Charming Lake Balboa Home with ADU Potential. Set on a quiet, tree-lined street in the desirable Lake Balboa neighborhood, this 3-bedroom, 1-bath home offers comfort, charm, and exciting investment potential. Situated on an expansive nearly 8,000 sq. ft. lot, the property includes previously approved RTI plans for a detached 2-bedroom, 2-bath ADU/guest house—ideal for multi-generational living, rental income, or a private office retreat.
Inside, you’ll find timeless hardwood floors, dual-pane windows, central HVAC, and the convenience of an indoor laundry room. A spacious enclosed rear patio extends the living area, providing the perfect setting for entertaining, hobbies, or simply relaxing. The generous backyard is a true highlight featuring 2 car detached garage, a mature, fruit-bearing lemon tree, ample space for outdoor gatherings, and even room for a future pool. A detached two-car garage offers additional storage and is ready to be transformed into a 750 sq. ft. ADU with a quick re-approval of the prior plans. All this, with easy access to the 101 and 405 freeways, top shopping destinations, dining, schools, and public transit. Don’t miss this unique opportunity to own a home with endless potential in one of the Valley’s most sought-after neighborhoods!
Sold for $775,000
Listed by: Oak Brook Realty • Kevork Zanazanian • Contact: 818-212-9499
Bought with: Citywide Estates Inc
$775,000
7642 Wish Ave, Van Nuys, CA 91406
3beds
1,073sqft
Single Family Residence
Built in 1950
7,960 Square Feet Lot
$778,000 Zestimate®
$722/sqft
$3,230 Estimated rent
Home value
$778,000
$708,000 - $856,000
$3,230/mo
Zestimate® history
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List your homeWhat's special
Quiet tree-lined streetMature fruit-bearing lemon treeGenerous backyardSpacious enclosed rear patioTimeless hardwood floorsIndoor laundry roomCentral hvac
Zillow last checked:
Listing updated:
Listed by:
Kevork Zanazanian DRE #01781412 818-212-9499,
Oak Brook Realty
Bought with:
Caroline Yaghmourian, DRE #01253647
Citywide Estates Inc
Source: CRMLS,MLS#: SR25193725
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bedroom, Dining Room
Bedroom
- Features: Bedroom on Main Level
Bedroom
- Features: All Bedrooms Up
Bathroom
- Features: Bathroom Exhaust Fan, Remodeled, Separate Shower
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Dryer
- Laundry: Washer Hookup, Inside
Features
- Separate/Formal Dining Room, Laminate Counters, All Bedrooms Up, Bedroom on Main Level
- Flooring: Wood
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,073 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Multi, Driveway Level, Garage Faces Front, Garage, Paved
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Entry location: Main Entry
- Patio & porch: Concrete, Patio
- Pool features: None
- Spa features: None
- Fencing: Block
- Has view: Yes
- View description: None
Lot
- Size: 7,960 Square Feet
- Features: Front Yard, Lawn, Level, Sprinkler System, Walkstreet
Details
- Parcel number: 2203004030
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs
Location
- Region: Van Nuys
Financial & listing details
- Price per square foot: $722/sqft
- Tax assessed value: $806,310
- Annual tax amount: $9,865
- Date on market: 8/28/2025
- Cumulative days on market: 54 days
- Listing terms: Cash to New Loan,Conventional,FHA 203(b),FHA 203(k),FHA,Fannie Mae,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/20/2025 | Sold | $775,000+3.3%$722/sqft |
Source:  CRMLS #SR25193725 Report a problem | ||
| 9/22/2025 | Pending sale | $749,999$699/sqft |
Source: CRMLS #SR25193725 Report a problem | ||
| 8/28/2025 | Listed for sale | $749,999-3.2%$699/sqft |
Source: CRMLS #SR25193725 Report a problem | ||
| 8/31/2022 | Sold | $775,000-3.1%$722/sqft |
Source:  CSMAOR #222001609 Report a problem | ||
| 8/17/2022 | Pending sale | $799,900$745/sqft |
Source: CSMAOR #222001609 Report a problem | ||
| 7/2/2022 | Contingent | $799,900$745/sqft |
Source: CRMLS #222001609 Report a problem | ||
| 7/2/2022 | Listed for sale | $799,900$745/sqft |
Source: CRMLS #222001609 Report a problem | ||
| 6/28/2022 | Contingent | $799,900$745/sqft |
Source: CRMLS #222001609 Report a problem | ||
| 6/2/2022 | Listed for sale | $799,900$745/sqft |
Source: CRMLS #222001609 Report a problem | ||
| 5/24/2022 | Contingent | $799,900$745/sqft |
Source: CRMLS #222001609 Report a problem | ||
| 5/13/2022 | Price change | $799,900-3%$745/sqft |
Source: CRMLS #222001609 Report a problem | ||
| 4/28/2022 | Price change | $824,900-1.7%$769/sqft |
Source: CRMLS #222001609 Report a problem | ||
| 4/22/2022 | Price change | $839,000-1.2%$782/sqft |
Source: CRMLS #222001609 Report a problem | ||
| 4/11/2022 | Listed for sale | $849,000$791/sqft |
Source: CRMLS #222001609 Report a problem | ||
| 12/11/2017 | Listing removed | $2,600$2/sqft |
Source: Century21 Hilltop Report a problem | ||
| 10/16/2017 | Listed for rent | $2,600$2/sqft |
Source: Century21 Hilltop Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,865 +1% | $806,310 +2% |
| 2024 | $9,766 -5.7% | $790,500 +2% |
| 2023 | $10,353 +32.5% | $775,000 +1167% |
| 2022 | $7,814 +776.5% | $61,168 +2% |
| 2021 | $891 -0.3% | $59,970 +1% |
| 2020 | $894 | $59,356 +2% |
| 2019 | $894 +17.4% | $58,194 +2% |
| 2018 | $762 | $57,054 +2% |
| 2017 | $762 +2.5% | $55,936 +2% |
| 2016 | $743 +4.2% | $54,840 +1.5% |
| 2015 | $713 -0.3% | $54,017 +2% |
| 2014 | $716 | $52,959 +2.5% |
| 2012 | -- | $51,688 +2% |
| 2011 | -- | $50,675 +0.8% |
| 2010 | -- | $50,297 -0.2% |
| 2009 | -- | $50,418 +2% |
| 2008 | -- | $49,430 +2% |
| 2007 | -- | $48,461 +2% |
| 2006 | -- | $47,511 |
| 2005 | -- | $47,511 +4% |
| 2004 | -- | $45,668 +1.9% |
| 2003 | -- | $44,832 +2% |
| 2002 | -- | $43,954 +4% |
| 2000 | -- | $42,249 |
Find assessor info on the county website
Neighborhood: Lake Balboa
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Nearby schools
GreatSchools rating
- 5/10Stagg Street Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10William Mulholland Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Birmingham Community Charter High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$778,000
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Estimated market value
$778,000
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