7358 Paso Robles Ave, Lake Balboa, California 91406, Lake Balboa, 91406 - 4 bed, 3 bath
7358 Paso Robles Ave
Lake Balboa, California 91406
Property Price
SUMMARY
Analysis of 7358 Paso Robles Ave, Lake Balboa, California 91406 reveals a property with a current list price of $1,198,000, which is 9% above the estimated $1,094,052 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7358 Paso Robles Ave Subject | $1,198,000* List Price | 4 | 3 | 1,857 | $589 | - |
A 17216 Lorne Street Sold | $950,000 | 4 | 3 | 1,674 | $568 | 0.9 mi |
B 7018 Aldea Avenue Sold | $1,150,000 | 4 | 2 | 2,123 | $542 | 0.6 mi |
C 17007 Bassett Street Sold | $1,050,000 | 4 | 2 | 1,721 | $610 | 0.6 mi |
D 17232 Elkwood Sold | $855,000 | 3 | 2 | 1,772 | $483 | 0.7 mi |
E 6714 Mclennan Sold | $968,000 | 3 | 2 | 1,418 | $683 | 0.9 mi |
F 17419 Leadwell Active Under Contract | $899,000 List Price | 4 | 2 | 1,848 | $486 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1951 property has been fully reimagined and extensively renovated within the last year, effectively bringing it to like-new condition. The renovation includes all-new plumbing, updated electrical systems, new windows, and recessed lighting throughout. The interior features a modern open layout with a designer primary suite and a high-end kitchen. Additionally, the property includes a fully renovated, turnkey detached ADU, meeting all criteria for the highest condition rating with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Income Potential
The property includes a fully detached ADU with a private entrance, bedroom, and full bathroom, providing an excellent opportunity for rental income or multigenerational living.
- Turnkey Renovation
This residence has been fully reimagined with modern finishes, new plumbing, updated electrical, and new windows, offering a move-in-ready experience with no immediate capital improvements needed.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6050, other record lot size in square feet = 7088. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1857, other record living area = 1457. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Recently Sold Property
The property was recently sold within the past year on 2025-10-08. The sold price is $710,000.00.
- Local School Ratings
The majority of the immediate elementary and middle schools assigned to this address have lower performance ratings, which may be a concern for education-focused families.
About 7358 Paso Robles Ave
The kind of home you walk into and immediately fall in love. Fully reimagined with comfort and elegance in mind, this beautifully renovated residence blends modern living with real income potential. The main home offers a bright open layout, recessed lighting throughout, updated windows, and all new plumbing and updated electrical. The spacious primary suite features a walk-in closet and a designer full bathroom with sleek glass shower doors. Step outside to a generous backyard perfect for gatherings, kids, pets, or fun. The detached ADU is fully heated and cooled. It includes a private entrance. With a bedroom, and full bathroom ideal for rental income, guests, or multigenerational living. Tasteful finishes and included appliances make this a true turnkey property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 6,050 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Balboa Unified Schools
Gault Street Elementary School
Grades K-5 • 0.4 mi
Gault Street Elementary School
Grades K-5 • 0.4 mi
Stagg Street Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,857 | 1,509 | 75% |
| Lot Size | 6,050 | 6,509 | 26% |
| Price | $1.20M | $875.0K | 89% |
| Price per sq ft | $645 | $610 | 64% |
| Built year | 1951 | 1950 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 164 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,198,000
Initial Listing
Sold
Oct 8, 2025
$710,000
Public Record