6929 Oak Park Avenue, Lake Balboa, California 91406, Lake Balboa, 91406 - 3 bed, 2 bath
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Lake Balboa, California 91406
This Tudor-inspired cottage represents a High-Potential Investment Opportunity, listed at $859,900—positioned well below the $901,910 Fair Market Value by 4%. This valuation gap provides $42,010 in Instant Equity. Featuring a 7,022 sq. ft. lot with a private pool and ADU potential in the detached garage, the property maintains a Condition Rating of 4. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through cosmetic updates in a well-connected Lake Balboa neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6929 Oak Park Avenue Subject | $859,900* List Price | 3 | 2 | 1,530 | $589 | - |
A 16620 Hamlin Street Sold | $925,000 | 3 | 2 | 1,504 | $615 | 0.8 mi |
B 17031 Enadia Way Sold | $800,000 | 3 | 2 | 1,226 | $653 | 0.3 mi |
C 16814 Hartland Sold | $899,000 | 3 | 2 | 1,562 | $576 | 0.3 mi |
D 6524 Forbes Sold | $844,777 | 3 | 2 | 1,226 | $689 | 0.6 mi |
E 17650 Welby Way Sold | $789,999 | 3 | 1 | 1,109 | $712 | 0.8 mi |
F 6914 Andasol Sold | $1,025,000 | 4 | 2 | 1,701 | $603 | 0.4 mi |
G 17256 Lemay Sold | $1,060,000 | 4 | 3 | 1,728 | $613 | 0.5 mi |
H 7001 Jellico Avenue Sold | $885,000 | 3 | 3 | 1,509 | $586 | 0.7 mi |
I 17101 Gault Pending | $899,000 List Price | 3 | 2 | 1,384 | $650 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, this property is a well-preserved but dated traditional cottage. While it features essential system upgrades like a newer HVAC and a new pool pump, the interior retains many original elements including windows and French doors. The kitchen and bathrooms, though functional and move-in ready, exceed the 20-year threshold for modern updates and require cosmetic renovation to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7022, living area = 1530.
Elementary School: Kester Avenue Elementary School (9/10).
The property features a detached garage with an attached bonus room, offering significant potential for an Accessory Dwelling Unit (ADU), home gym, or creative studio to increase property value.
The retention of original windows and French doors, while aesthetically pleasing, may result in lower energy efficiency and less sound insulation compared to modern dual-pane upgrades.
While centrally located, several of the most immediate public schools carry lower performance ratings, which may be a consideration for families prioritizing top-tier educational districts.
Location, location, location! Nestled on a picturesque 7,022 sq. ft. lot in one of Lake Balboa's most sought-after neighborhoods, this enchanting traditional cottage with Tudor-inspired character blends timeless architectural charm with modern comfort. Rich in original detail, the home showcases the beautifully preserved original hardwood floors. Home could use some cosmetic fixing and woodwork around original windows and door frames for someone not afraid of a little TLC!Offering 3 bedrooms, 2 bathrooms, plus a versatile bonus room ideal as a home office, nursery, guest room, or potential fourth bedroom, the flexible floor plan accommodates a variety of lifestyles. An additional spacious bonus room attached to the detached garage provides endless possibilities for a gym, studio, creative workspace, storage or future ADU potential (buyer to verify). This home truly offers SO much potential and is priced to sell.Designed for both everyday living and effortless entertaining, the private resort-style backyard features a sparkling pool framed by mature palm trees, creating a tranquil retreat with exceptional indoor-outdoor flow. The low-maintenance landscaping offers convenience, and buyers may wish to explore potential landscaping incentive programs through LADWP or local agencies at NO COST! (Buyer to verify eligibility).Thoughtful recent upgrades include a new two-stage pool pump, newer HVAC system, and new dishwasher, providing peace of mind and enhanced efficiency.Ideally located near top-rated schools, premier shopping, parks, recreation, dining, and convenient commuter access, this rare Lake Balboa gem offers the perfect balance of classic craftsmanship, modern amenities, and Southern California lifestyle.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,530 | 1,803 |
| Lot Size | 7,022 | 6,372 |
| Price | $859.9K | $891.7K |
| Price per sq ft | $562 | $616 |
| Built year | 1949 | 1952 |
| HOA | $0 | $0 |
| Days on market | 12 | 47 |
Jul 10, 2026
$859,900
Initial Listing
Mar 2, 2007
$595,000
Public Record