7008 Encino Ave
Lake Balboa, CA 91406
At an exciting GRM of 14.6, this fully rented 3-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.
Sales Price $1,750,000
Lake Balboa Single Family Home
Beds
8
Baths
6
Home Size
3158 Sq. Ft.
Lot Size
8877 Sq. Ft.
At an exciting GRM of 14.6, this fully rented 3-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!
This home located at 7008 Encino AVE is currently active and has been available on pardeeproperties.com for 29 days. This property is listed at $1,750,000. It has 8 beds and 6 bathrooms. The property was built in 1951. 7008 Encino AVE is in the Lake Balboa community of Los Angeles County.
Quick Facts
- 29 days on market
- Built in 1951
- Total parking spaces 3Car
- Driveway
- Single Family Residence
- Community | Lake Balboa
- MLS# | SR25001181MR
Features
- Central Cooling
- Central Heat
The multiple listings information is provided by The MLS™/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2014 The MLS™/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.
Similar Listings
17406 Valerio St
Lake Balboa, CA 91406
Bed
5
Bath
3
Sq Ft.
2387
Price
$1,399,999
6929 Louise Ave
Van Nuys, CA 91406
Bed
3
Bath
2
Sq Ft.
2132
Price
$1,299,000
16655 Kelsloan St
Lake Balboa, CA 91406
Bed
4
Bath
3
Sq Ft.
1956
Price
$1,198,000