7129 Forbes Avenue, Lake Balboa, California 91406, Lake Balboa, 91406 - 4 bed, 3 bath
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Lake Balboa, California 91406
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $1,099,000—positioned well below the $1,114,941 Fair Market Value by 1.4%. This valuation gap offers $15,941 in Instant Equity. Featuring a Good Condition Rating, the home includes a Granite Kitchen, smart home technology, and a versatile floor plan. Located in the Los Angeles Unified district, it offers proximity to diverse schooling options. This property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a modern, move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7129 Forbes Avenue Subject | $1,099,000* List Price | 4 | 3 | 2,525 | $442 | - |
A 17065 Cantlay Sold | $1,380,000 | 4 | 3 | 2,601 | $531 | 0.4 mi |
B 6646 Petit Avenue Sold | $1,205,000 | 5 | 3 | 2,280 | $529 | 0.6 mi |
C 16729 Archwood Sold | $965,000 | 3 | 3 | 1,803 | $535 | 0.5 mi |
D 17419 Leadwell Sold | $882,000 | 4 | 2 | 1,848 | $477 | 0.8 mi |
E 17064 Cantlay Sold | $1,275,000 | 4 | 3 | 2,832 | $450 | 0.4 mi |
F 7822 Goldmine Lane Active | $939,000 List Price | 4 | 3 | 1,972 | $476 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007 (17 years old), this property fits the 10-20 year age bracket for a 'Good' rating. The interior is well-maintained and move-in ready with functional kitchen and baths featuring granite countertops and stainless steel appliances. The inclusion of smart home features and updated flooring suggests consistent maintenance despite being a short sale.
Elementary School: Kester Avenue Elementary School (9/10).
Built in 2007, this residence is significantly newer than many homes in the area and features integrated smart home technology, including automated lighting, security cameras, and built-in surround sound.
The 2,525-square-foot layout includes an expansive 18'x18' primary suite and a valuable downstairs bedroom, providing flexibility for multi-generational living or a dedicated home office.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5108, other record lot size in square feet = 5162.
The property is a short sale, which typically involves a more complex and lengthy closing process requiring third-party lender approval, potentially deterring buyers on a strict timeline.
With a lot size of 5,108 square feet for a large 2,525-square-foot home, the outdoor footprint is relatively compact, which may limit space for those seeking a large traditional backyard.
This is a Short Sale. This lovely 2,525-square-foot home, constructed in 2007 in Van Nuys, offers 4 bedrooms and 3 bathrooms. The expansive primary suite includes an 18'x18' bedroom with two walk-in closets, dual sinks, a separate shower, and a soaking tub. A versatile downstairs bedroom is ideal for guests or a home office. The residence is equipped with modern conveniences like a dedicated laundry room, a two-car garage, and smart home features such as customized lighting, a smart lock, thermostat, and security cameras. Entertainment is enhanced by built-in surround sound speakers and a gas fireplace. Outdoors, the property boasts drought-tolerant ficus trees, a vertical garden, a strawberry patch, and a raised garden bed with an automatic watering system. Designed for privacy, this home is perfect for both indoor and outdoor entertaining. Make sure to come see.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,525 | 1,803 |
| Lot Size | 5,108 | 6,372 |
| Price | $1.10M | $891.7K |
| Price per sq ft | $435 | $616 |
| Built year | 2007 | 1952 |
| HOA | $0 | $0 |
| Days on market | 10 | 47 |
Jul 12, 2026
$1,099,000
Initial Listing
Jun 21, 2023
$1,100,000
Public Record
Dec 13, 2000
$200,000
Public Record