7129 Forbes Avenue, Lake Balboa, CA 91406
7129 Forbes Avenue, Lake Balboa, CA 91406
Property Description
This is a Short Sale. This lovely 2,525-square-foot home, constructed in 2007 in Van Nuys, offers 4 bedrooms and 3 bathrooms. The expansive primary suite includes an 18'x18' bedroom with two walk-in closets, dual sinks, a separate shower, and a soaking tub. A versatile downstairs bedroom is ideal for guests or a home office. The residence is equipped with modern conveniences like a dedicated laundry room, a two-car garage, and smart home features such as customized lighting, a smart lock, thermostat, and security cameras. Entertainment is enhanced by built-in surround sound speakers and a gas fireplace. Outdoors, the property boasts drought-tolerant ficus trees, a vertical garden, a strawberry patch, and a raised garden bed with an automatic watering system. Designed for privacy, this home is perfect for both indoor and outdoor entertaining. Make sure to come see.
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 4 active · 5 closed
Lake Balboa · Single Family Residence
Listed 5.3% below the median closed sale of $1,160,000. Price per sqft ($435) is a 14% discount to closed comps ($508).
Price Position
Priced below the market — value advantage over the field.
Active Properties (4)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 17326 Parque Vanowen Way | Lake Balboa | 2016 | 3 | 3 | 2,359 | 3,901 | $435 | $1.02M | 0 | 85 |
| 7426 Leescott Avenue | Lake Balboa | 2020 | 4 | 4 | 2,200 | 6,373 | $523 | $1.15M | 123 | 83 |
| 16750 Valerio Street | Lake Balboa | 1968 | 3 | 2 | 1,980 | 6,238 | $518 | $1.02M | 24 | 72 |
| 7032 Encino | Lake Balboa | 1951 | 4 | 2 | 1,928 | 8,193 | $570 | $1.10M | 31 | 69 |
| Total: 4 · Average | 3.5 | 2.8 | 2,116.75 | 6,176.25 | $511.5 | $1.07M | 44.5 | |||
| Median | 2,200 | $1.10M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16943 Hartland | Lake Balboa | 1949 | 10/07/2026 | 4 | 3 | 2,248 | 6,602 | $1.28M | $1.27M | $565 | 0.99 | 48 | 82 |
| 6646 Petit Avenue | Lake Balboa | 1964 | 07/01/2026 | 5 | 3 | 2,280 | 6,543 | $1.18M | $1.21M | $529 | 1.03 | 27 | 77 |
| 6820 Texhoma Avenue | Lake Balboa | 1949 | 09/29/2026 | 4 | 3 | 2,281 | 8,062 | $1.20M | $1.16M | $509 | 0.97 | 39 | 77 |
| 6834 Shoshone | Lake Balboa | 1949 | 07/02/2026 | 4 | 3 | 2,176 | 8,063 | $1.08M | $1.10M | $506 | 1.02 | 35 | 75 |
| 6648 Gaviota Avenue | Lake Balboa | 1946 | 08/27/2026 | 4 | 4 | 2,659 | 10,391 | $1.17M | $1.15M | $431 | 0.98 | 197 | 67 |
| Total: 5 · Average | 4.2 | 3.2 | 2,328.8 | 7,932.2 | $1.18M | $1.18M | $508 | — | 69.2 | ||||
| Median | 2,280 | $1.16M | $1.16M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.