Lake Balboa, CA
Commercial Real Estate Market Trends & Data

$431 Avg asking sale price
$218 Avg asking lease rate
9,390 SF Avg unit lease size
15,996 SF Avg building size for sale
5.47% Average cap rate

Lake Balboa's Demographic Profile

Lake Balboa has 18,315 households and a median income of $66,552, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 53,701
# Households 18,315
Median age 39
Median household income $66,552
Avg household size 3.0
Renter-occupied housing units 11,322
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lake Balboa, CA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lake Balboa $295 34,455 SF 8.03%
Van Nuys $413 24,078 SF 8.03%
Encino $444 29,352 SF 8.03%
Reseda $601 11,184 SF 7.04%
Tarzana $508 18,823 SF 7.04%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lake Balboa $456 18,767 SF 5.17%
Van Nuys $508 14,345 SF 5.17%
Tarzana $418 19,852 SF 5.17%
Nearby Retail Markets Avg Cost/SF Typical Size
Lake Balboa $616 12,222 SF
Van Nuys $640 10,232 SF
Encino $924 14,104 SF
Reseda $554 13,807 SF
Tarzana $603 13,379 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lake Balboa $313 11,739 SF 7.72%
Van Nuys $346 10,121 SF 7.72%
Encino $397 20,613 SF 5.00%
Reseda $399 10,686 SF 7.04%
Tarzana $374 17,631 SF 7.04%

Commercial Properties For Sale in Lake Balboa

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

6856 Van Nuys Blvd

Van Nuys, CA 91405

  • 15,945 SF Retail Building
  • $7,821,500
For Sale

7356 Haskell Ave

Van Nuys, CA 91406

  • 15,192 SF Multifamily
  • 5.04% Cap Rate
  • $3,995,000
For Sale

Owner-User Opportunity & Covered Land Play

Reseda, CA 91335

  • 40,200 SF Office Building
  • $8,900,000
For Sale

7737-7741 Burnet Ave

Van Nuys, CA 91405

  • 14,200 SF Industrial Building
  • $3,700,000
For Sale

For Sale: Early Education Center

Van Nuys, CA 91406

  • 4,118 SF Retail Building
  • $2,150,000
For Sale

8435 Willis Ave

Panorama City, CA 91402

  • 3,536 SF Multifamily
  • 5.21% Cap Rate
  • $1,249,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lake Balboa pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lake Balboa $431 15,996 SF
Van Nuys $466 12,577 SF
Encino $590 21,721 SF
Reseda $503 11,578 SF
Tarzana $488 17,609 SF

Multifamily Properties For Sale in Lake Balboa

For Sale

14827 W Victory Blvd

Van Nuys, CA 91411

  • 14,279 SF Multifamily
  • 5.32% Cap Rate
  • $4,650,000
For Sale

14629 W Erwin St

Van Nuys, CA 91411

  • 24,115 SF Multifamily
  • 5.43% Cap Rate
  • $10,950,000

Regional Demographic Comparison

This comparison places Lake Balboa alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lake Balboa or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lake Balboa 53,701 18,315 39 $66,552 3 11,322 -1%
Van Nuys 340,931 123,574 39 $73,759 3 77,227 -2%
Encino 117,082 40,828 42 $84,524 3 19,555 -3%
Reseda 74,197 23,003 40 $71,370 3 12,005 -3%
Tarzana 104,481 34,698 41 $78,667 3 17,224 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lake Balboa, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lake Balboa

View All Commercial Real Estate For Sale in Lake Balboa
Is Lake Balboa a good market for a first-time commercial real estate investor?

Lake Balboa offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lake Balboa?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lake Balboa. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lake Balboa?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lake Balboa. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lake Balboa compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lake Balboa. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lake Balboa acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lake Balboa, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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