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71
Photos
7008 Encino Avenue, Lake Balboa, CA 91406
$1,895,000 Asking Price
$---/mo Est. Payment Get Prequalified »
8
beds
6
baths
3,158
sqft
Built in
1951
Three units on an 8,877 sq ft lot, each with its own address and private outdoor space, in a hot neighborhood! Ideal for investors or those seeking a primary residence with high rental income. This remarkable property consists of a 1,613 Sq Ft remodeled and expanded Main House with 4-Beds, 3-Baths, a 1,200 Sq Ft brand-new detached ADU with 3-Beds, 2-Baths, and a 345 Sq Ft brand-new JADU with 1-Bed, 1-Bath, located in one of the most desirable pockets of prime Lake Balboa. The main house has an open floor plan with primary and junior suites, a large living room opening to the outdoors, a brand-new kitchen with white shaker cabinetry, quartz countertops, stainless steel appliances, and a walk-in pantry, plus brand-new bathrooms. The primary suite includes a walk-in closet, sitting area, and sliding doors for outdoor access, while the other bedrooms and bathrooms are positioned on the opposite side for privacy. Additional features include inside laundry, central air & heat, new laminate floors, recessed lighting, and white vinyl fencing. The private outdoor space includes a large covered patio and a driveway for multiple cars. The new detached ADU includes 3 beds, 2 baths, its own address, private outdoor space, solar panels, and indoor laundry. The landscaped outdoor area has palm trees, pebble stones, and new sod, surrounded by a white vinyl fence. Inside, the open floor plan connects the spacious living room and the new kitchen with white shaker cabinetry, quartz countertops, and stainless-steel appliances. The primary bedroom has a large walk-in closet and a private bathroom with a tub. The newly completed JADU, with 1 bedroom and 1 bathroom, is at the front of the property with its own address. It features a living space, a well-sized bedroom with mirrored closet doors, and a kitchen with white shaker cabinetry, quartz countertops, a new gas range, and microwave. The bathroom includes a tub and stackable laundry hook-ups. Enjoy a quiet street, curb appeal with palm trees, and easy parking. Nearby amenities include Lake Balboa Park, golf courses, an off-leash dog park, and a Sunday farmer’s market. Easy access to the 101 and 405 freeways and the Orange Line Busway. Nothing like it on the market, this is an excellent opportunity to experience Lake Balboa living while investing in a property with great rental income potential, featuring a total of 8 bedrooms and 6 bathrooms.
Features & Amenities
Interior
- General:
- Separate/Formal Dining Room,Open Floorplan,Quartz Counters,Recessed Lighting,Primary Suite,Walk-In Pantry,Walk-In Closet(s)
- Appliances:
- Dishwasher,Disposal,Gas Range,Microwave,Water Heater
- Laundry:
- Washer Hookup,Gas Dryer Hookup,Inside
- Flooring:
- Laminate
- A/C:
- true, Central Air
- Heating:
- true, Central
- Fireplace:
- None
Exterior
- General:
- Lighting, Guest House
- Style:
- Ranch
- Other Structures:
- Guest House
- Pool:
- None
- Parking:
- Driveway, Parking spaces: 0
Construction
- Roofing:
- Shingle
- Windows:
- Double Pane Windows,Screens
- General:
- Stucco,Copper Plumbing, 1, Combination,Raised,Slab
Location
- Road/Access:
- City Street
- HOA Amenities:
- 0.0
- Originating MLS:
- CRMLS
- School District:
- Los Angeles Unified
- County:
- Los Angeles
Lot
- Zoning:
- LAR1, 2228027002
- View:
- None
- Fencing:
- New Condition,Vinyl
Utilities
- Utilities:
- Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Standard
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- CRMLS
This listing courtesy of:
Berkshire Hathaway HomeServices California Properties, Arthur Aslanian
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Van Nuys, CA
Housing
- Number of Units
- 62,033
- Median Home Value
- $629,101
- Median Rent
- $1,371
67.32% of housing units are renter occupied.
3.95% are vacant.
Commute
- Car
-
63.21%
- Public Transportation
-
5.34%
- Walk to Work
-
1.64%
- Work from Home
-
28.33%
- Other
-
0.75%
The median travel time to work is 27 minutes.
People
- Population
- 171,714
- Median Age
- 36.00
- Median Household Size
- 2.88
Education
- High School
-
21.14%
- Associate’s Degree
-
7.27%
- Bachelor’s Degree
-
22.22%
- Graduate Degree
-
8.86%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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