Lake Balboa, CA 91406,7008 Encino Avenue
Lake Balboa, CA 91406,7008 Encino Avenue
Lake Balboa, CA 91406,7008 Encino Avenue
Lake Balboa, CA 91406,7008 Encino Avenue
Lake Balboa, CA 91406,7008 Encino Avenue
Lake Balboa, CA 91406,7008 Encino Avenue
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$ 1,750,000
Est. payment | /mo

8 Beds

6 Baths

3,158 SqFt


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$ 1,750,000
Est. payment | /mo
Save

8 Beds

6 Baths

3,158 SqFt

Key Details

Property Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 3,158 sqft

Price per Sqft $554

MLS Listing ID SR24123030

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 a new price and an exciting GRM of 14.6, this fully rented three-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 fl
At a new price and an exciting GRM of 14.6, this fully rented three-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 Copper Plumbing Full, Recessed Lighting

Cooling Central Forced Air

Flooring Laminate

Equipment Dishwasher, Disposal, Microwave, Gas Range

Appliance Dishwasher, Disposal, Microwave, Gas Range

Laundry Inside

Exterior

Exterior Feature Stucco

Fence New Condition, Vinyl

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Shingle

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, Cash To New Loan

Listing Terms Cash, Cash To New Loan

Special Listing Condition Standard

San Diego Regional MLS (SDMLS)
Listed by Arthur Aslanian • Berkshire Hathaway HomeServices California Properties
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1615 Murray Canyon Rd Suite 110, Diego, California, 92108, United States

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7008 Encino Avenue