
Lake Balboa, California 91406
This Turnkey Multi-Unit Property is a Strong Value Opportunity, listed at $999,999—positioned well below the $1,010,053 Fair Market Value by 1%. This valuation gap offers $10,054 in Instant Equity. Featuring a fully renovated 3+2 main home and a newly permitted 1+1 ADU, the property boasts a Condition Rating of 2. With a large 7,250 sq ft lot offering expansion potential, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income and long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6714 Jellico Subject | $999,999* List Price | 4 | 3 | 1,677 | $602 | - |
A 17630 Kittridge Street Sold | $993,000 | 3 | 2 | 1,675 | $593 | 0.2 mi |
B 6834 Shoshone Sold | $1,100,000 | 4 | 3 | 2,176 | $506 | 0.2 mi |
C 6737 Jellico Sold | $863,000 | 3 | 2 | 1,583 | $545 | 0.1 mi |
D 17008 Hartland St Sold | $920,000 | 4 | 2 | 1,507 | $610 | 0.7 mi |
E 6900 Bianca Sold | $906,000 | 3 | 2 | 1,639 | $553 | 0.3 mi |
F 6820 Jellico Avenue Sold | $888,000 | 3 | 2 | 1,169 | $760 | 0.1 mi |
G 6914 Andasol Sold | $1,025,000 | 4 | 2 | 1,701 | $603 | 0.4 mi |
H 6902 Lasaine Avenue Sold | $1,169,000 | 3 | 2 | 2,032 | $575 | 0.4 mi |
I 16943 Hartland Active | $1,285,000 List Price | 4 | 3 | 2,248 | $572 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a full, meticulous renovation within the last 5 years, featuring a brand-new kitchen with quartz countertops, remodeled bathrooms, and updated systems including a newer roof, upgraded HVAC, and a tankless water heater. The addition of a newly constructed, permitted ADU further confirms its mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7250, living area = 1677.
Elementary School: Kester Avenue Elementary School (9/10).
The property features a newly constructed, fully permitted 400 sq ft ADU with independent utilities, plus a large 7,250 sq ft lot that offers rare potential for a third unit, maximizing investment value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Several of the immediate assigned public schools, particularly the middle school, carry lower performance ratings, which may be a consideration for families prioritizing education metrics.
The property does not offer any significant views of the surrounding landscape or city lights, which may limit its appeal to buyers seeking an aesthetic or elevated vantage point.
FULLY RENOVATED 3+2 HOME + PERMITTED 1+1 ADU + FUTURE EXPANSION POTENTIAL! Location Location Location!! Beautifully and meticulously renovated single-level home tucked away on a quiet, tree-lined cul-de-sac in one of Lake Balboa’s most desirable neighborhoods. This light-filled 3-bedroom, 2-bath residence offers approximately 1,277 square feet of thoughtfully upgraded living space on an expansive 7,000+ square foot lot. Nearly every detail has been improved, including newer windows and doors, updated drywall, recessed LED lighting, waterproof luxury laminate wood flooring, a newer roof, upgraded HVAC system, and a tankless water heater. The open-concept layout creates seamless flow for everyday living and entertaining. The modern kitchen is completely redone with quartz countertops, new cabinetry, stainless steel appliances, and clean, contemporary finishes. The primary suite features a beautifully remodeled bathroom, creating a comfortable private retreat. A spacious laundry room leads directly to the backyard. What truly sets this property apart is the newly constructed, fully permitted approx. 400 sq ft 1-bedroom, 1-bath ADU — a rare and highly valuable addition. Designed as a true independent living space, it features its own full kitchen, stainless steel appliances, dedicated laundry, and a private entrance. Ideal for rental income, multigenerational living, guest quarters, or a private workspace, the ADU provides immediate flexibility and long-term financial upside. The expansive backyard offers a park-like setting with exceptional space and layout, presenting a rare opportunity to potentially add a third ADU (buyer to verify) — further enhancing income potential and future value. Additional highlights include abundant secure off-street parking and a highly convenient location near Lake Balboa Park, Woodley Lakes Golf Course, the Sepulveda Basin Recreation Area, Encino Farmers Market, and the Metro Orange Line, with easy access to the 101 and 405 freeways. A rare opportunity offering modern upgrades, a brand-new income-producing ADU, and future expansion potential — delivering both lifestyle and investment in one compelling property.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,677 | 1,696.1 |
| Lot Size | 7,250 | 6,687.7 |
| Price | $1000.0K | $904.1K |
| Price per sq ft | $596 | $599 |
| Built year | 1950 | 1952 |
| HOA | $0 | $223 |
| Days on market | 19 | 50 |
Aug 21, 2026
$999,999
Initial Listing
Jul 30, 2025
$550,000
Public Record