$965,000

This sweet property on Enadia Way in Lake Balboa offers a rare combination of flexibility, privacy, and income potential. In the front part of the lot sits a single-family house while the back area features a permitted ADU. The charming 3-bedroom, 2-bath home has a back covered patio, fenced-yard, and inside laundry room; while the 1-bedroom, 1-bath ADU has a patio, fenced-yard and stacked washer/dryer. The home is situated on a quiet cul-de-sac near the Van Nuys/Lake Balboa border, within an established, tree-lined neighborhood that offers convenient access to the 405, valley airports, shopping, dining, recreation (golf), and other amenities. The approximately 1,268-square-foot front home has central HVAC, two fireplaces, and was recently painted and reroofed. The back one-bedroom house is cooled/heated by a mini-split HVAC system and provides private access from the driveway. The property is thoughtfully configured for independent living, with separately metered electricity and utility infrastructure, allowing each household to pay its respective utilities. The lot is approximately 5,500-square-feet and the two residences provide separation for individualized living while also the benefit of rental income, room for extended family or guests, or the opportunity to maintain both residences as income property. With individual addresses plus privacy the ideal setup has been created for an owner-occupant seeking supplemental rental income. Both residences are currently tenant-occupied, providing immediate income for an investment buyer. The front residence was recently leased ($3,321), and the ADU is currently occupied on a month-to-month basis ($1,818). The property has maintained consistent occupancy throughout the sellers' ownership after purchasing it as their LA home. Private group showings of the single-family can be scheduled with a minimum of 48-hours' notice. Photos are digitally enhanced/staged.