Sepulveda Basin Neighborhood

Apartments in Lake Balboa, CA

Welcome to Lake Balboa, a San Fernando Valley neighborhood in the City of Los Angeles centered on the lake and recreation spaces of the Sepulveda Basin.

Lake Balboa is a residential neighborhood in the San Fernando Valley, within the city of Los Angeles, California. It takes its name from Lake Balboa, an artificial lake at the heart of Anthony C. Beilenson Park, an 80-acre recreation facility inside the Sepulveda Basin Recreation Area. The basin is one of the largest open spaces in the valley, offering biking paths, two golf courses, two sports centers, an archery park, a wildlife reserve, and Japanese gardens along Woodley Avenue. The neighborhood is roughly bounded by Victory Boulevard on the south, White Oak Avenue on the west, and the Van Nuys Airport area on the east, with the Sepulveda Basin flood-control lands forming a wide greenbelt through its center. Because Lake Balboa lies within the city of Los Angeles, it shares the city's census and municipal services and is served by the Los Angeles Unified School District. The area developed through the twentieth century as the San Fernando Valley suburbanized, with a mix of single-family homes, apartments, and condominiums. Its defining feature is the parkland: the lake draws walkers, cyclists, and families, and the Sepulveda Dam recreation area provides rare open space in an otherwise dense urban valley. Residents value the combination of suburban valley neighborhoods with direct access to green space, and the community sits within easy reach of the 101 and 405 freeways, Van Nuys, Encino, and the broader Los Angeles economy. Lake Balboa's identity is tied to its namesake lake and the recreation opportunities of the basin. Its central-valley location places it close to major employment, shopping, and transportation corridors while maintaining a quieter, park-oriented character that distinguishes it from surrounding commercial districts. For families, commuters, and outdoor enthusiasts alike, Lake Balboa offers an uncommon mix of urban convenience and genuine open space.

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MARKET SNAPSHOT

The Market at a Glance

How homes have been selling here over the last 90 days.

home_work New This Week 5
Went Under Contract 0
trending_down Price Reductions 0
payments Median Sale Price $920,000 -6.2%
square_foot Price per Sq Ft $566
schedule Avg Days on Market 23
sell Homes Sold 17
percent Sale-to-List Ratio 100.0%
inventory_2 Months of Inventory 8.4

Price & Sales History

Market data reflects closed sales over the last 90 days and is provided for informational purposes.

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