Lake Balboa Property Management
Lake Balboa, nestled in the San Fernando Valley of Los Angeles, California, is a vibrant community with a rich history and diverse culture. Originally developed in the 1940s, Lake Balboa was initially part of the larger Van Nuys district until it gained recognition as its own neighborhood in the 21st century. Named after the nearby Lake Balboa Park, the area boasts scenic views and ample recreational opportunities.
The culture of Lake Balboa reflects the eclectic mix of residents who call it home. With its proximity to major attractions like the Japanese Garden and Balboa Sports Complex, the neighborhood attracts outdoor enthusiasts, families, and young professionals alike. The community is known for its friendly atmosphere, vibrant local businesses, and a variety of dining options offering cuisines from around the world.
In recent years, Lake Balboa has witnessed a surge in real estate activity, driven by its desirable location and attractive amenities. Condos, townhomes, and multi-family properties have become popular choices for both homebuyers and investors. The average price for condos and townhomes in Lake Balboa typically ranges from $400,000 to $600,000, depending on factors such as size, location, and amenities. Multi-family properties offer additional investment opportunities, with prices varying based on the number of units and rental income potential.
As Lake Balboa continues to evolve, its real estate market remains dynamic, offering diverse options for those seeking to establish roots or invest in this thriving community. With its blend of history, culture, and modern amenities, Lake Balboa stands as a testament to the enduring appeal of life in the San Fernando Valley.
Residential & Multi-Family Properties in Lake BalboaThe median price for single family homes in Lake Balboa is just under $1m. By comparison, the median price for single family homes in Chatsworth is $1,490,000 (Movoto); Calabasas is about $2,800,000; Van Nuys is about $800,000; Brentwood is also $800,000; $1.7m in Hollywood; $949,000 in Northridge; $814,000 in Reseda; $2.1 million in Tarzana and $1.24 million in Woodland Hills.
If you are considering purchasing a single-family or multi-family home as an investment in Lake Balboa, Belwood Properties should be on your preferred list of Residential Property Management Companies. Belwood has a 20 year+ track record of exceptional property management service for residential, HOA, and commercial properties.
Our Leasing Protocol in Lake Balboa
- Show property to prospective tenants
- Thorough screening of prospective tenants
- Creating lease agreements
Our Property Management Protocols in Lake Balboa
- Tenant relations
- Maintenance and emergencies (all requests are scheduled and overseen by commercial team)
- Property checks for preventative maintenance (once every 2 weeks)
- Rent collection
- Oversite of all vacancies and preparation
- Updated market reports
- Bank reconciliations
- Payment of property taxes, insurance, mortgage, utilities, maintenance, etc.
- Financial and owner reports
- Budget preparation
- Calculation or property expenses and explanation of property expenses
- Collection and processing of asset receipts
Condos Prices in Lake Balboa
According to realtor.com, the price for condos and townhomes in Lake Balboa is between $400,000-$600,000 while Chatsworth is about $587.000 (Redfin). Calabasas ranges between $650,000 and just over $2m, about $500,000 to $2.4m in Brentwood, and just under $1m in Hollywood according to RedFin. Northridge, by contrast ranges from $390,000 – $767,000. Reseda’s median price for condos and townhomes is $538,000 compared to $495,000 in Tarzana.
HOA Association Property Management in Lake Balboa
If you need better HOA association management for your condo or apartment building in Lake Balboa, give us a call. HOA Association Property Management in Lake Balboa requires the management of dues collection, property maintenance, CC&R enforcement, financials, and much more. Belwood Properties is a HOA property management company known for its exceptional communication and relationship-building with property managers.