7008 Encino Avenue

Lake Balboa, CA 91406

$1,895,000
Price
8
Beds
6
Baths
3,158 Sq. Ft.
$600 / Sq. Ft.
3,158
Sq. Ft.
$600
per Sq. Ft.
a house view with a garden space
a front view of a house with potted plants
a living room with furniture kitchen view and a wooden floor
a living room with furniture and a wooden floor
a living room with furniture a wooden floor and a potted plant
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances granite countertop a stove top oven a sink dishwasher a dining table and chairs with wooden floor
a kitchen with stainless steel appliances kitchen island granite countertop a dining table chairs refrigerator and sink
a living room with furniture and a wooden floor
a bedroom with a bed and wooden floor
a bathroom with a toilet a sink and a bathtub
a view of a hallway with wooden floor and entryway
a view of a workspace with furniture and a window
a living room with furniture and wooden floor
a bedroom with a bed and a window
a large white bed in a white room
a bathroom with a sink and a toilet
a bedroom with a bed and a painting on the wall
a bathroom with a granite countertop toilet a sink and a bathtub
a view of a hallway with wooden floor
a outdoor living space with furniture and a potted plant
a living room with furniture and a potted plant
a living room with furniture and a dining table with wooden floor
a living room with furniture and a flat screen tv
a living room with furniture and a wooden floor
a living room with furniture and a table
a kitchen with stainless steel appliances a stove a sink a dining table and chairs with wooden floor
a kitchen with a stove a sink and a refrigerator
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a kitchen with stainless steel appliances granite countertop a kitchen island a stove a table and a sink
a view of an empty room with wooden floor
a bedroom with a large bed and a window
a bathroom with a sink a toilet and shower
a view of small space
a bedroom with a bed and window
a bedroom with a bed and wooden floor
a bedroom with a bed and a painting on the wall
a bathroom with a toilet a sink a mirror and shower
a backyard of a house with lots of green space
a view of house
a front view of a house with a yard
a living room with furniture a window and wooden floor
a kitchen with granite countertop white cabinets and white appliances
a bedroom with a bed and a window
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a living room with furniture and a wooden floor
an aerial view of residential houses with outdoor space and trees
an aerial view of residential houses with outdoor space and trees
an aerial view of multiple house
a picture of a bench in front of a building

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...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.
  1. Listed by Arthur Aslanian • DRE #01291836 • Brokerage DRE #01317331 • Berkshire Hathaway HomeServices California Properties • 818-335-1239

Property Details for 7008 Encino Avenue

Architectural Style
Ranch
View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 10/31/2024 10:21 AM

Property Details for 7008 Encino Avenue

StatusActive
MLS #SR24124108
Days on Market159
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.20 AC / 8,877 SF
CountyLos Angeles County

Building Information for 7008 Encino Avenue

Stories1Residences-Year Built1951Building Size-Lot Size0.20 AC / 8,877 SF

Property Information for 7008 Encino Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $136,620
  • Gross Scheduled Income: $136,620
  • Net Operating Income: $135,120
Expense Details
  • Operating Expense: $1,500
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $5,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $5,000
Tax / Assessment Info
  • Tax Tract Number: 14948
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 16
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Water Heater
  • Equipment: Dishwasher, Gas Dryer Hookup, Inside, Microwave, Washer Hookup
  • Interior Features: Copper Plumbing Full, Open Floorplan, Quartz Counters, Recessed Lighting
  • Room Type: Entry, Kitchen, Laundry, Living Room, Primary Suite, Walk-In Closet, Walk-In Pantry
  • Bedroom Features: WalkInCloset
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate
Exterior Features
  • Door Features: Sliding Doors
  • Window Features: Double Pane Windows, Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Lighting
  • Roof: Shingle
  • Entry Location: 1
  • Fence: Yes
  • Fence: Vinyl
  • Fencing: Block, Excellent Condition, New Condition, Vinyl
  • Foundation Details: Raised, Slab
  • Other Structures: Guest House
  • Property Condition: Turnkey, Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
  • Tennis Court: Guest House
Land/Lot Info
  • Lot Features: Landscaped, Lot 6500-9999, Level, Near Public Transit, Park Nearby, Sprinkler System, Walkstreet
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $4,300
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,700
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 3
  • Number With Disposal: 3

Property History for 7008 Encino Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7008 Encino Avenue

Taxable ValueLand$556,072Additions$139,017Total$695,089
Tax Record2024$8,697 ($725 / month)
Home Facts
Beds3Total Finished SqFt1,144 SqFtAbove Grade Finished SqFt1,144 SqFtStories1Lot Size8,874 SqFtStyleSingle Family ResidenceYear Built1951ZoningLAR1CountyLOS ANGELESAPN2228-027-002

Schools near 7008 Encino Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Anatola Avenue Elementary School
Public - K to 5
William Mulholland Middle School
Public - 6 to 8
Birmingham Community Charter High School
Charter - 9 to 12
Lake Balboa College Preparatory Magnet K-12
Public - K to 12
Rating
School
Distance
Anatola Avenue Elementary School
PublicK to 5

William Mulholland Middle School
Public6 to 8

Birmingham Community Charter High School
Charter9 to 12

Lake Balboa College Preparatory Magnet K-12
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7008 Encino Avenue, Lake Balboa, CA 91406

7008 Encino Avenue is a multi-family home for sale in Lake Balboa, CA 91406. This property was listed for sale on June 17, 2024 by Berkshire Hathaway HomeServices California Properties, it's currently listed at $1,895,000. It has been on the market for a total of 159 days and was last sold on July 13, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Anatola Avenue Elementary School, William Mulholland Middle School and Birmingham Community Charter High School. 7008 Encino Avenue is a 8-bed, 6-bath, 3,158 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Arthur Aslanian, DRE #01291836

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.