6524 Forbes
Lake Balboa, CA, 91406
$849,000
MLS: SR26059853
Beds
3
Baths
2
Sq Ft
1,226
Lot
0.14 ac
Year Built
1950
MLS #
SR26059853
Days on Market
29
Listed
Mar 19, 2026
Description
A sweet alternative to a condo or townhouse—with no HOA—this charming 3BD/2BA home offers the opportunity to own a single-family residence in a beautiful, centrally located area of Lake Balboa. Situated on a desirable corner lot, the property provides added privacy, extra parking, and excellent potential with a detached two-car garage—perfect for use as-is or future ADU conversion for additional income. The home features a comfortable and functional floor plan with 1,226 sq ft of living space, including a spacious kitchen, well-sized bedrooms, and nicely appointed bathrooms. Clean and well maintained, it offers an easy opportunity to update and personalize. Step outside to a private, inviting backyard with mature fruit trees—ideal for relaxing, entertaining, and creating lasting memories. Conveniently located near parks, shopping, and freeway access, this property presents a fantastic opportunity for both end users and investors.
Location
Lake Balboa, Los Angeles County, CA 91406
Open on Google Maps ↗Listed by: Hana Ishak · Equity Union
Payment estimate
$6,198
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $84,900 · Loan: $764,100
- Principal & Interest
- $4,695
- Property tax (1.25%)
- $884
- Homeowners insurance
- $300
- Mortgage insurance
- $318
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 $29,715 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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