7301 Balboa Boulevard 8, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 2 bath
7301 Balboa Boulevard 8
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 7301 Balboa Boulevard 8, Van Nuys, California 91406 is currently available with a list price of $490,000. 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 Van Nuys 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.
Built in 1981, this property is well-maintained and move-in ready with functional updates like stainless steel kitchen appliances, updated bathroom vanities, and central A/C. However, the kitchen features dated tiled countertops (contrary to the 'granite' description) and tile flooring. The dining area's mirrored walls and the fireplace's tile surround also reflect an older aesthetic. While clean and functional, these elements show signs of being outdated and would require minor to moderate updates to achieve a modern look.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Gated Community & Security
The property is located within a desirable gated community, offering enhanced security and a sense of exclusivity for residents.
- Modern & Functional Interior Features
The unit boasts high and vaulted ceilings, a cozy fireplace, a private patio, central A/C and heating, and an updated kitchen with granite countertops and stainless steel appliances, providing a comfortable and contemporary living experience.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $575 is relatively high, which will add a significant recurring cost to homeownership.
- Building Age
Built in 1981, the property is over 40 years old, which may lead to higher maintenance costs or require updates to certain systems in the future, despite current good condition.
- Compact Square Footage
With 964 square feet for a 2-bedroom, 2-bathroom unit, the living space may be considered compact by some buyers seeking more expansive rooms or larger overall footprint.
About 7301 Balboa Boulevard 8
Welcome to 7301 Balboa Blvd Unit 8, a spacious and well-appointed, located in a desirable gated community in the heart of Van Nuys. This Condominiums of 2 bedrooms and 2 bathrooms across a thoughtfully designed floorplan, perfect for comfortable living and entertaining. Step into the bright living room featuring high ceilings, a cozy fireplace, and sliding glass doors that open to a private patio—ideal for indoor-outdoor relaxation. The split-level layout includes a dedicated dining area and an updated kitchen with ample cabinetry, granite countertops, and stainless steel appliances. Upstairs, the primary suite boasts vaulted ceilings, plenty of closet space , and an en-suite bath Other highlights include in-unit laundry, with a a two-car garage, and central A/C and heating. Community amenities include a sparkling pool and spa, guest parking, and beautifully maintained grounds. Conveniently located near shopping, restaurants, parks, and major freeways for an easy commute throughout the Valley.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 36,046 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $575.0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Gault Street Elementary School
Grades K-5 • 0.3 mi
Gault Street Elementary School
Grades K-5 • 0.4 mi
Stagg Street Elementary School
Grades K-5 • 0.7 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 | 2.0 | 2.0 | 50% |
| Square foot | 964 | 1,063.5 | 17% |
| Lot Size | 36,046 | 42,733.5 | 50% |
| Price | $490.0K | $475.0K | 67% |
| Price per sq ft | $508 | $414 | 83% |
| Built year | 1981 | 1981 | 50% |
| HOA | $575.0 | $495 | 67% |
| Days on market | 220 | 195 | 67% |
Pricing History
Listed for Sale
Aug 29, 2025
$490,000
Initial Listing
Price Change
Jul 29, 2025
$480,000
Initial Listing