6628 Gaviota, Lake Balboa, California 91406, Lake Balboa, 91406 - bed, bath
ACTIVE$1,099,000$3,159/sqft
6628 Gaviota, Lake Balboa, California 91406
0Bed
0Bath
3,159Sqft
13,954Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: The property features two distinct residences (3-bedroom, 2-bath and 2-bedroom, 2-bath), offering strong rental income streams or flexible multi-generational living options.
Top Cons:
Age of Property: Built in 1947, the property likely has older infrastructure (plumbing, electrical, HVAC) and finishes, which may necessitate significant capital expenditure for modernization and upgrades.
Compared to the nearby listings
Price:$1.10M vs avg $1.10M ($-500)50%
Size:3,159 sqft vs avg 2,391 sqft75%
Price/sqft:$348 vs avg $40750%
More Insights
Built in 1947 (79 years old).
Condition: The property was built in 1947, making it 77 years old. While the exterior appears maintained with updated windows and roofing, there are no interior images, particularly of the kitchen and bathrooms. The AI-generated analysis explicitly highlights 'older infrastructure (plumbing, electrical, HVAC) and finishes, which may necessitate significant capital expenditure for modernization and upgrades.' This strongly suggests that the major systems and interior finishes, especially in key areas like kitchens and bathrooms, are severely outdated and require substantial repairs and rehabilitation to meet current standards and appeal to tenants, aligning with the 'Poor' condition criteria.
Year Built
1947
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$348
HOA
-
Days on market
-
Sold On
-
MLS number
SR25223077
Home ConditionPoor
Features
View-
About this home
Discover this rare and remarkable investment opportunity in the vibrant heart of Lake Balboa. Set on an oversized lot, the property features two distinct residences: a spacious 3-bedroom, 2-bath home and a detached 2-bedroom, 2-bath residence, each offering comfortable living and strong income potential. Two detached garages add to the versatility of the property, providing ample parking, storage, or creative future use. Surrounded by a rapidly growing community, this property combines immediate functionality with exceptional long-term upside. With its prime location, generous lot size, and multiple living spaces, this is a truly special offering, perfect for investors or those seeking a unique multi-residence property in one of the Valley’s most desirable neighborhoods.
E
Edoardo Beghi
Listing Agent
Condition Rating
Poor
The property was built in 1947, making it 77 years old. While the exterior appears maintained with updated windows and roofing, there are no interior images, particularly of the kitchen and bathrooms. The AI-generated analysis explicitly highlights 'older infrastructure (plumbing, electrical, HVAC) and finishes, which may necessitate significant capital expenditure for modernization and upgrades.' This strongly suggests that the major systems and interior finishes, especially in key areas like kitchens and bathrooms, are severely outdated and require substantial repairs and rehabilitation to meet current standards and appeal to tenants, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features two distinct residences (3-bedroom, 2-bath and 2-bedroom, 2-bath), offering strong rental income streams or flexible multi-generational living options.
Oversized Lot: A generous 13,954 sqft lot provides ample outdoor space, potential for expansion, or enhanced privacy, which is a significant asset in an urban environment.
Prime Location: Located in the vibrant and rapidly growing Lake Balboa community, ensuring strong tenant demand, potential for property appreciation, and convenient access to local amenities.
Versatile Detached Garages: Two detached garages offer valuable parking, extensive storage, or the potential for future conversion into additional dwelling units (ADUs), subject to local regulations.
Investment Upside: Marketed as a 'rare and remarkable investment opportunity' with 'exceptional long-term upside,' making it highly attractive to investors seeking growth and value.
Cons
Age of Property: Built in 1947, the property likely has older infrastructure (plumbing, electrical, HVAC) and finishes, which may necessitate significant capital expenditure for modernization and upgrades.
Potential for Renovation Needs: As an older income property, there is a likelihood of deferred maintenance or the need for substantial renovations to optimize rental income and attract premium tenants.
Duplex Management Complexity: Managing a duplex involves more complexity than a single-family home, requiring active landlord responsibilities such as tenant screening, lease administration, and maintenance for two separate units.