
Lake Balboa, California 91406
This Single Family Residence represents a Strong Value Opportunity, listed at $849,999—positioned well below the $906,317 Fair Market Value by 6%. This valuation gap provides $56,318 in Instant Equity. Featuring a Good Condition Rating, the home includes a private pool and a strategic corner lot with ADU conversion potential. This property balances immediate lifestyle appeal with long-term wealth-building, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, well-located asset in Lake Balboa.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7027 Gloria Avenue Subject | $849,999* List Price | 3 | 2 | 1,581 | $573 | - |
A 15732 Covello St Sold | $807,500 | 3 | 2 | 1,305 | $619 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1958, the property shows evidence of a comprehensive renovation likely performed within the last 5-10 years. The interior features updated wide-plank laminate flooring, recessed lighting, and a modernized fireplace. The kitchen is updated with white shaker cabinets and stone countertops. The presence of a roof-mounted HVAC system and a well-maintained pool area indicates the home is move-in ready and functional, fitting the 5-15 year renovation window for a 'Good' rating.
The property features a sparkling private pool and a backyard retreat designed for entertaining, offering a highly desirable Southern California lifestyle.
Situated on a corner lot, the property offers the strategic advantage of converting the garage into an Accessory Dwelling Unit (ADU), providing potential for rental income or multi-generational living.
Located in the coveted Lake Balboa area, the home enjoys close proximity to popular parks, shopping, dining, and major commuter routes, ensuring strong long-term value.
With a lot size of 4,966 square feet, the outdoor space may feel constrained once the pool and potential ADU are factored in, leaving limited traditional yard space.
Built in 1958, the home may require updates to its original systems or cosmetic finishes to meet the expectations of modern buyers looking for contemporary luxury.
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 |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,581 | 1,803 |
| Lot Size | 4,966 | 6,372 |
| Price | $850.0K | $891.7K |
| Price per sq ft | $538 | $616 |
| Built year | 1958 | 1952 |
| HOA | $0 | $0 |
| Days on market | 27 | 47 |
Jun 25, 2026
$849,999
Initial Listing
Nov 13, 2020
$747,000
Public Record
Feb 27, 2014
$445,000
Public Record
Apr 4, 2011
$293,000
Public Record