7927 Paso Robles Avenue, Lake Balboa, California 91406, Lake Balboa, 91406 - 2 bed, 1 bath
ACTIVE$950,000
7927 Paso Robles Avenue, Lake Balboa, California 91406
2Beds
1Bath
1,242Sqft
14,094Lot
Year Built
1947
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$765
HOA
-
Days on market
-
Sold On
-
MLS number
SR25195578
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $950.0K(62th), sqft - 1242(29th), beds - 2(14th), baths - 1(23th).
Land! Land! Land! Attention All Lake Balboa Buyers & Agents! This Is The Property You Have Been Waiting For With Endless Opportunities & Unlimited Possibilities On This Huge 14,094 SqFt Lot In Fantastic Lake Balboa Neighborhood! Ultra Rare Chance! Fabulous As-Is Or Create Your Dream Home Here! Great Location! Close To Everything! If You Are Only Seeing One Huge 14,000 SqFt Plus Lot In Sensational Lake Balboa, Make Sure This Is It! Do Not Miss! Lake Balboa Opportunity At Its Best!
Nearby schools
7/10
Stagg Street Elementary School
Public,•K-5•0.2mi
6/10
Lorne Street Elementary School
Public,•K-5•0.6mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.0mi
3/10
Anatola Avenue Elementary School
Public,•K-5•1.0mi
3/10
Gault Street Elementary School
Public,•K-5•1.1mi
3/10
Gault Street Elementary School
Public,•K-5•1.1mi
5/10
Cantara Street Elementary School
Public,•K-5•1.3mi
6/10
Lemay Street Elementary School
Public,•K-5•1.6mi
5/10
Lemay Street Elementary School
Public,•K-5•1.7mi
3/10
Bertrand Avenue Elementary School
Public,•K-5•1.7mi
3/10
Bassett Street Elementary School
Public,•PK-5•2.0mi
4/10
Bassett Street Elementary School
Public,•K-5•2.0mi
4/10
Sylvan Park Elementary School
Public,•K-5•3.2mi
9/10
Kester Avenue Elementary School
Public,•K-5•4.2mi
3/10
Northridge Middle School
Public,•6-8•1.4mi
3/10
William Mulholland Middle School
Public,•6-8•1.4mi
5/10
William Mulholland Middle School
Public,•6-8•1.7mi
2/10
Van Nuys Middle School
Public,•6-8•4.3mi
4/10
Reseda Senior High School
Public,•9-12•2.3mi
7/10
Northridge Academy High
Public,•9-12•2.4mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.1mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•3.2mi
6/10
Van Nuys Senior High School
Public,•9-12•3.3mi
Price History
Date
Event
Price
08/30/25
Listing
$950,000
Condition Rating
Tear down
Built in 1947, this property is 77 years old. The listing description heavily emphasizes the 'Land! Land! Land!' and the 'Endless Opportunities & Unlimited Possibilities' to 'Create Your Dream Home Here!', strongly suggesting the value lies in the large lot rather than the existing structure. The complete absence of interior photos, especially of the kitchen and bathrooms, is a significant red flag, indicating these areas are likely in very poor or unpresentable condition. The visible exterior (cracked driveway) also points to deferred maintenance. Given the age and the marketing focus on redevelopment potential, it's highly probable the existing structure is considered beyond practical repair for modern living and its value is based solely on the land.
Pros & Cons
Pros
Exceptional Lot Size: The property boasts a massive 14,094 SqFt lot, offering rare and valuable space in an urban environment for various uses.
Significant Development Potential: The large lot provides 'endless opportunities & unlimited possibilities' for expansion, adding an Accessory Dwelling Unit (ADU), or complete redevelopment, maximizing future value.
Desirable Lake Balboa Location: Situated in a 'Fantastic Lake Balboa Neighborhood' with excellent proximity to amenities ('Close To Everything'), enhancing its appeal and long-term appreciation.
Strong Investment Opportunity: Positioned as an 'As-Is' sale on a substantial lot, it presents a prime chance for investors or owner-occupants to add significant value through renovation or redevelopment.
Proximity to Highly-Rated Schools: Located very close to Stagg Street Elementary (rated 7) and within reach of other good schools, making it attractive for families.
Cons
As-Is Sale Condition: The property is explicitly sold 'As-Is,' indicating that the buyer should anticipate and budget for potential significant repairs, renovations, or upgrades.
Small Current Dwelling: With only 2 beds and 1 bath across 1242 sqft, the existing structure is modest, especially for a $950,000 price point, suggesting the primary value lies in the land rather than the current home.
Age of Property: Built in 1947, the home is nearly 80 years old, likely requiring substantial updates to systems, aesthetics, and energy efficiency to meet modern standards, particularly given the 'as-is' sale.