6820 Jellico Avenue
Lake Balboa, CA, 91406
$999,998
MLS: SR26045789
Beds
3
Baths
2
Sq Ft
1,409
Lot
0.19 ac
Year Built
1949
MLS #
SR26045789
Days on Market
38
Listed
Mar 5, 2026
Description
Welcome to 6820 Jellico Avenue. Situated on a large lot in the highly sought-after Lake Balboa area, this property offers both comfort today and exciting possibilities for the future. The home has undergone extensive upgrades, including new electrical wiring with a 200-amp panel, a new sewer line, a new main water line, and fully updated plumbing for both supply and drainage systems. A new 3-ton HVAC system with heat pump and a tankless water heater ensure year-round comfort and improved energy efficiency. The kitchen is a true centerpiece, featuring custom wood cabinetry, quartz countertops, brand-new stainless steel smart appliances, and LED dimmable recessed lighting that creates a warm and inviting atmosphere. The living area is enhanced by a decorative wood-burning fireplace, while a Nest smart thermostat provides modern climate control. For electric vehicle owners, a 220V EV charging outlet is already installed. Adding tremendous value and future potential, the property includes paid permits for an 800 sq. ft., 2-bedroom, 2-bathroom ADU, making it shovel-ready for construction. The fully finished detached garage also presents an excellent opportunity for potential conversion into an additional dwelling. With the existing home, the approved ADU, and the potential garage conversion, the property offers the possibility to become a three-unit compound - ideal for generating rental income to help offset the mortgage or creating a comfortable multi-generational living environment. Combining modern upgrades, generous lot size, and outstanding development potential, this home represents a rare opportunity in one of Lake Balboa's most desirable neighborhoods.
Location
Lake Balboa, Los Angeles County, CA 91406
Open on Google Maps ↗Listed by: Lilith Berko · JohnHart Real Estate
Payment estimate
$7,246
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $100,000 · Loan: $899,998
- Principal & Interest
- $5,530
- Property tax (1.25%)
- $1,042
- Homeowners insurance
- $300
- Mortgage insurance
- $375
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 $35,000 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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