6443 Graves Avenue, Lake Balboa, California 91406, Lake Balboa, 91406 - 4 bed, 3 bath
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6443 Graves Avenue
Lake Balboa, California 91406
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,654Sq Ft
6,877Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$1,165,346
SUMMARY
This Spacious Single Family Residence is a High-Potential Investment Opportunity, listed at $1,275,000—positioned above the $1,230,164 Fair Market Value by 3%. Despite the premium, the property offers significant versatility with a 2023 garage-to-ADU conversion, providing immediate rental income potential. Featuring a Good Condition Rating, the main house includes a Granite Kitchen, owned solar panels, and a private patio. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational living solution in Lake Balboa.
Estimated Market Value
$1,165,346
Based on Realkey algorithm analyzing recent comparable sales in Lake Balboa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6443 Graves Avenue Subject | $1,150,000* List Price | 4 | 3 | 2,654 | $439 | - |
A 6646 Petit Avenue Sold | $1,205,000 | 5 | 3 | 2,280 | $529 | 0.8 mi |
B 6900 Bianca Sold | $906,000 | 3 | 2 | 1,639 | $553 | 0.6 mi |
C 6834 Shoshone Sold | $1,100,000 | 4 | 3 | 2,176 | $506 | 0.6 mi |
D 6500 Petit Sold | $945,000 | 4 | 2 | 1,839 | $514 | 0.7 mi |
E 16729 Archwood Sold | $965,000 | 3 | 3 | 1,803 | $535 | 0.7 mi |
F 17064 Cantlay Sold | $1,275,000 | 4 | 3 | 2,832 | $450 | 1.0 mi |
G 6820 Texhoma Avenue Active | $1,199,000 List Price | 4 | 3 | 2,281 | $526 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the main structure was built in 1955, the property has undergone significant renovations that place it in the 'Good' category. Key updates include a 2023 garage-to-ADU conversion with modern finishes, a renovated kitchen featuring granite countertops and newer stainless steel appliances, and the addition of owned solar panels. The interior shows well-maintained flooring and recessed lighting, though some secondary bathrooms retain older tile work consistent with a 10-20 year old renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Income Potential & Versatility
The 2023 garage-to-ADU conversion provides a fully equipped one-bedroom living space, perfect for generating rental income or hosting multi-generational family members.
- Energy Efficiency & Cost Savings
The home features owned solar panels and security shades, offering the new owner significantly lower utility bills and enhanced privacy.
CONSRISKS & DEFICIENCIES
- Local School Ratings
Many of the closest assigned public schools have lower performance ratings, which may be a drawback for families prioritizing high-ranking educational districts.
- Lack of Scenic Views
The property is noted as having no significant views, which may limit its appeal compared to other high-end residential listings in the broader area.
About 6443 Graves Avenue
Welcome to this lovely home in the highly desirable Lake Balboa neighborhood. The main house features 3 bedrooms, 2 baths, a large living room with cathedral ceilings, wood burning fireplace, over-sized formal dining room, office/den plus an enclosed sunroom which is perfect as a playroom or additional workspace. The eat-in kitchen has newer stainless steel appliances, granite countertops, and a breakfast bar with a pass through to the dining room, tile flooring plus the laundry area. Sleeping quarters include a primary bedroom suite with bath and walk-in closet, two lovely guest rooms and a full bath. In 2023 the garage was converted into a one bedroom ADU complete with efficiency kitchen, large living room, bath with glass enclosed shower, and washer/dryer hookups. Great for extended family or additional income. Solar panels are owned, low electricity bill, security shades on all of the main house windows. Grassy backyard with a solid wood pergola to dine al fresco or relax, listen to music and read a book! Close to Lake Balboa, the dog park, local shopping and dining.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 6,877 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Balboa Unified Schools
Lemay Street Elementary School
Grades K-5 • 0.5 mi
5/10
Lemay Street Elementary School
Grades K-5 • 0.5 mi
6/10
Gault Street Elementary School
Grades K-5 • 0.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,654 | 1,696.1 |
| Lot Size | 6,877 | 6,687.7 |
| Price | $1.15M | $904.1K |
| Price per sq ft | $433 | $599 |
| Built year | 1955 | 1952 |
| HOA | $0 | $223 |
| Days on market | 18 | 50 |
Pricing History
Listed for Sale
Sep 1, 2026
$1,150,000
$1,275,000
-10% Price Drop
Initial Listing
Price Change
Aug 22, 2026
$1,275,000
Initial Listing
Sold
May 14, 2004
$520,000
Public Record
Sold
Oct 26, 2000
$255,000
Public Record