7927 Paso Robles Avenue, Lake Balboa, California 91406, Lake Balboa, 91406 - 2 bed, 1 bath
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Lake Balboa, California 91406
Analysis of 7927 Paso Robles Avenue, Lake Balboa, California 91406 is currently available with a list price of $950,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1947, this property is marketed primarily for its land value and development potential rather than the existing structure. The listing explicitly targets investors, highlighting the massive 14,094 sqft lot and the potential for multiple ADUs or homes under AB 1033. Images show a significantly aged and weathered exterior, and the description emphasizes the 'as-is' condition, suggesting the current 2-bedroom home is a candidate for demolition to make way for new construction.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14099, living area = 1242.
Elementary School: Kester Avenue Elementary School (9/10).
The property features an enormous 14,099 sqft lot, providing a rare and significant land opportunity in the desirable Lake Balboa neighborhood for large-scale development.
The property is being sold in its current condition, which likely necessitates a full renovation or teardown, requiring substantial additional capital investment from the buyer.
The current 2-bedroom, 1-bathroom structure is modest at 1,242 sqft, making the high list price almost entirely dependent on land value rather than the existing dwelling's functionality.
Calling ALL INVESTORS!! Land! Land! Land! Outstanding Lake Balboa Location. Unlimited Possibilities & Endless Opportunities All On An Enormous 14,094 SqFt Lot In A Fantastic Lake Balboa Neighborhood. Ultra Rare Chance. Fabulous As-Is Or Create Your Dream Home Here. Great Location. Close To Everything. Opportunity At Its Best. Do Not Miss. Rare Offering. Check out AB 1033 to see the endless potential of the number of homes or ADU's that can be built on this property!!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 1,242 | 1,469 | 31% |
| Lot Size | 14,099 | 6,638 | 94% |
| Price | $950.0K | $885.0K | 62% |
| Price per sq ft | $765 | $608 | 87% |
| Built year | 1947 | 1950 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 160 | 3% |
Mar 10, 2026
$950,000
Initial Listing