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

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$ 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:

11/30/2024 04:59 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,158 sqft

Price per Sqft $554

MLS Listing ID CRSR24123030

Style Ranch

Bedrooms 8

Full Baths 6

Originating Board California Regional MLS

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

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LAR1

Rooms

Dining Room Formal Dining Room, Other

Kitchen Dishwasher, Garbage Disposal, Microwave, Pantry, Oven Range - Gas

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Laminate

Fireplaces Type None

Laundry Gas Hookup, 30, Other

Exterior

Parking Features Other

Fence Other

Pool 31, None

View None

Roof Type Shingle

Building

Story One Story

Foundation Raised, Combination, Concrete Slab

Water Hot Water, District - Public

Architectural Style Ranch

Others

Tax ID 2228027002

Special Listing Condition Not Applicable

Listed by Arthur Aslanian • Berkshire Hathaway HomeServices California Properties

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7008 Encino AVE Lake Balboa, CA 91406

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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7008 Encino AVE