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 #
CRSR24124108
MLS Source
California Regional MLS
Days on Site
188
Interior Features
Kitchen
Pantry
Appliances
Dishwasher, Garbage Disposal, Microwave, Other, Oven Range - Gas
Flooring
Laminate
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Shingle
Foundation
Raised, Slab
Pool
None
Style
Ranch
Parking, School, and Other Information
Garage/Parking
Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 0 | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
7008 Encino Ave is a Triplex in Lake Balboa, CA 91406. This – square foot property sits on a 8,877 Sq Ft Lot and features – bedrooms & – 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.
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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
