7337 Caldus, Lake Balboa, California 91406, Lake Balboa, 91406 - 2 bed, 1 bath
ACTIVE$600,000
7337 Caldus, Lake Balboa, California 91406
2Beds
1Bath
1,071Sqft
5,950Lot
Year Built
1950
Close
-
List price
$600K
Original List price
$650K
Price/Sqft
$560
HOA
-
Days on market
-
Sold On
-
MLS number
SR25243503
Home ConditionPoor
Features
View-
About this home
Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $600.0K(2th), sqft - 1071(7th), beds - 2(14th), baths - 1(23th).
Investor Opportunity in the Heart of Lake Balboa Bring your investors and vision to this 2-bedroom, 1-bath fixer located in a highly desirable Lake Balboa neighborhood. The property offers tremendous potential, featuring a detached two-car garage—ideal for an ADU conversion. The home currently has no kitchen and includes several unpermitted additions, making it an excellent candidate for a complete remodel or redevelopment project. Fantastic location with great neighborhood appeal. Sold as-is, cash offers only.
Nearby schools
3/10
Anatola Avenue Elementary School
Public,•K-5•0.1mi
3/10
Anatola Avenue Elementary School
Public,•K-5•0.1mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•0.6mi
6/10
Lemay Street Elementary School
Public,•K-5•0.7mi
3/10
Gault Street Elementary School
Public,•K-5•0.8mi
3/10
Gault Street Elementary School
Public,•K-5•0.8mi
5/10
Lemay Street Elementary School
Public,•K-5•0.8mi
7/10
Stagg Street Elementary School
Public,•K-5•0.8mi
6/10
Lorne Street Elementary School
Public,•K-5•0.9mi
5/10
Cantara Street Elementary School
Public,•K-5•1.2mi
3/10
Bassett Street Elementary School
Public,•PK-5•2.3mi
4/10
Bassett Street Elementary School
Public,•K-5•2.3mi
4/10
Sylvan Park Elementary School
Public,•K-5•3.4mi
9/10
Kester Avenue Elementary School
Public,•K-5•4.2mi
3/10
William Mulholland Middle School
Public,•6-8•0.9mi
5/10
William Mulholland Middle School
Public,•6-8•1.2mi
3/10
Northridge Middle School
Public,•6-8•1.5mi
2/10
Van Nuys Middle School
Public,•6-8•4.4mi
4/10
Reseda Senior High School
Public,•9-12•1.3mi
7/10
Northridge Academy High
Public,•9-12•2.9mi
6/10
Van Nuys Senior High School
Public,•9-12•3.6mi
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
Price History
Date
Event
Price
12/11/25
Price Change
$600,000-7.7%
10/20/25
Listing
$650,000
Condition Rating
Poor
This property, built in 1950, is explicitly marketed as a 'fixer' requiring a 'complete remodel or redevelopment project.' The most significant factor is the complete absence of a kitchen, rendering the home unlivable in its current state. Additionally, the presence of 'several unpermitted additions' indicates substantial defects that will require costly and time-consuming remediation, potentially affecting safety and structural integrity. While the exterior image shows a standing structure, the interior condition described (no kitchen) and the unpermitted additions clearly place it in the 'Poor' category, requiring substantial repairs and rehabilitation to be habitable.
Pros & Cons
Pros
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Desirable Location: Situated in a highly sought-after Lake Balboa neighborhood with strong appeal, offering a prime location for future value appreciation.
ADU Conversion Potential: The detached two-car garage presents an excellent opportunity for an Accessory Dwelling Unit (ADU) conversion, significantly enhancing property value and potential rental income.
Investor/Redevelopment Opportunity: Explicitly marketed as a 'fixer' with 'tremendous potential' for a complete remodel or redevelopment, attracting investors and developers seeking value-add projects.
Generous Lot Size: A 5,950 sqft lot provides ample space for potential expansion, creative landscaping, or maximizing the ADU potential.
Recent Price Reduction: The recent $50,000 price drop from the original list price makes the property more attractive and competitive for potential buyers, indicating seller motivation.
Cons
Extensive Renovation Required: The property is a significant 'fixer,' currently lacking a kitchen and requiring a complete remodel, indicating substantial upfront investment and effort from the buyer.
Unpermitted Additions: The presence of several unpermitted additions will necessitate costly and time-consuming remediation, either by legalizing them or removing them, adding complexity to the project.
Cash Offers Only: The requirement for cash offers severely restricts the potential buyer pool, potentially prolonging market time and limiting competitive bidding.