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7307 Forbes Ave, Lake Balboa, CA 91406

List Price: $1,399,999On Market FlagOn market
May 15, 20252,455 sqft3 beds4 baths
Listed by: Steve Neuman
License #: 00992077
Phone #: 818-430-0096
Park Regency Realty
Source:
CRMLS Logo
MLS #: SR25105842

Property Description

Welcome to this extensively remodeled modern home in the heart of Lake Balboa, offering 2,455 sq ft of stylish living space on an expansive 11,250 sq ft lot. Thoughtfully redesigned with a contemporary open-concept floor plan. The home is filled with natural light through out... all-new California Deluxe Low-E windows / sliding glass doors. The stunning kitchen boasts an impressive eat-in center island, tons of cabinet storage, new stainless steel appliances...Janska 36 inch gas oven with matching range hood, Samsung fridge with water dispenser, Samsung built-in oven with built-in microwave. Adjacent to the kitchen is a large walk-in pantry with shelves and cabinets for storage. The family room has tall arched ceilings for a spacious & airy feel, a dramatic 12-foot sliding glass door, A “bar area” with a built-in wine cooler. This home features two in-suite bathrooms, one of them being the primary with tall arched ceilings, a spacious walk-in closet with plenty of storage, a huge walking shower and a soak-in tub. Additional upgrades include a freshly tiled fireplace in the family room & living room, brand-new bathrooms, new baseboards, new matte black doors, new door jambs, door casings, new matte black door hardware & all-new recessed lighting throughout the entire home. Additional features include: All-new electrical (complete re-wire), new sub panel, new Navien 199 BTU tankless water heater, copper plumbing, newer comp shingle roof (2023) new attic insulation, newer HVAC (2023), new ducting, new NEST thermostat and paid off newer solar (2023). You’ll also find a fully drywalled/finished garage with recessed lighting, new garage door with new automatic opener. Enjoy ultimate privacy with new 6-foot vinyl side fencing and 8-foot rear fencing, plus a convenient half-circle driveway for easy access and ample parking. The house has a freshly painted interior and exterior with matte black accents throughout. The lush landscaping is supported by a brand-new sprinkler system, creating a beautiful and functional outdoor space. Located within walking distance of In-N-Out Burger and just minutes from freeway access, this turnkey home blends modern design with everyday convenience.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

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“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$22,842

TurboHome Estimated Value

$1,461,400

$595 sqft

High Valuation
$1,534,470
$625/sqft
Normal Valuation
$1,461,400
$595/sqft
Low Valuation
$1,388,330
$566/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$595/sqft$1,461,400

Neighborhood: Reseda

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Comparative Value

$975K

$1.01M

$1.08M

$1.33M

$1.40M

$1.60M

7027 Shoshone Ave, Van Nuys, CA 91406

Sale Price: $975,000

Selected Comparable

6613 Gaviota Ave, Van Nuys, CA 91406

Sale Price: $1,010,000

Selected Comparable

7356 Enfield Ave, Reseda, CA 91335

Sale Price: $1,085,000

Selected Comparable

7327 Whitaker Ave, Lake Balboa, CA 91406

Sale Price: $1,333,400

Selected Comparable

7307 Forbes Ave, Lake Balboa, CA 91406

List Price: $1,399,999

Subject Property

6511 Gloria Ave, Van Nuys, CA 91406

Sale Price: $1,600,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
7307 Forbes Ave, Lake Balboa, CA 91406

7307 Forbes Ave, Lake Balboa, CA 91406

List: $1,399,999

Listed: 5/15/2025

Area:2,455 sqft
Price/sqft:$570
Beds:3
Baths:4
Year Built:
Lot Size:11,254

Comparable Properties

COMPARABLE
Choose comps
7327 Whitaker Ave, Lake Balboa, CA 91406

7327 Whitaker Ave, Lake Balboa, CA 91406

Sale: $1,333,400

5/23/20250.07 mi

Area:2,652 sqft
Price/sqft:$503
Beds:3
Baths:3
Year Built:
Weight:22.1%
7027 Shoshone Ave, Van Nuys, CA 91406

7027 Shoshone Ave, Van Nuys, CA 91406

Sale: $975,000

7/14/20251.05 mi

Area:2,199 sqft
Price/sqft:$443
Beds:3
Baths:3
Year Built:
Weight:20.0%
7356 Enfield Ave, Reseda, CA 91335

7356 Enfield Ave, Reseda, CA 91335

Sale: $1,085,000

6/11/20251.40 mi

Area:2,320 sqft
Price/sqft:$468
Beds:3
Baths:3
Year Built:
Weight:20.0%
6613 Gaviota Ave, Van Nuys, CA 91406

6613 Gaviota Ave, Van Nuys, CA 91406

Sale: $1,010,000

3/24/20251.33 mi

Area:2,299 sqft
Price/sqft:$439
Beds:3
Baths:3
Year Built:
Weight:19.0%
6511 Gloria Ave, Van Nuys, CA 91406

6511 Gloria Ave, Van Nuys, CA 91406

Sale: $1,600,000

5/15/20251.50 mi

Area:2,465 sqft
Price/sqft:$649
Beds:4
Baths:4
Year Built:
Weight:18.9%

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