7446 Dempsey, Lake Balboa, California 91406, Lake Balboa, 91406 - 4 bed, 2 bath
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Lake Balboa, California 91406
This Value-Add Residential Asset represents a High-Potential Investment Opportunity in the Lake Balboa market. Listed at $749,500, the property is positioned near its $727,146 Fair Market Value, offering a stable entry point for a high-upside rehabilitation project. With a Condition Rating of 5, the structure requires a complete overhaul but features a versatile 4-bedroom layout and a detached garage with a 300+ sq ft bonus room. The alley-facing access provides the ideal footprint for a private ADU conversion, maximizing future rental yield. This project is perfectly suited for Fix-and-Flip Investors or Contractors looking to capitalize on strong local commuter demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7446 Dempsey Subject | $749,500* List Price | 4 | 2 | 1,579 | $461 | - |
A 7407 Densmore Avenue Sold | $725,000 | 3 | 1 | 1,356 | $535 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is a heavy fixer-upper requiring substantial rehabilitation. Interior images reveal significant deferred maintenance, including damaged ceilings, missing or severely stained flooring, and outdated kitchen and bathrooms. The listing explicitly targets investors and contractors for an 'as-is' sale, highlighting the need for major system updates and a complete aesthetic overhaul.
The detached garage features an additional 300+ sq ft attached room and alley access, offering a prime opportunity to create a private Accessory Dwelling Unit for rental income or multi-generational living.
Boasting 4 bedrooms and 2 bathrooms within approximately 1,600 sq ft, the home provides a spacious and versatile layout that is highly desirable for larger families or high-occupancy rentals.
Located in Lake Balboa with convenient freeway access and close proximity to the Van Nuys FlyAway, the property is ideally situated for tenants and homeowners prioritizing transit accessibility.
Sold in 'as-is' condition and marketed specifically to investors and contractors, the property likely requires substantial capital improvement to address aesthetic and structural needs.
Built in 1949, the home may necessitate costly updates to major systems such as electrical, plumbing, and roofing to bring the structure up to modern building codes and standards.
CALLING ALL INVESTORS- Great investment opportunity in Lake Balboa! This approximately 1,600 sq ft home features 4 bedrooms and 2 bathrooms with a functional layout and strong value-add potential. Property includes a detached garage with an additional approx. 300+ sq ft attached room, offering ADU conversion possibilities (buyer to verify). Garage is alley-facing, allowing for a separate and private entrance. Located in a desirable neighborhood with convenient access to freeways and close proximity to the FlyAway, making it appealing for commuters and future tenants. Ideal for investors and contractors looking to renovate and maximize value. Property sold as-is. Buyer to investigate and verify all information, including square footage, permits, and ADU possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,579 | 1,508 | 57% |
| Lot Size | 6,201 | 6,556 | 32% |
| Price | $749.5K | $882.0K | 19% |
| Price per sq ft | $475 | $607 | 13% |
| Built year | 1949 | 1950 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 160 | 1% |
Apr 16, 2026
$749,500
Initial Listing