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7255 Balboa Boulevard 20, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 2 bath

7255 Balboa Boulevard 20, Van Nuys, California 91406 home-pic-0
ACTIVE UNDER CONTRACT$495,000
7255 Balboa Boulevard 20, Van Nuys, California 91406
2Beds
2Baths
1,118Sqft
36,046Lot
Year Built
1981
Close
-
List price
$495K
Original List price
$495K
Price/Sqft
$443
HOA
$575
Days on market
-
Sold On
-
MLS number
25498963
Home ConditionFair
Features
Good View: City Lights
Pool
Patio
ViewCity Lights

About this home

We found 3 Cons,6 Pros. Rank: price - $495.0K(63th), sqft - 1118(50th), beds - 2(50th), baths - 2(50th).

NEW LISTING: This is an outstanding opportunity; it is located in Lake Balboa. Perfect for first-time buyers, small families and income-seeking buyers. Close to shopping, restaurants, and the 101 Freeway. The condo has 2 bedrooms/2 bathrooms and has a nice-sized living room, kitchen, and dining area with a breakfast bar. It is very bright, has lots of natural light, and is roomy with a fireplace. The primary room is nicely situated in the back of the condo, great for privacy. A great feature is a full-size laundry room with floor-to-ceiling cabinets for extra storage. There are lots of closets throughout the apartment, and storage is plenty. A 2-car tandem garage is underneath this unit; above is a large outdoor patio with a gated entry and a security alarm. Unit 20 is an end unit with only one attached wall. The property is ready for you to move in and make it your own.

Nearby schools

3/10
Gault Street Elementary School
Public,•K-5•0.3mi
3/10
Gault Street Elementary School
Public,•K-5•0.4mi
7/10
Stagg Street Elementary School
Public,•K-5•0.7mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.7mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.7mi
6/10
Lemay Street Elementary School
Public,•K-5•1.0mi
5/10
Lemay Street Elementary School
Public,•K-5•1.1mi
6/10
Lorne Street Elementary School
Public,•K-5•1.2mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.4mi
3/10
Bassett Street Elementary School
Public,•PK-5•1.5mi
4/10
Bassett Street Elementary School
Public,•K-5•1.5mi
5/10
Cantara Street Elementary School
Public,•K-5•1.7mi
4/10
Sylvan Park Elementary School
Public,•K-5•2.6mi
9/10
Kester Avenue Elementary School
Public,•K-5•3.5mi
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•3.7mi
4/10
Reseda Senior High School
Public,•9-12•1.9mi
6/10
Van Nuys Senior High School
Public,•9-12•2.8mi
7/10
Northridge Academy High
Public,•9-12•3.2mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.9mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•4.0mi
Condition Rating
Fair
The property was built in 1981, making it 43 years old. While it appears clean and well-maintained, the kitchen features original-style wood cabinets, dated countertops, and older appliances. The bathrooms also show original or very old fixtures, vanities, and fiberglass inserts. Flooring consists of older tile and carpet, including a distinct red carpet in the bedroom. The lighting fixtures are also dated. The overall aesthetic is from the 1980s and has not undergone significant modernization, indicating it requires cosmetic updates to meet current styles and preferences.
Pros & Cons

Pros

Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Strategic Location & Accessibility: The property is ideally situated in Lake Balboa, offering convenient access to shopping, restaurants, and the 101 Freeway, enhancing daily living and commute.
Abundant Storage & Practicality: Features a full-size laundry room with floor-to-ceiling cabinets and numerous closets throughout, providing exceptional storage solutions for residents.
Enhanced Privacy & Natural Light: As an end unit with only one shared wall, a private primary suite, and ample natural light, the condo offers a bright and secluded living experience.
Dedicated Parking & Private Outdoor Space: Includes a valuable 2-car tandem garage and a large, gated outdoor patio, adding significant convenience and private recreational space.
Versatile Market Appeal: The unit is marketed as perfect for first-time buyers, small families, and income-seeking investors, indicating broad appeal and potential demand.

Cons

High Association Fee: The monthly association fee of $575.0 is substantial, which could impact affordability and the overall cost of ownership for potential buyers.
Building Age: Constructed in 1981, the building is over 40 years old, which may imply potential for aging infrastructure, dated common areas, or higher maintenance costs in the future.
Mixed School Ratings: While some schools are well-rated, the presence of several lower-rated public schools in the vicinity (e.g., Van Nuys Middle School rated 2, Gault Street Elementary rated 3) could be a concern for families prioritizing top-tier education.

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