Homes for sale - 7008 Encino AVE, Lake Balboa, CA 91406

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Trevor Smith

[email protected] +1(858) 539-9999

$ 1,750,000

Est. payment -/mo

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Price Dropped by $145K

7008 Encino AVE Lake Balboa, CA 91406

8 Beds

6 Baths

3,158 SqFt

UPDATED:

11/26/2024 10:49 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,158 sqft

Price per Sqft $554

MLS Listing ID SR24123030

Bedrooms 8

Full Baths 6

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1951

Lot Size 8,877 Sqft

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 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 farmer’s market. With easy access to the 101 and 405 freeways and the Orange Line Busway, this property offers both convenience and a prime location. Don’t miss out on this exceptional investment opportunity—schedule your private tour today!

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LAR1

Rooms

Other Rooms Guest House

Main Level Bedrooms 8

Interior

Interior Features Separate/Formal Dining Room, Open Floorplan, Quartz Counters, Recessed Lighting, Primary Suite, Walk-In Pantry, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Microwave, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Exterior Feature Lighting

Garage Driveway

Fence New Condition, Vinyl

Pool None

Community Features Curbs, Street Lights, Sidewalks, Gated, Park

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

View Y/N No

View None

Roof Type Shingle

Porch Rear Porch, Concrete, Covered, Front Porch

Private Pool No

Building

Lot Description 6-10 Units/Acre, Back Yard, Front Yard, Lawn, Landscaped, Near Park, Near Public Transit, Sprinkler System

Dwelling Type House

Story 1

Entry Level One

Foundation Combination, Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Additional Building Guest House

New Construction No

Construction Status Updated/Remodeled,Turnkey

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 2228027002

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Arthur Aslanian • Berkshire Hathaway HomeServices California Properties • 818-335-1239

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

Trevor Smith

7008 Encino AVE Lake Balboa, CA 91406

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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7008 Encino AVE