NEW LISTING: This is an outstanding opportunity, located in Lake Balboa. Perfect for first-time buyers, small families, and those seeking a more affordable option. Close to shopping, restaurants, and the 101 Freeway. The condo features two bedrooms, two bathrooms, and 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 at the back of the condo, providing great privacy. A great feature is a full-size laundry room with floor-to-ceiling cabinets for extra storage. There are numerous closets throughout the apartment, and storage space is plentiful. 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.
Sold for $490,000
$490,000
7255 Balboa Blvd Unit 20, Van Nuys, CA 91406
2beds
1,118sqft
Residential, Condominium
Built in 1981
-- sqft lot
$505,400 Zestimate®
$438/sqft
$2,732 Estimated rent
Home value
$505,400
$480,000 - $531,000
$2,732/mo
Zestimate® history
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$2,732/mo
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$3,714/mo
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Zillow last checked:
Listing updated:
Listed by:
Shelley Cohen DRE # 01885712 818-298-2644,
Equity Union 818-989-2000
Bought with:
Sixto Mejia, DRE # 01982902
WGRES INC.
Source: CLAW,MLS#: 25549155
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Breakfast Area, Great Room, Dining Room, Living Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Refrigerator, Range/Oven
- Laundry: Laundry Room
Features
- Flooring: Carpet, Tile
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,118
- Total interior livable area: 1,118 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Is Attached
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Pool features: Community
- Has view: Yes
- View description: City
Lot
- Size: 0.83 Acres
Details
- Parcel number: 2227001023
- Zoning: LARD1.5
- Special conditions: Standard
- Other equipment: Network Wire
Construction
Type & style
- Home type: Condo
- Property subtype: Residential, Condominium
- Attached to another structure: Yes
Condition
- Year built: 1981
Community & HOA
Community
- Security: None
- Subdivision: Terrace Balboa
HOA
- Has HOA: Yes
- Amenities included: Pool
- HOA fee: $575 monthly
Location
- Region: Van Nuys
Financial & listing details
- Price per square foot: $438/sqft
- Tax assessed value: $239,003
- Annual tax amount: $5,963
- Date on market: 6/6/2025
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Listing removed | $3,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/12/2026 | Listed for rent | $3,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/20/2025 | Sold | $490,000-1%$438/sqft |
Source:  CLAW #25549155 Report a problem | ||
| 6/17/2025 | Pending sale | $495,000$443/sqft |
Source: CLAW #25549155 Report a problem | ||
| 6/6/2025 | Listed for sale | $495,000$443/sqft |
Source: CLAW #25549155 Report a problem | ||
| 6/6/2025 | Listing removed | $495,000$443/sqft |
Source: CLAW #25498963 Report a problem | ||
| 5/15/2025 | Contingent | $495,000$443/sqft |
Source: CLAW #25498963 Report a problem | ||
| 5/14/2025 | Listed for sale | $495,000$443/sqft |
Source: CLAW #25498963 Report a problem | ||
| 2/27/2025 | Contingent | $495,000$443/sqft |
Source: CLAW #25498963 Report a problem | ||
| 2/15/2025 | Listed for sale | $495,000$443/sqft |
Source: CLAW #25498963 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,963 +105.2% | $239,003 +2% |
| 2024 | $2,906 +2% | $234,317 +2% |
| 2023 | $2,850 +4.9% | $229,724 +2% |
| 2022 | $2,717 +1.5% | $225,221 +2% |
| 2021 | $2,678 -0.9% | $220,806 +1% |
| 2020 | $2,701 | $218,543 +2% |
| 2019 | $2,701 +5.3% | $214,258 +2% |
| 2018 | $2,566 | $210,058 +2% |
| 2017 | $2,566 +2.4% | $205,941 +2% |
| 2016 | $2,507 +2.8% | $201,904 +1.5% |
| 2015 | $2,439 +1% | $198,872 +2% |
| 2014 | $2,416 | $194,977 +2.5% |
| 2012 | -- | $190,291 +2% |
| 2011 | -- | $186,561 +0.8% |
| 2010 | -- | $185,168 -0.2% |
| 2009 | -- | $185,608 +2% |
| 2008 | -- | $181,970 +2% |
| 2007 | -- | $178,403 +2% |
| 2006 | -- | $174,906 |
| 2005 | -- | $174,906 +4% |
| 2004 | -- | $168,116 +1.9% |
| 2003 | -- | $165,036 +9.4% |
| 2002 | -- | $150,900 +43.7% |
| 2000 | -- | $105,000 |
Find assessor info on the county website
Neighborhood: Lake Balboa
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Nearby schools
GreatSchools rating
- 4/10Gault Street Elementary SchoolGrades: K-5Distance: 0.3 mi
- 6/10William Mulholland Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Birmingham Community Charter High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$505,400
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$505,400
- California
- Los Angeles County
- Los Angeles
- 91406
- Lake Balboa
- 7255 Balboa Blvd Unit 20
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