Lake Balboa Homes with Multi Level Stories

Welcome to Lake Balboa, a hidden gem nestled in the heart of the San Fernando Valley, California. Known for its serene parks, beautiful lakes, and vibrant community, Lake Balboa offers a unique blend of suburban tranquility and urban convenience. With easy access to major freeways, residents enjoy a seamless commute to the bustling hubs of Los Angeles, while still relishing the peaceful ambiance of their neighborhood.

One of the standout features of Lake Balboa is its diverse architectural landscape, particularly the stunning multi-level homes that grace its tree-lined streets. These properties are not just homes; they are a lifestyle choice. With spacious layouts and thoughtfully designed living spaces, multi-level homes in Lake Balboa offer an abundance of natural light and breathtaking views that elevate everyday living. Imagine waking up to the gentle sounds of nature, enjoying your morning coffee on a balcony overlooking the lake, or hosting gatherings in your expansive backyard.

Families and individuals alike are drawn to Lake Balboa for its excellent schools, friendly community, and proximity to recreational activities. The nearby Lake Balboa Park boasts walking trails, picnic areas, and a picturesque lake perfect for leisurely afternoons. Whether you're looking for a cozy retreat or a spacious family home, the multi-level properties in this charming neighborhood provide the perfect canvas for your dreams.

Explore Lake Balboa today and discover a community that truly feels like home, where every multi-level story tells a tale of comfort, style, and the joy of living life to the fullest.

Newest Lake Balboa Homes with Multi Level Stories

$1,799,000

10 Beds ⋅ 12 Baths ⋅ 26865459 MLS ⋅ Active Status

Built in 1990, this gated four-unit multifamily property features an attractive townhouse-style unit mix consisting of two 2-bedroom, 2.5-bath units and two 3-bedroom, 2.5-bath units, averaging approximately 1,430 square feet each. Every unit offers a spacious open floor plan with a fireplace, large kitchen, private balcony, washer/dryer hookups, and a large attached two-car garage. Two units have also been updated with waterproof laminate flooring throughout the downstairs living areas and bathrooms. From an investor's perspective, the property offers strong in-place cash flow with significant upside potential. The asset is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), allowing ownership to capture full market rent increases. Current operations generate approximately $74,779 in annual NOI, with projected stabilized NOI of approximately $106,927 at market rents. With its desirable large-unit mix, family-oriented amenities, and limited near-term capital expenditure requirements, this property presents an excellent investment opportunity.

6440 Balboa Boulevard, Lake Balboa

$1,599,999

37 Beds ⋅ 37 Baths ⋅ 26864773 MLS ⋅ Active Status

Welcome to 6401 Whitman, a fully entitled 37 unit RTI( Ready to Issue) permit project perfect for Developers, Investors, Contractors, Builders ready to pull permits and start building. This SHOVEL READY 100% Affordable ED1 project in Lake Balboa featuring 37 units including a manager's office that can be converted into a unit, 19-1 bedroom, 18- studios across a Type V, four story, fully stacked designed which features all wood frame floors on a corner lot. This design has significant savings in construction costs and time maximizing the most units with significantly lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of San Fernando valley's vibrant and high demand areas, Lake Balboa is just minutes to Encino, Sherman Oaks, Van Nuys and the property located directly across the street to Woodley park which is considered a high resource area on the map. The property is also directly across the street to the Orange Line and the freeway, while major shopping stores like Super King and COSTCO are very close by as well. Due to its central location, the area is within top employment hubs and is easy access to Encino, it is a highly desirable and attractive area that has lots of brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area because of it just a walk across the street to the Metro/Orange Line, making this very walkable and bike friendly. The stackable design features 15,111 square feet of livable area and 16,780 square feet of buildable area with units ranging from 268- 338 sq ft Studios and 352 to 465 sq ft- One bedrooms. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 37 units would bring a monthly gross income of $75,482 and yearly gross income of $905,784, or a buyer can look into achieving higher rents with Section 8 vouchers (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area, LOCATION, LOCATION, LOCATION. Each unit is designed for maximum affordability and optimized rental income. This development presents a ultra rare and immediate opportunity for developers to bring much-needed affordable housing to one of San Fernando Valley's most sought-after areas. BUYER TO VERIFY ALL!

6401 Whitman Avenue, Lake Balboa

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.