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7045 Woodley Avenue 124, Lake Balboa, California 91406, Lake Balboa, 91406 - 2 bed, 3 bath

7045 Woodley Avenue 124, Lake Balboa, California 91406 home-pic-0
ACTIVE$399,000
7045 Woodley Avenue 124, Lake Balboa, California 91406
2Beds
3Baths
1,028Sqft
37,687Lot
Year Built
1989
Close
-
List price
$399K
Original List price
$450K
Price/Sqft
$388
HOA
$597
Days on market
-
Sold On
-
MLS number
SR25139258
Home ConditionFair
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $399.0K(25th), sqft - 1028(13th), beds - 2(50th), baths - 3(63th).

Welcome to 7045 Woodley Ave. Unit 124 — a rare Lake Balboa opportunity offering two true primary suites, each with its own full bathroom, plus a convenient half bath on the main living level. With over 1,000 sq ft of thoughtfully designed living space, this tri-level townhome delivers comfort, flexibility, and style. One of only several homes in the community with a direct-access garage, this unit includes a 2-car attached garage with a bonus storage room—ideal for gear, seasonal items, or hobby space. The well-maintained HOA offers a pool and sauna. Centrally located near the 405 freeway and in the heart of the San Fernando Valley, this home is a perfect match for first-time buyers, roommates, or investors looking for long-term value in a high-demand rental area. Open house July 5, 2025 is canceled

Nearby schools

3/10
Bassett Street Elementary School
Public,•PK-5•0.5mi
4/10
Bassett Street Elementary School
Public,•K-5•0.5mi
3/10
William Mulholland Middle School
Public,•6-8•1.3mi
5/10
William Mulholland Middle School
Public,•6-8•1.3mi

Price History

Date
Event
Price
09/22/25
Price Change
$399,000-6.1%
09/18/25
Price Change
$425,000-5.6%
08/19/25
Price Change
$450,000
06/20/25
Listing
$449,777
Condition Rating
Fair
Built in 1989, this property is 35 years old. While some areas like the living room feature newer laminate flooring, the kitchen and bathrooms show clear signs of being outdated. The kitchen has older white cabinets, and the bathrooms feature dated vanities, countertops, and light fixtures. One bathroom even appears to have old carpet or a very dated rug. The property is maintained and functional but requires minor updates to modernize the key areas.
Pros & Cons

Pros

Dual Primary Suites: The property features two true primary suites, each with its own full bathroom, plus a convenient half bath, offering exceptional flexibility for various living arrangements.
Direct-Access 2-Car Garage: Includes a rare direct-access 2-car attached garage with a bonus storage room, providing significant convenience, security, and ample storage space.
Community Amenities: The well-maintained HOA offers desirable amenities such as a pool and sauna, enhancing the lifestyle appeal for residents.
Strategic Location: Centrally located near the 405 freeway and in the heart of the San Fernando Valley, offering excellent accessibility for commuters and proximity to local conveniences.
Broad Market Appeal: Positioned as an ideal match for first-time buyers, roommates, or investors, indicating strong demand potential and versatility.

Cons

High Monthly HOA Fees: The monthly association fee of $597 is relatively high, which can significantly impact the overall affordability and long-term ownership costs for potential buyers.
Tri-Level Layout: The tri-level townhome design may not appeal to all buyers, particularly those seeking single-level living or with mobility concerns due to multiple staircases.
Multiple Price Reductions: The property has undergone several significant price reductions from its original list price, which could suggest initial overpricing or challenges in attracting buyers.

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