7045 Woodley Avenue 124, Lake Balboa, California 91406, Lake Balboa, 91406 - 2 bed, 3 bath
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Lake Balboa, California 91406
This Tri-Level Townhome is listed at $499,000, representing a stable acquisition in Lake Balboa relative to its $459,931 Fair Market Value. The property features Two Primary Suites, a Direct-Access 2-Car Garage, and a Condition Rating of 4, offering a well-maintained interior with potential for cosmetic updates. A significant advantage is the Paid-Off HOA Special Assessment, alongside Resort-Style Amenities like a pool and sauna. Located within the Los Angeles Unified district near Bassett Street Elementary, this home is ideal for first-time buyers or Owner-Occupants seeking a commuter-friendly lifestyle near the 405 freeway.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7045 Woodley Avenue 124 Subject | $469,000* List Price | 2 | 3 | 1,028 | $439 | - |
A 15455 Sherman Way 18 Sold | $380,000 | 2 | 2 | 973 | $391 | 0.8 mi |
B 15455 Sherman Way 15 Sold | $465,000 | 2 | 2 | 1,052 | $442 | 0.8 mi |
C 7035 Woodley 205 Active | $405,000 List Price | 2 | 2 | 907 | $447 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1989, shows a mix of updates and dated features. While the living areas have newer laminate flooring and one bathroom has updated tile and vanity lighting, the kitchen features older white cabinets and dark countertops, and the bedrooms retain dated patterned carpeting. The second bathroom also appears dated with its color scheme and basic fixtures. The overall condition suggests regular maintenance and some cosmetic updates, but a full renovation has not occurred, leaving several areas requiring minor to moderate updates to meet current standards.
The property features two true primary suites, each with its own full bathroom, plus a convenient half bath on the main living level, offering excellent flexibility for residents or guests.
This unit is one of a limited number in the community with direct access to a 2-car attached garage, which also includes a bonus storage room, providing significant convenience and utility.
The current list price includes a full payoff of the HOA special assessment, covering recent and ongoing community improvements, offering buyers peace of mind and future value without additional costs.
The monthly association fee of $597 is relatively high, which could be a significant recurring cost for potential buyers and impact affordability.
The tri-level townhome design, while offering flexible space, involves multiple staircases which may not be suitable for all buyers, particularly those with mobility concerns or a preference for single-level living.
Built in 1989, the property is not new construction, and while the HOA has undergone recent improvements, the interior finishes and systems of the unit may be dated and potentially require future updates or renovations.
Welcome to 7045 Woodley Ave, Unit 124 — a rare Lake Balboa offering featuring two en-suite bedrooms, each with its own full bathroom, plus a convenient half bath on the main living level. This thoughtfully designed tri-level townhome offers over 1,000 square feet of flexible living space. One of only a limited number of units in the community with direct-access garage entry, this home includes a 2-car attached garage with a bonus storage room. The community is currently undergoing extensive upgrades, including improvements to the garage, balconies, pool/spa, exterior, common areas, and roof. Amenities include a pool and sauna. Priced within a value range of $399,000–$469,000, this property presents a unique opportunity. Seller may offer flexible options regarding the existing HOA special assessment, depending on the terms of the offer. Centrally located near the 405 freeway with convenient access to shopping, dining, and recreation. Buyer to independently verify all information.
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 | 3.0 | 2.0 | 78% |
| Square foot | 1,028 | 1,052 | 44% |
| Lot Size | 37,687 | 49,421 | 44% |
| Price | $469.0K | $465.0K | 56% |
| Price per sq ft | $456 | $398 | 78% |
| Built year | 1989 | 1981 | 67% |
| HOA | $597.0 | $495 | 78% |
| Days on market | 81 | 217 | 33% |
Apr 18, 2026
$469,000
$499,000
-6% Price Drop
Initial Listing
Jan 31, 2026
$499,000
Initial Listing
Jul 28, 2022
$450,000
Public Record
Feb 2, 2007
$322,000
Public Record