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Sold for $975,000 · Apr 2025

SOLD

Listed at $949,900

Sold

6942 Petit Avenue, Lake Balboa, CA 91406

Lake Balboa, CA

MLS# SR25053685

1,176 Sq Ft • Single Family Home3bd • 2ba
10 days on market

Listing Agent

Julian Park

Listing Agent

Park Regency Realty

DRE #: 02018567

Brokerage: Park Regency Realty

Property Details

3

Bedrooms

2

Bathrooms

1,176 sqft

Square Feet

1949

Year Built

0.25 acres

Lot Size

$829

Price/Sq Ft

2

Garage Spaces

N/A

HOA

Single Family Home

Property Type

Description

This is LAKE BALBOA'S PREMIER ENTERTAINER'S BACKYARD. Nestled in an EXCLUSIVE, HISTORIC neighborhood originally developed for postwar military officials, the quarter-acre lot offers serene isolation due to the perfectly manicured foliage. Despite all this, the tremendous swimming pool commands the center of attention. Welcome home to a sacred neighborhood. The backyard also hosts a shaded bar, along with a patio cover attached to the house. A spacious shed in the corner ties it all together. This backyard defines prestige. The house itself opens to a dramatic open-floor living room. An oversized window allows you soak in magical Los Angeles sunsets. The kitchen boasts classy green imported granite countertops accented by stylish darker custom cabinets. The enormous center island gives purpose and function to the living room. Smooth ceilings, recessed lights, and a mid-century modern fireplace complete this house as an elite entertainer's house. The first bedroom possesses an upgraded classic stone-tile bathroom with shower that CONNECTS to the backyard - it doubles as a pool bathroom! The other two bedrooms share a hallway bathroom which is also upgraded in stone. Leased solar panels for ONLY $50/month and a NEW roof complete this perfect home. But if none of this convinces you then just know this - Lake Balboa is the Valley's fastest appreciating zip code. It's Encino's entry-level neighborhood. But you already know - this is more than a financial investment. This is an investment in the quality of your life.

Listing description from the April 2025 sale, as reported to CRMLS.

Facts & Features

Details

Stories
1
Pool
Yes
Cooling
CentralAir
View
Valley

Sale history for 6942 Petit Avenue

1 recorded sale

$975,000
Sold April 2025 · listed $949,900, on market March 2025, 10 days on market · MLS #SR25053685 · Source: CRMLS
Listing Agent: Julian Park · Listing Office: Park Regency Realty · Contact: 818-390-3265 · Bought with: Julian Park · Park Regency Realty

How this sale compares

6942 Petit Avenue sold for $975,000 in April 2025, 2.6% over its $949,900 list price, after 10 days on the market. That works out to $829 per square foot on 1,176 square feet. Across 167 closed sales in 91406 over the last 12 months, the median sold price is $880,000 and the median is $561 per square foot, 32% below this sale's $829. 3-bedroom rentals in 91406 currently list at a median of $3,995 a month (19 listings).

$829
This sale, per sq ft
$561
91406 median per sq ft (12 mo)
$880,000
91406 median sold price (12 mo)
167
Closed sales in 91406 (12 mo)
10
Days on market
+2.6%
Sold vs. list price
QuarterClosed sales in 91406Median sold price
Q1 202614$892,500
Q2 202671$850,000
Q3 202662$902,500
Q4 202620$892,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Lake Balboa · Homes for sale in 91406

Recent sales near 6942 Petit Avenue

Closed sales reported in 91406, nearest first, last 12 months. All recent sales in Lake Balboa →

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