7045 Woodley Avenue 110, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 2 bath
Loading property details...
Van Nuys, California 91406
This Upgraded Lake Balboa Condo is a Strong Value Opportunity, listed at $395,000—positioned below the $401,647 Fair Market Value by 1%. This entry point provides $6,647 in Instant Equity, further bolstered by a $60,000 pre-paid special assessment for building modernizations. Boasting a Good Condition Rating, the unit features an updated kitchen, laminate flooring, and central HVAC. Located near top-rated middle schools and Lake Balboa, it is perfect for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7045 Woodley Avenue 110 Subject | $349,800* List Price | 2 | 2 | 813 | $424 | - |
A 15455 Sherman Way 18 Sold | $380,000 | 2 | 2 | 973 | $391 | 0.8 mi |
B 16715 Vanowen Sold | $300,000 | 1 | 2 | 930 | $323 | 0.8 mi |
C 7035 Woodley Avenue 203 Active | $375,000 List Price | 2 | 2 | 878 | $427 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready with significant interior updates. The kitchen has been modernized with stone countertops, white cabinetry, and stainless steel appliances. The unit features contemporary laminate flooring, updated light fixtures, and central HVAC. While the building was constructed in 1989, the interior renovations and the fact that the building is currently undergoing a $60,000-per-unit modernization project place it firmly in the 'good' category, as it requires no immediate repairs and shows minimal wear.
The seller has fully paid a $60,000 special assessment, allowing the buyer to benefit from extensive building modernizations and future value appreciation without the immediate financial burden.
The unit is move-in ready and features highly desirable modern conveniences, including an updated kitchen, in-unit washer and dryer, central HVAC, and two dedicated parking spaces.
The community offers a robust amenity package including a pool, gym, and sauna, situated in a prime Lake Balboa location with easy access to shopping, dining, and freeways.
The monthly association fee of $528.10 is relatively high for an 813-square-foot unit, which may impact overall affordability and debt-to-income ratios for some buyers.
As the building is currently undergoing major renovations, residents may experience temporary noise, dust, and restricted access to common areas until the project is completed.
Huge price reduction to sell!The seller has paid all current mandatory special assessments in full (about $60,000).This is a great opportunity to get a 2-bedroom home at an attractive price. Construction will be completed. The property will be sold as-is, which is why the price was reduced. Please submit a clean offer. The building is currently undergoing renovations and is expected to be upgraded into a more modern and attractive community. Now vacant and ready for immediate move-in! This upgraded and affordable condo offers great value for both owner-occupants and investors. The unit features a bright living room, dining area, and an updated kitchen. The primary bedroom includes a walk-in closet. Enjoy the convenience of an in-unit washer and dryer and central HVAC. The unit also includes two parking spaces. The building is undergoing improvements, which may add future value for the new owner. Community amenities include a gym, pool, and sauna. Excellent location near Lake Balboa, shopping centers, restaurants, and easy freeway access. Move-in ready.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 813 | 1,052 | 11% |
| Lot Size | 37,687 | 49,421 | 44% |
| Price | $349.8K | $380.0K | 22% |
| Price per sq ft | $430 | $398 | 67% |
| Built year | 1989 | 1981 | 67% |
| HOA | $528.1 | $495 | 56% |
| Days on market | 51 | 217 | 33% |
Apr 21, 2026
$349,800
$395,000
-11% Price Drop
Initial Listing
Mar 2, 2026
$395,000
Initial Listing
Oct 29, 2024
$400,000
Public Record
Dec 29, 2020
$345,000
Public Record
Apr 29, 2016
$230,000
Public Record
Apr 28, 2010
$130,000
Public Record