled bathrooms, and a step-down family room, complemented further by a fully permitted one-bedroom, one-bathroom junior ADU with its own dedicated laundry room. The expansive lot provides plenty of secure off-street parking and the potential to add an additional ADU in the backyard. Recent upgrades include a newer roof, laminate flooring, double-pane windows, an air conditioning system, and paid-off solar panels. A custom-built kitchen features a stainless-steel cooktop with a stainless-steel ventilation hood, a durable stainless-steel sink, granite countertops with a stylish backsplash, and a breakfast bar with custom pendant lighting. The primary suite has a barn door closet with organizers, a mirrored secondary closet, and a beautifully appointed bathroom. You'll enjoy the large backyard, huge covered entertainer's patio with ceiling fans, and a handy storage shed. Fresh interior and exterior paint complete this move-in-ready home with modern comfort and energy efficiency This property combines modern upgrades, multiple living options, and strong rental potential in one of the San Fernando Valley's most desirable neighborhoods. Conveniently located near the 405 Freeway, Lake Balboa Park, Van Nuys/Woodley Lakes Golf Course, Encino Farmer's Market, Sepulveda Basin Off-Leash Dog Park, and the Metro Orange Line (Balboa Station) with nearby bike trails.  This property combines modern upgrades, multiple living options, and proven rental performance in one of the San Fernando Valley’s most desirable neighborhoods.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1951
Lot Size
8,907 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
3 (3 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)
Beds5.03.0
94%
Baths3.02.0
75%
Square foot2,1361,509
83%
Lot Size8,9076,550
86%
Price$1.25M$875.0K
90%
Price per sq ft$583$608
44%
Built year19511950
55%
HOA$0$0
50%
Days on market128164
30%

Pricing History

Listed for Sale

Feb 26, 2026

$1,245,000

$1,250,000

+0% Price Increase

Initial Listing

Price Change

Feb 7, 2026

$1,250,000

$1,300,000

-4% Price Drop

Initial Listing

Price Change

Nov 26, 2025

$1,300,000

$1,350,000

-4% Price Drop

Initial Listing

Price Change

Oct 29, 2025

$1,350,000

Initial Listing

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