Why Live in Lake Balboa
Lake Balboa, a neighborhood in Los Angeles, offers a mix of midcentury ranch-style homes and contemporary two-story houses, primarily built in the 1930s to 1950s. The area features modestly sized single-family homes, condos, and townhomes, with the latter having monthly HOA fees. Louise Park, the neighborhood's main green space, includes a playground, picnic areas, and sports facilities, while Anthony C. Beilenson Park offers kayaking on Lake Balboa, cricket fields, and a tennis center. The Sepulveda Basin Sports Complex houses a Japanese garden and various sports amenities. Local shopping and dining options are centered around Saticoy Plaza, with stores like Ralphs, GNC, and eateries such as Humble Bee and Fortune House Restaurant. Although Lake Balboa lacks direct highway access, U.S. Route 101 and Interstate 405 are nearby, and public transportation is available via LA Metro and Metrolink. Van Nuys Airport is adjacent to the neighborhood, with Hollywood Burbank and Los Angeles International airports 10 and 25 miles away, respectively. The area is served by the Los Angeles Unified School District, with highly rated schools like Daniel Pearly Magnet High School and High Tech Los Angeles, the latter known for its rigorous college preparatory curriculum.
Home Trends in Lake Balboa, CA
On average, homes in Lake Balboa, Los Angeles sell after 34 days on the market compared to the national average of 51 days. The median sale price for homes in Lake Balboa, Los Angeles over the last 12 months is $879,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$879,000
Median Single Family Sale Price
$910,000
Median Townhouse Sale Price
$475,000
Median 2 Bedroom Sale Price
$499,000
Average Price Per Sq Ft
$607
Number of Homes for Sale
37
Last 12 months Home Sales
223
Median List Price
$899,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%