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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 1,895,000

Est. payment -/mo

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Active

7008 Encino AVE Lake Balboa, CA 91406

8 Beds

6 Baths

8,877 Sqft Lot

UPDATED:

11/01/2024 12:22 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24123030

Bedrooms 8

Full Baths 6

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1951

Lot Size 8,877 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LAR1

Rooms

Other Rooms Guest House

Main Level Bedrooms 8

Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside

Interior

Interior Features Separate/Formal Dining Room, Open Floorplan, Quartz Counters, Recessed Lighting, Primary Suite, Walk-In Pantry, Walk-In Closet(s)

Laundry Location Washer Hookup,Gas Dryer Hookup,Inside

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Microwave, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Exterior Feature Lighting

Garage Driveway

Fence New Condition, Vinyl

Pool None

Community Features Curbs, Street Lights, Sidewalks, Gated, Park

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Porch Rear Porch, Concrete, Covered, Front Porch

Parking Type Driveway

Private Pool No

Building

Lot Description 6-10 Units/Acre, Back Yard, Front Yard, Lawn, Landscaped, Near Park, Near Public Transit, Sprinkler System

Dwelling Type House

Story 1

Entry Level One

Foundation Combination, Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Additional Building Guest House

New Construction No

Construction Status Updated/Remodeled,Turnkey

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 2228027002

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Arthur Aslanian • Berkshire Hathaway HomeServices California Properties • 818-335-1239

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

7008 Encino AVE Lake Balboa, CA 91406

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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7008 Encino AVE