
Lake Balboa, California 91406
This Multi-Unit Residential Compound is listed at $1,199,000, representing a stable and fair acquisition at its $1,199,000 Fair Market Value. The property features a Permitted Second Dwelling with separate meters and a main residence in Move-In Ready Condition. Major infrastructure upgrades, including full copper plumbing and an upgraded 200-amp electrical panel, ensure long-term reliability. Set on a gated 10,000+ sq ft lot with an oversized RV garage, sun deck, and Neighborhood Views, this home offers rare utility near Lake Balboa Park. It is an ideal match for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6648 Gaviota Avenue Subject | $1,199,000* List Price | 0 | 0 | 2,695 | $445 | - |
A 15934 Kittridge Sold | $1,000,000 | 3 | 2 | 2,531 | $395 | 0.1 mi |
B 6819 Chisholm Avenue Sold | $1,166,000 | 3 | 2 | 2,136 | $546 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1946, the property has undergone significant renovations and system upgrades. Key features include a newer composition shingle roof, 200-amp electrical panel with rewiring, and full copper plumbing. The kitchens in both units feature modern quartz countertops and recessed lighting. The interior is well-maintained with smooth ceilings and updated tile/laminate flooring, making it move-in ready and consistent with a 5-15 year renovation profile.
The property features a fully permitted second dwelling with its own address and separate utility meters, offering exceptional potential for rental income or multi-generational living.
Major capital improvements include full copper plumbing, an upgraded 200-amp electrical panel, a newer composition shingle roof, and an 8-camera security system, reducing immediate maintenance concerns.
Situated on a 10,000+ sq ft gated lot, the property includes an oversized RV/boat garage with 11-foot clearance and a separate workshop, providing rare utility for hobbyists or those with large vehicles.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2695, other record living area = 2295.
A converted garage and recreation area within the main structure includes a kitchen and bathroom completed without permits, which may create challenges for financing or future legal compliance.
Originally built in 1946 with multiple additions and bonus rooms, the interior flow may feel disjointed compared to modern open-concept designs, potentially requiring reconfiguration.
A rare Lake Balboa offering featuring a 3-bedroom, 2-bath main residence and a permitted 1-bedroom, 1.5-bath second dwelling unit. With two separate addresses, it provides exceptional flexibility for multi-generational living, rental income, or extended family use. Set behind remote-controlled electric gates, the property sits far back from the street on a 10,000+ sq ft lot with a long gated driveway, offering privacy and impressive curb appeal. The main residence offers a spacious and functional layout with a living room, family room, dining area, and full kitchen with quartz countertops. Interior updates include recessed lighting, smooth ceilings, and custom tile flooring throughout. A bonus room with a separate entrance adds flexibility and can be easily integrated into the main home. The second unit features a primary bedroom with private bath, guest half bath, large living area, full kitchen with quartz countertops, high ceilings, and access to a balcony and sun deck. The second unit benefits from separate water, gas, and electric meters and has its own address, offering privacy and independence. In addition, the property includes an existing converted area within the main structure that was originally a garage and recreation room. This space is currently improved with a kitchen, living area, bedroom, and bathroom; however, these improvements were completed without permits for their current use. Due to its location within the main residence and existing layout, this area may offer potential to be reconfigured as an ADU, subject to buyer verification, permits, and approval by the City. Major upgrades include full copper plumbing (including the main line from the street), upgraded 200-amp electrical panel and rewiring, newer gas line from the city, newer composition shingle roof, pre-wiring for home theater in two rooms, and an 8-camera security surveillance system. Exterior highlights include an oversized RV/boat garage with approximately 11-foot clearance, a large workshop or storage space at the rear of the property with utilities and A/C, and ample gated parking. Conveniently located near Lake Balboa Park, golf course, The Japanese Garden, off-leash dog park, FlyAway bus terminal, and with easy access to the 405 and 101 freeways, this is a unique opportunity offering privacy, flexibility, and exceptional utility in a desirable Valley location. Read photo descriptions.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 2,695 | 1,508 | 93% |
| Lot Size | 10,391 | 6,641 | 88% |
| Price | $1.20M | $885.0K | 87% |
| Price per sq ft | $445 | $607 | 10% |
| Built year | 1946 | 1950 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 160 | 11% |
Feb 13, 2026
$1,199,000
Initial Listing
May 16, 2003
$300,000
Public Record
Dec 13, 1996
$150,000
Public Record