RealKey
‪(213) 433-7766‬

6935 Jellico Avenue, Lake Balboa, California 91406, Lake Balboa, 91406 - 8 bed, 8 bath

6935 Jellico Avenue, Lake Balboa, California 91406 home-pic-0
ACTIVE$1,874,000
6935 Jellico Avenue, Lake Balboa, California 91406
8Beds
8Baths
3,553Sqft
8,063Lot
Year Built
1949
Close
-
List price
$1.87M
Original List price
$1.87M
Price/Sqft
$527
HOA
-
Days on market
-
Sold On
-
MLS number
SR25269283
Home ConditionExcellent
Features
Patio
View-

About this home

We found 4 Cons,6 Pros. Rank: price - $1.87M(99th), sqft - 3553(99th), beds - 8(99th), baths - 8(99th).

INCREDIBLE FOUR-PLEX IN PRIME LAKE BALBOA! Four Houses on One Lot with $13,000+ Monthly Rental Income Potential! Welcome to 6933, 6935, 6935 ½ & 6937 Jellico Ave. Whether you are an investor who wants to generate strong cashflow & passive income or you are a first time home buyer looking for space & privacy, this property is the perfect fit for you. Imagine owning a property that can help pay its own mortgage. This Fourplex offers a total of 8 bedrooms and 8 bathrooms with roughly 3553 SqFt of living space, each unit having its own separate entrance and fully gated for maximum privacy. Unit Breakdown: 6935 ½ Jellico (SB9):1287 SqFt, 3 beds & 3 baths, 10ft high ceilings & paid off solar panels. 6935 Jellico (Main House): 940 SqFt, 2 beds & 2 baths. 6937 Jellico (ADU):826 SqFt, 2 beds & 2 baths. 6933 Jellico (Junior ADU): 500 SqFt, 1 bed & 1 bath. This property features brand new plumbing, new electrical, new sewer lines, new HVAC systems, new roof & gutters, smooth stucco, new doors & windows, modern exterior & interior finishes and new landscape & hardscape. All units are also equipped with new fire sprinkler systems. Interiors feature new stainless steel appliances, open floor plans, separate washer & dryer hookups for each unit, separate electric meters and private entrances. Top of the line Navien gas water heaters for Main House & JADU, while the SB9 and ADU are equipped with top tier Rheem electric water heaters. The SB9 and ADU also benefit from both front and rear alley access, adding additional convenience and privacy. This is a rare opportunity to own a newly built four-plex in a desirable neighborhood. Don’t miss your chance to own this exceptional four-plex in one of Lake Balboa’s most sought after pockets!

Nearby schools

6/10
Lemay Street Elementary School
Public,•K-5•0.3mi
5/10
Lemay Street Elementary School
Public,•K-5•0.3mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•0.4mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.5mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.6mi
3/10
Gault Street Elementary School
Public,•K-5•0.8mi
3/10
Gault Street Elementary School
Public,•K-5•0.8mi
7/10
Stagg Street Elementary School
Public,•K-5•1.3mi
6/10
Lorne Street Elementary School
Public,•K-5•1.4mi
5/10
Cantara Street Elementary School
Public,•K-5•1.6mi
3/10
Bassett Street Elementary School
Public,•PK-5•2.4mi
4/10
Bassett Street Elementary School
Public,•K-5•2.4mi
4/10
Sylvan Park Elementary School
Public,•K-5•3.3mi
9/10
Kester Avenue Elementary School
Public,•K-5•4.0mi
3/10
William Mulholland Middle School
Public,•6-8•0.7mi
5/10
William Mulholland Middle School
Public,•6-8•0.9mi
3/10
Northridge Middle School
Public,•6-8•2.0mi
2/10
Van Nuys Middle School
Public,•6-8•4.3mi
4/10
Reseda Senior High School
Public,•9-12•0.9mi
7/10
Northridge Academy High
Public,•9-12•3.4mi
6/10
Van Nuys Senior High School
Public,•9-12•3.6mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.5mi

Price History

Date
Event
Price
12/04/25
Listing
$1,874,000
12/05/24
Sold
$750,000
Condition Rating
Excellent
Despite the original build year of 1949, the property has undergone extensive and recent renovations, as explicitly stated in the description and visually confirmed by the images. It features brand new plumbing, electrical, HVAC, roof, windows, and modern interior/exterior finishes. The kitchens boast new stainless steel appliances, white shaker cabinets, and modern fixtures. Bathrooms are also fully updated with contemporary designs. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Exceptional Income Potential: The property boasts a projected $13,000+ monthly rental income potential from its four distinct units, offering strong cash flow and passive income for investors.
Extensive Modern Renovations: Recently upgraded with brand new plumbing, electrical, sewer lines, HVAC systems, roof, windows, and modern finishes throughout, significantly reducing immediate maintenance concerns and enhancing tenant appeal.
Versatile Multi-Unit Configuration: Comprising four separate units (Main House, SB9, ADU, JADU) with individual entrances and meters, providing flexible living arrangements for owner-occupants or diverse rental opportunities.
Premium Tenant Amenities & Safety: Each unit features new stainless steel appliances, open floor plans, separate washer/dryer hookups, fire sprinkler systems, and high-efficiency water heaters, ensuring modern comfort and safety for residents.
Enhanced Privacy & Accessibility: All units are fully gated for maximum privacy, and the SB9 and ADU units benefit from convenient front and rear alley access, adding to their desirability.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3553, other record living area = 1064. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 3.
Original Construction Year: Despite extensive renovations, the original construction year of 1949 might raise questions for some buyers regarding the underlying structure, even though major systems have been replaced.
Lack of Scenic Views: The property explicitly states 'View: None,' which could be a minor drawback for potential tenants or owner-occupants who prioritize scenic outlooks.
High Entry Price Point: The current list price of $1.874 million represents a significant capital outlay, requiring a substantial investment, even with the strong projected rental income.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state