ActiveResidential · sale

15905 Enadia Way

Lake Balboa, CA 91406

$849,900

  • 4 beds
  • 3 baths
  • 1,760 sq ft
  • 0.13 acres
  • Built 1954

Listed by Nourmand & Associates-BW · MLS #26106461

Listing status & updates
MLS last changed
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Availability last checked
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Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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15905 Enadia Way, Lake Balboa, CA 91406 · MLS #26106461

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Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

The main house also features hardwood flooring, sliding doors off the living room that opens to a lovely covered patio for al fresco dining and a laundry room.

Year built

Built in 1954.

Property size

0.13 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

A fantastic opportunity in Lake Balboa situated on a cul-de-sac which features a 3 bed, 2 bath main house (1,306 sq. ft) and a 1 bedroom, 1 bath ADU (409 sq ft) with it's own address (15907 Enadia Way). Brand new vinyl fencing divides the two units expertly, allowing for private outdoor space for both homes, ideal for a child's play area or a dog to run. The main house also features hardwood flooring, sliding doors off the living room that opens to a lovely covered patio for al fresco dining and a laundry room. A true 1 bedroom unlike most ADUs of this size, 15907 also features in unit laundry and french doors that open to it's own private yard. The property has been remarkably well cared for by its current owners with upgrades including a newer electrical panel, brand new vinyl fencing and a brand new roof, just in time for El Nino! HVAC and all appliances are less than 7 years old. Currently fully leased, 15905 and 15907 Enadia Way are perfect for an investor looking for a hands-off income property, or for a first-time homeowner looking to subsidize their mortgage with healthy income from the ADU. Please inquire directly with the listing agent about the possibility of delivering 1 or both units vacant.
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THE NEIGHBORHOOD

Explore the location.

15905 Enadia Way, Lake Balboa, CA 91406

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1954
Full baths
3
Half baths
0
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Refrigerator,Dryer,Washer
Flooring
Wood
Pool
No
Pool features
None
Spa
No
Zoning
LAR1
Parcel
2224004028

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$3,541.25
Cap rate—

Annual operating income: —

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

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Stone-front home with a landscaped lawn and central entry
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Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

More in Lake Balboa.

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Listing information

MLS #26106461 · California Regional MLS

Listing brokerage: Nourmand & Associates-BW
Listing agent: John O'Brien

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.