7008 Encino AVE Active Save Request In-Person Tour Request Virtual Tour
Lake Balboa,CA 91406
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,158 sqft
Price per Sqft $554
MLS Listing ID SR24123030
Bedrooms 8
Full Baths 6
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. 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!
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LAR1
Rooms
Other Rooms Guest House
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Laundry Washer Hookup,Gas Dryer Hookup,Inside
Exterior
Exterior Feature Lighting
Parking Features 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
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
Foundation Combination,Raised,Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard