7008 Encino Avenue Lake Balboa, CA 91406
UPDATED:
01/04/2025 08:09 PM
Key Details
Property Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 3,158 sqft
Price per Sqft $554
MLS Listing ID SR25001181
Style All Other Attached
Bedrooms 8
Full Baths 6
Construction Status Turnkey,Updated/Remodeled
HOA Y/N No
Year Built 1951
Lot Size 8,877 Sqft
Acres 0.2038
Property Description
At an exciting GRM of 14.6, this fully rented 3-unit property offers an excellent opportunity for those seeking to complete a 1031 exchange or acquire a high-income-generating asset in a prime residential neighborhood of Lake Balboa, conveniently located near the 405 and 101 FWYs just north of Encino. The property features a remodeled and extended 4-bed, 3-bath, 1,613 sq ft main house, a brand-new 3-bed, 2-bath, 1,200 sq ft detached ADU with a paid-off solar system, and a 1-bed, 1-bath, 345 sq ft JADU. In total, it offers 3,158 sq ft of living space with a combined 8-bed, 6-bath count on an 8,877 sq ft lot. Three units, each with its own address, private outdoor space, and in-unit laundry. The main house features an open floor plan with a spacious living room, a primary suite, and a junior suite. It boasts a brand-new kitchen equipped with white shaker cabinetry, quartz countertops, a walk-in pantry, and fully renovated bathrooms. The new detached ADU offers private outdoor space with palm trees, enclosed by a white vinyl fence. Inside, the open floor plan seamlessly connects the spacious living room to the new kitchen, featuring white shaker cabinetry and quartz countertops. The primary bedroom includes a large walk-in closet and a private bathroom with a tub. The newly completed JADU is located at the front of the property and features a living space, a well-sized bedroom with a wall-to-wall closet, and a kitchen with white shaker cabinetry and quartz countertops. The bathroom includes a tub and stackable laundry hookups. Recessed lighting, laminate floors, and double-paned windows are featured throughout all units. Nearby amenities include Lake Balboa Park, golf courses, an off-leash dog park, and a Sunday farmers market. With easy access to the 101 and 405 freeways and the Orange Line Busway, this property offers both convenience and a prime location. Dont miss out on this exceptional investment opportunityschedule your private tour today!
Location
State CA
County Los Angeles
Area Van Nuys (91406)
Zoning LAR1
Interior
Interior Features Recessed Lighting
Cooling Central Forced Air
Flooring Laminate
Equipment Dishwasher, Disposal, Microwave, Gas Range
Appliance Dishwasher, Disposal, Microwave, Gas Range
Laundry Laundry Room, Inside
Exterior
Exterior Feature Stucco
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Shingle
Total Parking Spaces 3
Building
Lot Description Curbs, Sidewalks, Landscaped
Story 1
Lot Size Range 7500-10889 SF
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories 1 Story
Construction Status Turnkey,Updated/Remodeled
Others
Monthly Total Fees $29
Acceptable Financing Cash To New Loan
Listing Terms Cash To New Loan
Special Listing Condition Standard
