6525 Ruffner Avenue, Lake Balboa, California 91406, Lake Balboa, 91406 - 5 bed, 4 bath
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Lake Balboa, California 91406
This Dual-Unit Residential Asset represents a High-Potential Investment Opportunity, listed at $1,295,000—positioned above the $1,163,366 Fair Market Value. Despite the premium, the property offers a rare Mint Condition Rating with two fully independent, renovated homes on one lot. Featuring new roofs, plumbing, and high-end Walker Zanger finishes, this turnkey setup provides immediate rental income or multi-generational flexibility. With separate street access and private yards, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, income-generating property in a prime Lake Balboa location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6525 Ruffner Avenue Subject | $1,295,000* List Price | 5 | 4 | 1,874 | $621 | - |
A 16600 Gilmore Street Sold | $1,100,000 | 4 | 2 | 1,876 | $586 | 0.2 mi |
B 16421 Haynes Street Sold | $1,025,131 | 3 | 2 | 1,420 | $722 | 0.3 mi |
C 16201 Gilmore Street Sold | $1,060,000 | 3 | 2 | 1,684 | $629 | 0.6 mi |
D 6714 Mclennan Sold | $968,000 | 3 | 2 | 1,418 | $683 | 0.3 mi |
E 6941 Louise Avenue Sold | $965,000 | 3 | 2 | 1,836 | $526 | 0.9 mi |
F 7018 Aldea Avenue Sold | $1,150,000 | 4 | 2 | 2,123 | $542 | 0.9 mi |
G 16729 Archwood Active | $1,100,000 List Price | 3 | 3 | 1,803 | $610 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property consists of one fully restored home and one brand-new construction home. Both units feature new roofs, plumbing, and electrical panels, along with modern kitchens and bathrooms. High-end finishes including Walker Zanger tile, wood floors, and dual-glazed windows indicate a comprehensive, mint-condition renovation completed within the last 5 years.
Elementary School: Kester Avenue Elementary School (9/10).
The property features two completely independent homes on one lot, each with its own address, separate street access, and private yards, offering an exceptional opportunity for rental income or multi-generational living.
Both residences are in turnkey condition with extensive upgrades including new roofs, plumbing, electrical panels, and high-end designer finishes like Walker Zanger tile and wood flooring throughout.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1874, other record living area = 1124. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
With two full residences occupying a 6,095-square-foot lot, the individual yard spaces and overall outdoor footprint are relatively limited compared to single-family homes in the area.
The property is served by several schools with lower performance ratings, which may be a drawback for families prioritizing high-ranking public education.
Lake Balboa! Extremely rare opportunity to acquire two homes on one lot in one of Lake Balboa’s leafiest, most-prime areas. The best of both worlds is offered with one house being a restored and remodeled classic three bed, two bath gem while the second house is all-new, providing contemporary styling with two bedrooms - each with en-suite baths. Each house faces a different street and has its own separate access, address, private yard and in-home laundry. Both have new roofs, plumbing, electrical panels, kitchens, appliances and bathrooms. Both homes have been professionally decorated with wood floors, dual-glazed windows, Walker Zanger tile, French doors and thoughtful touches throughout. There is no other property like this on the market, let alone in this price class. Great for extended families, home-based businesses or live in one and rent the other. This property offers flexibility, style and affordability all in one great, leafy package!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 96% |
| Baths | 4.0 | 2.0 | 92% |
| Square foot | 1,874 | 1,531 | 75% |
| Lot Size | 6,095 | 6,525 | 27% |
| Price | $1.29M | $887.5K | 92% |
| Price per sq ft | $691 | $600 | 72% |
| Built year | 1950 | 1950 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 137 | 2% |
May 16, 2026
$1,295,000
Initial Listing
Sep 24, 2024
$780,000
Public Record