Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
PendingSingleFamilyResidence

7911 Paso Robles Avenue

Lake Balboa, CA, 91406

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$1,398,000

MLS: 26661361

Beds

4

Baths

2

Sq Ft

2,932

Lot

0.32 ac

Year Built

1950

MLS #

26661361

Days on Market

9

Listed

Mar 4, 2026

Description

Fully remodeled in 2024, this move-in ready 4-bedroom, 2-bath Lake Balboa home offers a rare blend of comfort, style, and everyday function on an impressive 14,000 sq ft lot. Inside, the open layout is anchored by a huge great room that creates an easy, welcoming flow for relaxing, gathering, or working from home. Thoughtful upgrades include smart home features, solar, an electric car charger, and water reclamation features for added efficiency and ease. Outside, the property truly shines with a wide semi-circular driveway with ample off-street parking for all your vehicles, plus a 2-car garage with electric charger, plus RV and boat parking - an exceptional combination rarely found in residential property. The expansive yard offers endless possibilities with mature citrus trees, room for a pool, and ADU potential. Set on a quiet residential street near parks, shopping, dining, and major commuter routes, this home offers space to breathe, room to grow, and the lifestyle today's buyers want.

Location

Lake Balboa, Los Angeles County, CA 91406

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Listed by: Dana Ehrlich · ENRG Realty, Inc

Payment estimate

$10,011

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $139,800 · Loan: $1,258,200

%
Principal & Interest
$7,731
Property tax (1.25%)
$1,456
Homeowners insurance
$300
Mortgage insurance
$524
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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 $48,930 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.

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