Lake Balboa Multifamily Homes & Duplexes for Sale

/30
$1,399,000
- 5 Beds
- 4 Baths
- 2,533 Sq Ft
17443 Valerio St, Van Nuys, CA 91406

Welcome to 17443 Valerio Street, a brand-new construction duplex in the heart of Lake Balboa, offering two fully detached homes on one lot. This thoughtfully designed property is ideal for investors, multi-generational living, or owner-users looking to offset their mortgage with rental income. The front home is a spacious 3-bedroom, 2-bathroom single-story residence with 1,497 square feet of

Harut Arthur Seropian Douglas Elliman

17443 Valerio St, Van Nuys, CA 91406
/18
$2,100,000
- 11 Beds
- 8 Baths
- 4,800 Sq Ft
6512 Balboa Blvd, Van Nuys, CA 91406

Well Maintained 4-Plex in desireable Van Nuys Area with tremendous upside. 3 units of 3 bed + 2 baths and 1 unit of 2 bed +2 baths. 2 units will be delivered vacant. Condominium conversion has been applied for. Close to all amenities.

Rizen Appling Rodeo Realty

6512 Balboa Blvd, Van Nuys, CA 91406
/15
$2,300,000
- 8 Beds
- 4 Baths
- 6,870 Sq Ft
15624 Vanowen St, Van Nuys, CA 91406

This property in Van Nuys, California, presents a prime covered land opportunity featuring an existing eight-unit apartment complex situated on a +/-20,650 square foot lot, with a total rental unit space of +/-6,870 square feet. Currently, there are four vacant units that upon lease up will be generating a monthly income of $16,708, the property includes two single-family homes alongside the

Casey Picard Keller Williams Realty

15624 Vanowen St, Van Nuys, CA 91406
/17
$950,000
- 4 Beds
- 3 Baths
- 2,272 Sq Ft
16805 Sherman Way, Van Nuys, CA 91406

Attention Astute Investors! This wonderful Tri-Plex is located in a great Lake Balboa neighborhood,and at this competitive price point it’s a great investment opportunity for any investor or developer.It has a Sherman Way address but all entrances are on Forbes Avenue. The units consist of one 2bedroom, 1 bath unit, and two 1 bedroom, 1 bath units. A NEW ROOF HAS BEEN INSTALLED in the

Nelson Rodriguez Park Regency Realty

16805 Sherman Way, Van Nuys, CA 91406
/135
$3,995,000 New Construction
- 22 Beds
- 21 Baths
- 9,014 Sq Ft
6401 Odessa Ave, Los Angeles, CA 91406

100% Stabilized! Introducing 6401 Odessa Ave., a brand-new 7-unit multifamily complex in the heart of Lake Balboa, offering modern luxury and outstanding convenience. With a projected yearly income of $321,600 and a strong projected 6% cap rate, this property is a top-tier investment opportunity. Nestled steps away from the Van Nuys Golf Course and with seamless access to major freeways, this

Michael Fitzgerald Power Brokers

6401 Odessa Ave, Los Angeles, CA 91406

California Los Angeles Lake Balboa

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.

Learn more about living in Lake Balboa

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.

Housing Trends

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

Last 12 months Home Sales

223

Months of Supply

2.00

Median List Price

$899,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Lake Balboa, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $950,000 to $3,995,000, there's something for every budget. As of July, 2025 the median home price in Lake Balboa, Los Angeles is $899,000, while the average sale price is $903,333, providing insight into local market trends. On average, multi-family homes spend 34 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Lake Balboa, Los Angeles.

Lake Balboa Types of Homes for Sale

More About Living in Lake Balboa

Homes in Nearby Neighborhoods

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Homes in Nearby Counties

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information