7255 Balboa 20
Lake Balboa, CA, 91406
(No pictures available yet)
$510,000
MLS: SR26092094
Beds
2
Baths
2
Sq Ft
1,118
Lot
0.83 ac
Year Built
1981
MLS #
SR26092094
Days on Market
5
Listed
May 4, 2026
Description
This is an outstanding opportunity in the heart of Lake Balboa. Perfect for first-time buyers, small families, or anyone looking for an affordable and well-appointed home. Conveniently located near shopping, restaurants, and easy access to the 101 Freeway. This beautifully updated condo features two bedrooms and two bathrooms, along with a spacious living room, dining area, and kitchen complete with a breakfast bar. The home is filled with natural light, creating a bright and inviting atmosphere throughout. Recent upgrades include new flooring, all new appliances, a refreshed fireplace, and resurfaced wood cabinetry with added built-in shelving for both style and functionality. The popcorn ceilings have been removed, giving the home a clean, modern feel. The primary bedroom is privately situated toward the back of the unit, offering a quiet and comfortable retreat. A standout feature is the full-size laundry room with floor-to-ceiling cabinets, providing excellent storage. Additional closet space is thoughtfully placed throughout the home. Enjoy a large outdoor patio with gated entry and a security alarm system, perfect for relaxing or entertaining. This is an end unit with only one shared wall, offering added privacy. A two-car tandem garage is conveniently located below the unit. To top it off, all furniture and appliances are included, making this a true move-in-ready opportunity. This property may qualify for up to $161,000 in down payment assistance, making homeownership more accessible than ever.
Location
Lake Balboa, Los Angeles County, CA 91406
Open on Google Maps ↗Listed by: Sixto Mejia · ehomes
Payment estimate
$3,927
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $51,000 · Loan: $459,000
- Principal & Interest
- $2,904
- Property tax (1.25%)
- $531
- Homeowners insurance
- $300
- Mortgage insurance
- $191
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 May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $17,850 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
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
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