7027 Gloria Avenue, Lake Balboa, California 91406, Lake Balboa, 91406 - 3 bed, 2 bath
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Lake Balboa, California 91406
This Modernized Entertainer’s Retreat is a Strong Value Opportunity, listed at $849,900—positioned well below the $906,254 Fair Market Value by 6%. This valuation gap provides $56,354 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the home features a private pool, granite kitchen, and updated bathrooms. The corner lot location offers significant ADU conversion potential for the detached garage, enhancing long-term ROI. Located in the Los Angeles Unified district, it perfectly balances lifestyle luxury with financial upside. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7027 Gloria Avenue Subject | $849,900* List Price | 3 | 2 | 1,581 | $573 | - |
A 16201 Gilmore Street Sold | $1,060,000 | 3 | 2 | 1,684 | $629 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant modern updates throughout. The kitchen features high-end stainless steel appliances, granite countertops, a pot filler, and updated shaker cabinetry. Bathrooms have been modernized with contemporary vessel sinks and mosaic tile accents. The home features consistent wood-look flooring, recessed lighting, and updated fixtures, indicating an extensive renovation likely completed within the last 5 to 10 years, effectively mitigating the age of the 1958 structure.
The property features a sparkling private pool and a dedicated backyard retreat, offering a quintessential Southern California lifestyle perfect for entertaining.
Positioned on a corner lot, the garage presents a prime opportunity for conversion into an Accessory Dwelling Unit (ADU), adding significant value and versatility for rental income or guests.
Situated in a highly sought-after neighborhood, the home provides convenient access to local parks, shopping, dining, and major commuter routes, enhancing its long-term appeal.
With a lot size under 5,000 square feet and a large pool, the remaining outdoor green space is minimal, which may not suit buyers seeking a traditional lawn.
Built in 1958, the home may require updates to its original systems or cosmetic refreshments to meet modern energy efficiency and aesthetic standards.
Entertainer’s Dream with Pool in coveted Lake Balboa! Welcome to this charming and well-located home offering comfort, functionality, and the ultimate Southern California lifestyle with your own private pool. Step inside to a bright and inviting interior filled with natural light, featuring a functional layout that flows seamlessly through the living, dining, and kitchen areas, perfect for both everyday living and entertaining. The living space provides a warm and welcoming atmosphere, ideal for relaxing or hosting guests. The true highlight of this home is the private backyard retreat, complete with a sparkling pool, perfect for cooling off on warm days, entertaining friends and family, or simply enjoying your own outdoor oasis. The home also offers comfortable bedrooms and versatile spaces to fit your lifestyle needs, whether it’s a home office, guest room, or creative space. Located on a corner of this retreat also offers the abilty to covert the garage to and ADU. Conveniently located near shopping, dining, parks, and major commuter routes, this Lake Balboa property offers both accessibility and lifestyle appeal. This is a fantastic opportunity to own a home with a pool in Los Angeles, schedule your private showing today and make it yours!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,581 | 1,508 | 57% |
| Lot Size | 4,966 | 6,556 | 1% |
| Price | $849.9K | $882.0K | 35% |
| Price per sq ft | $538 | $607 | 34% |
| Built year | 1958 | 1950 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 160 | 1% |
Apr 17, 2026
$849,900
Initial Listing
Nov 13, 2020
$747,000
Public Record
Feb 27, 2014
$445,000
Public Record
Apr 4, 2011
$293,000
Public Record