7045 Woodley Avenue 124, Lake Balboa, California 91406, Lake Balboa, 91406 - 2 bed, 3 bath
7045 Woodley Avenue 124
Lake Balboa, California 91406
Property Price
SUMMARY
Analysis of 7045 Woodley Avenue 124, Lake Balboa, California 91406 is currently available with a list price of $499,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Lake Balboa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Dual Primary Suites & Guest Bath
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.
- Direct 2-Car Garage Access with Storage
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.
- HOA Special Assessment Paid Off
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.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fee
The monthly association fee of $597 is relatively high, which could be a significant recurring cost for potential buyers and impact affordability.
- Tri-Level Layout
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.
- Older Construction (1989)
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.
About 7045 Woodley Avenue 124
Welcome to 7045 Woodley Ave, Unit 124 — a rare Lake Balboa offering featuring two true primary suites, 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 comfortable and flexible living space, ideal for modern lifestyles. One of only a limited number of units in the community with direct garage access, this home includes a 2-car attached garage complete with a bonus storage room—perfect for gear, seasonal items, or hobby space. The functional layout makes it well-suited for first-time buyers, roommates, or savvy investors seeking long-term value. The well-maintained HOA features resort-style amenities, including a pool and sauna. Importantly, the current list price includes a full payoff of the HOA special assessment, covering recent and ongoing construction work and improvements to the complex and community common areas—offering buyers added peace of mind and future value. Centrally located near the 405 freeway and in the heart of the San Fernando Valley, this home provides convenient access to shopping, dining, recreation, and major commuter routes in a high-demand rental and owner-occupied market.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 37,687 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $597.0 / Month
Neighborhood Insights
Lake Balboa Unified Schools
Bassett Street Elementary School
Grades PK-5 • 0.5 mi
Bassett Street Elementary School
Grades K-5 • 0.5 mi
William Mulholland Middle School
Grades 6-8 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,028 | 1,063.5 | 33% |
| Lot Size | 37,687 | 43,554 | 50% |
| Price | $499.0K | $475.0K | 67% |
| Price per sq ft | $485 | $414 | 83% |
| Built year | 1989 | 1985 | 50% |
| HOA | $597.0 | $495 | 67% |
| Days on market | 34 | 156 | 33% |
Pricing History
Listed for Sale
Jan 31, 2026
$499,000
Initial Listing
Sold
Jul 28, 2022
$450,000
Public Record
Sold
Feb 2, 2007
$322,000
Public Record