$1,725,000
SOLD AUG 27, 2024

5015 Balboa Blvd Unit 403 Encino, CA 91316

3 Beds
3.5 Baths
2,603 Sq Ft
$950/mo HOA Fee

Recently Sold

$663 Per Sq Ft

3% Below List Price

8 Days on Market

Highlights

  • Fitness Center
  • Primary Bedroom Suite
  • Gated Community
  • Gaspar De Portola Middle School Rated A-
  • Gated Parking
  • 4-minute walk to Encino Park

About This Home

As of August 2024

Welcome to The Balboa Villas absolutely stunning Penthouse level southeastern facing corner condominium home. Incredible three bedrooms with three and one half baths with over 2600 square feet of living area...has the feel of a single family home with all the bells and whistles. As you enter through the formal entry this one gives you the open feel for all of your living and entertaining wants and needs. It has all of the formals...living, family/den, and dining. The gourmet kitchen has pristine quartz counters, designer perfect cabinetry with self closing doors and drawers, stainless steel sink within the island, custom built-ins, all Monogram stainless appliances, five burner gas cooktop, vented hood, and cabinetry underlighting. It opens to the dining and living areas. All the rooms are of great size and open with nine and one-half foot ceilings. The spacious living room is accented by a gas fireplace. The family room/den is highlighted by a frig and wine cooler. The primary suite has it all...fabulous resort styled bath with a designer tiled oversized walk-in shower along with a separate soaking tub, dual sinks, personal vanity, oversized walk-in closet, and a private balcony. The the secondary bedrooms are nicely sized with great closets separate from the primary suite. There are designer lighting fixtures though out. There is a separate laundry room complete with oversized front loading washer/dryer and sink and it's own service door/entrance. This top level unit features walls of glass which opens to an amazing wrap around balcony which includes water, electric, and gas...this one is truly special...talk about outdoor living! Each window features custom window shutters. Sliders open to the spectacular balcony from several rooms. The unobstructed views look out to the mountains, the hills, the valley, and Ventura Boulevard city life. Parking is side by side just off the elevator. The home also includes a separate personal storage unit that is unique for such a building. The Balboa Villas is within walking distance to the finest dining, shopping, medical offices, and easy freeway and westside access. The impressive lobby is a welcoming site along with the rec room, fitness suite, separate library on the second level that overlooks the lobby, and an outdoor living area featuring BBQs, a fire wall, and outdoor setting. There is side by side parking. There is a weekday concierge for the homeowners' needs that is included in the monthly

Last Agent to Sell the Property

Peter Miller

Equity Union Brokerage Phone: 818-489-1902 License #01256871 Listed on: 07/24/2024

Equity Union

Last Buyer's Agent

Jo Ann Oster

Rodeo Realty License #01199989

Rodeo Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,569

Year Built

  • Built in 2016

Lot Details

  • Two or More Common Walls
  • Southeast Facing Home
  • Rectangular Lot
  • Level Lot
  • Drip System Landscaping
  • Sprinklers Throughout Yard
  • Density is 36-40 Units/Acre

HOA Fees

  • $950 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Side Facing Garage
  • Side by Side Parking
  • Driveway Down Slope From Street
  • Gated Parking
  • Guest Parking
  • Assigned Parking

Property Views

  • City Lights
  • Mountain
  • Hills
  • Valley
  • Neighborhood

Home Design

  • Modern Architecture
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Steel Beams
  • Copper Plumbing
  • Plaster
  • Stucco

Interior Spaces

  • 2,603 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Wired For Data
  • Bar
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Plantation Shutters
  • Window Screens
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Den

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Self-Cleaning Convection Oven
  • Gas Oven
  • Built-In Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Quartz Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers and Cabinet Doors
  • Disposal
  • Instant Hot Water

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Walk-In Closet
  • Quartz Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Toliet
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower
  • Low Flow Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Security Lights
  • Intercom

Accessible Home Design

  • Halls are 36 inches wide or more
  • Lowered Light Switches
  • Customized Wheelchair Accessible
  • Accessibility Features
  • Doors swing in
  • More Than Two Accessible Exits
  • Ramp on the main level
  • Low Pile Carpeting
  • Accessible Parking

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Living Room Balcony
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Wrap Around Porch

Utilities

  • Ducts Professionally Air-Sealed
  • High Efficiency Air Conditioning
  • Forced Air Heating and Cooling System
  • High Efficiency Heating System
  • Overhead Utilities
  • ENERGY STAR Qualified Water Heater
  • Gas Water Heater
  • Central Water Heater
  • Sewer Paid
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 64625
  • Assessor Parcel Number 2258016040

Community Details

Overview

  • Front Yard Maintenance
  • 42 Units
  • Balboa Villas Association
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Meeting Room
  • Community Storage Space

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,569

Year Built

Built in 2016

Lot Details

0

HOA Fees

$950 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Card/Code Access, Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Rated Drywall, Fire Sprinkler System, Gated Community, Security Lights, Security System, Smoke Detector(s), Wired for Alarm System
  • View: Yes
  • Architectural Style: Modern
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 2258016040
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2603.00 Square Feet
  • Interior Amenities: Balcony, Bar, Copper Plumbing Full, High Ceilings, Intercom, Living Room Balcony, Living Room Deck Attached, Open Floorplan, Quartz Counters, Recessed Lighting, Unfurnished, Wet Bar, Wired for Data, Wired for Sound
  • Stories: 4
  • Entry Location: 4
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: 2+ Access Exits, 36 Inch Or More Wide Halls, Customized Wheelchair Accessible, Disability Features, Doors - Swing In, Low Pile Carpeting, Lowered Light Switches, Parking, Ramp - Main Level
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Kitchen
  • Entry Level: 4
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 662.70
  • Room Type: Den, Entry, Family Room, Kitchen, Laundry, Living Room, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Separate Family Room, Walk-In Closet
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Plantation Shutters, Screens
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Shower, Shower In Tub, Double Sinks In Primary Bath, Linen Closet/Storage, Quartz Counters, Separate Tub And Shower, Soaking Tub, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Quartz Counters, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Direction Faces: Southeast
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: City Lights, Hills, Mountain(s), Neighborhood, Valley
  • Patio And Porch Features: Concrete, Deck, Roof Top, Slab, Wrap Around
  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls, Ducts Professionally Air-Sealed, Frame, Glass, Plaster, Steel, Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Assigned, Driveway Down Slope From Street, Garage Faces Side, Gated, Guest, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Freezer, Disposal, Gas & Electric Range, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, High Efficiency Water Heater, Ice Maker, Instant Hot Water, Microwave, Range Hood, Recirculated Exhaust Fan, Refrigerator, Self Cleaning Oven, Water Heater Central, Water Heater, Water Line to Refrigerator
  • Heating Type: Central, ENERGY STAR Qualified Equipment, Forced Air, High Efficiency
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Fire Pit, Barbecue, Outdoor Cooking Area, Picnic Area, Gym/Ex Room, Clubhouse, Meeting Room, Storage, Earthquake Insurance, Maintenance Grounds, Trash, Pet Rules, Pets Permitted, Call for Rules, Management, Controlled Access, Maintenance Front Yard
  • Association Fee: 949.87
  • Association Fee Frequency: Monthly
  • Association Name: Balboa Villas
  • Phone: 000-000-0000
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: Balboa Villas

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre, Corner Lot, Level with Street, Lot 20000-39999 Sqft, Rectangular Lot, Level, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Utilities - Overhead, Walkstreet
  • Lot Size Sq Ft: 34042.00
  • Lot Size Acres: 0.7815

Multi Family

  • Lease Considered: No
  • Lot Size Area: 34042.0000 Square Feet
  • Number Of Units In Community: 42
  • Number Of Units Total: 42

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 64625

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Aug 6, 2024
Sold by
Nate Walker 2008 Irrevocable Trust and Linda Goodrich 2008 Irrevocable Trust
Bought by
Kramer Living Trust and Kramer
Seller's Agent
Peter Miller
Equity Union
Buyer's Agent
Jo Ann Oster
Rodeo Realty
List Price
$1,779,000
Sold Price
$1,725,000
Premium/Discount to List
-$54,000
-3.04%
Total Days on Market
8
Views
5
Current Estimated Value
$1,705,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,177
Avg. Annual Appreciation
-1.46%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,725,000 Fidelity National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2024 08/27/24 Sold $1,725,000 -3.0% $663 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $1,779,000 +7.0% $683 / Sq Ft
09/28/2017 09/28/17 Sold $1,662,500 0.0% $639 / Sq Ft
04/27/2017 04/27/17 Pending -- -- --
04/27/2017 04/27/17 For Sale $1,662,500 -- $639 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $22,569 $1,854,546 $739,029 $1,115,517
2023 $22,126 $1,818,184 $724,539 $1,093,645
2022 $21,084 $1,782,534 $710,333 $1,072,201
2021 $20,825 $1,747,583 $696,405 $1,051,178
2019 $20,194 $1,695,750 $675,750 $1,020,000
2018 $20,149 $1,662,500 $662,500 $1,000,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24151944

California Regional Multiple Listing Service (CRMLS)

APN: 2258-016-040