15743 Covello Street
Lake Balboa, CA, 91406
$1,599,000
MLS: P1-24850
Beds
7
Baths
9
Sq Ft
3,654
Lot
0.14 ac
Year Built
1954
MLS #
P1-24850
Days on Market
135
Listed
Nov 7, 2025
Description
Welcome to this expansive single family residence located in the highly sought after Lake Balboa neighborhood. Thoughtfully updated over the years, this home offers incredible space, comfort, and versatility to suit a variety of needs. The main level features six bedrooms and seven bathrooms, along with a den and office that provides ample room for family, guests, or workspace. The spacious living room flows seamlessly into an adjacent dining area, creating the perfect setting for gatherings and entertaining. The kitchen offers granite countertops, a stylish backsplash, and a light filled breakfast area ideal for casual dining. Upstairs, you'll find a spacious family room with exterior access, a seventh bedroom with a half bath, and a large home theater room complete with its own private guest bath making it an ideal retreat for movie nights or entertaining. With a total of seven bedrooms and nine bathrooms, this home is perfectly suited for multi-generational living or could offer potential for a possible home-style care facility (buyer to verify possible uses with the city). Centrally located in Lake Balboa, this exceptional property offers easy access to major freeways, allowing for convenient travel throughout Los Angeles. A rare find offering both size and flexibility, this home presents a wonderful opportunity in one of the Valley's most desirable communities.
Location
Lake Balboa, Los Angeles County, CA 91406
Open on Google Maps ↗Listed by: Devon Beck · Berkshire Hathaway Home Servic
Payment estimate
$11,407
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $159,900 · Loan: $1,439,100
- Principal & Interest
- $8,842
- Property tax (1.25%)
- $1,666
- Homeowners insurance
- $300
- Mortgage insurance
- $600
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Lake Balboa home with as little as 3.5% down using an FHA loan — roughly $55,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Van Nuys, CA 91406 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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