Listing by: Arthur Aslanian, Berkshire Hathaway HomeServices California Properties, 818-335-1239

8 Beds

6 Baths

3,158 SqFt

Active

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.

Property Details
Price $1,895,000
Bedrooms 8
Full Baths 6
Total Baths 6
Property Style Ranch
Lot Size Area 8877
Lot Size Area Units Square Feet
Acres 0.2038
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Stories 1
Features Copper Plumbing Full,Open Floorplan,Quartz Counters,Recessed Lighting
Exterior Features Lighting
Year Built 1951
View None
Roof Shingle
Heating Central
Foundation Combination,Raised,Slab
Lot Description 6-10 Units/Acre,Back Yard,Front Yard,Landscaped,Lawn,Near Public Transit,Park Nearby,Sprinkler System
Laundry Features Gas Dryer Hookup,Inside,Washer Hookup
Pool features None
Parking Description Driveway
Parking Spaces 0
Garage spaces 0
Association Fee 0
Geographic Data
Directions North of Vanowen St, West of Louise Ave
County Los Angeles
Latitude 34.197867
Longitude -118.513891
Market Area LKBL - Lake Balboa
Address Information
Address 7008 Encino Avenue, Lake Balboa, CA 91406
Postal Code 91406
City Lake Balboa
State CA
Country United States
Listing Information
Listing Office Berkshire Hathaway HomeServices California Properties
Listing Agent Arthur Aslanian
Listing Agent Phone 818-335-1239
Attribution Contact 818-335-1239
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
Ownership None
School Information
District Los Angeles Unified
MLS Information
Days on market 136
MLS Status Active
Listing Date Jun 17, 2024
Listing Last Modified Nov 1, 2024
Tax ID 2228027002
MLS Area LKBL - Lake Balboa
MLS # SR24123030

This information is believed to be accurate, but without any warranty.
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