7008 Encino Ave, Lake Balboa, CA 91406
$1,750,000 Mortgage Calculator Active Single Family Residence
Property Details
About this Property
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
MLS Listing Information
MLS #
CRSR24123030
MLS Source
California Regional MLS
Days on Site
188
Interior Features
Bedrooms
Primary Suite/Retreat
Kitchen
Pantry
Appliances
Dishwasher, Garbage Disposal, Microwave, Other, Oven Range - Gas
Dining Room
Formal Dining Room, Other
Fireplace
None
Flooring
Laminate
Laundry
Hookup - Gas Dryer, Other
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Shingle
Foundation
Combination, Raised, Slab
Pool
None
Style
Ranch
Parking, School, and Other Information
Garage/Parking
Other, Garage: 0 Car(s)
Elementary District
Los Angeles Unified
High School District
Los Angeles Unified
HOA Fee
$0
Zoning
LAR1
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
7008 Encino Ave is a Single Family Residence in Lake Balboa, CA 91406. This 3,158 square foot property sits on a 8,877 Sq Ft Lot and features 8 bedrooms & 6 full bathrooms. It is currently priced at $1,750,000 and was built in 1951. This address can also be written as 7008 Encino Ave, Lake Balboa, CA 91406.
©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of November 30, 2024. For the most current information, please contact Arthur Aslanian
