3
Bedrooms
Sold for $975,000 · Apr 2025
SOLDListed at $949,900
Lake Balboa, CA
MLS# SR25053685
Julian Park
Listing Agent
Park Regency Realty
DRE #: 02018567
Brokerage: Park Regency Realty
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
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.
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1 recorded sale
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).
| Quarter | Closed sales in 91406 | Median sold price |
|---|---|---|
| Q1 2026 | 14 | $892,500 |
| Q2 2026 | 71 | $850,000 |
| Q3 2026 | 62 | $902,500 |
| Q4 2026 | 20 | $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
Closed sales reported in 91406, nearest first, last 12 months. All recent sales in Lake Balboa →
6942 Petit Avenue
Contact Julian Park
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Contact Listing Agent
Park Regency Realty
DRE #02018567
Contact information is not available for this listing.