Lake Balboa, CA
Commercial Real Estate Market Trends & Data

$413 per SF Avg asking sale price
$38 per SF Avg asking lease rate
5,818 SF Avg unit lease size
18,617 SF Avg building size for sale
5.38% 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%

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lake Balboa $325 33,826 SF 8.80%
Van Nuys $404 23,731 SF 8.80%
Encino $429 31,166 SF 8.03%
Reseda $548 12,029 SF 8.80%
Tarzana $389 14,576 SF 8.80%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lake Balboa $407 14,332 SF 5.17%
Van Nuys $491 11,730 SF 5.17%
Tarzana $337 17,614 SF 5.17%
Nearby Retail Markets Avg Cost/SF Typical Size
Lake Balboa $571 15,080 SF
Van Nuys $624 12,450 SF
Encino $521 21,074 SF
Reseda $416 16,975 SF
Tarzana $512 14,860 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lake Balboa $331 16,974 SF 8.80%
Van Nuys $360 15,542 SF 8.80%
Encino $355 15,452 SF 5.38%
Reseda $393 64,337 SF 8.80%
Tarzana $375 60,217 SF 8.80%

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

4956-4960 Kester Ave

Sherman Oaks, CA 91403

  • 9,060 SF Multifamily
  • 4.85% Cap Rate
  • $4,100,000
For Sale

7766 Burnet Ave

Van Nuys, CA 91405

  • 4,980 SF Industrial Building
  • $2,100,000
For Sale

14722 Magnolia Blvd

Sherman Oaks, CA 91403

  • 3,588 SF Multifamily
  • 4.14% Cap Rate
  • $1,545,000
For Sale

100% Affordable Housing Development

North Hills, CA 91343

  • 0.42 AC Lot
  • 1 Commercial Lot
  • $2,700,000
For Sale

14741-14743 Calvert St

Van Nuys, CA 91411

  • 5,000 SF Industrial Building
  • $1,925,000
For Sale

15907 Enadia Way

Van Nuys, CA 91406

  • 1,760 SF Multifamily
  • 5.20% Cap Rate
  • $999,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

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 $413 18,617 SF
Van Nuys $450 15,110 SF
Encino $472 21,368 SF
Reseda $437 30,334 SF
Tarzana $434 26,917 SF

Multifamily Properties For Sale in Lake Balboa

For Sale

14827 W Victory Blvd

Van Nuys, CA 91411

  • 14,279 SF Multifamily
  • 5.71% Cap Rate
  • $4,500,000

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.

Nearby Market Trends