7225 Forbes Avenue

Los Angeles CA 91406

2320 sq. ft.

23377 sq. ft.

Single-Family

Last sold for $1,250,000

Allison Gold, last sold this property on 06 October 2025 after 39 days on market.

Overview

Over Half an Acre in Lake Balboa: Car Lovers, Creatives, Gardeners, and Dreamers are Welcome! You'll fall in love with this private oasis in peaceful Lake Balboa! Set on a rare 23,370 sq ft lot, this gated compound offers exceptional privacy and endless possibilities. The 3-bedroom, 2-bath home is anchored by a spacious great room with vaulted ceilings and skylights, filling the living and dining areas with natural light and warmth. While very livable, the home could benefit from some updating -- a wonderful opportunity to add value and make it your own. A true highlight is the detached 3-car garage connected to an oversized bonus space. Perfect for car aficionados, hobbyists, or creatives, it provides incredible space for a workshop, studio, or the build-out of a guesthouse or ADU -- ideal for multigenerational living or storage. Outdoors, the property continues to impress with a sparkling 14' x 40' pool, an incredible amount of succulents, native plants, trees, and generous gated parking for several vehicles and plenty of play spaces. This rare Lake Balboa gem offers the space, flexibility, and lifestyle you've been waiting for, whether your dream is to restore, expand, or create your own private compound. Property sold AS-IS. Bring your vision. Bring your entire family.

Features

3 bedrooms

2 bathrooms

6 carspaces

3 open car spaces

3 garage spaces

2320 sq. ft. floor area

23377 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Los Angeles over the last 12 months, the estimated median property value of 7225 Forbes Avenue is $885k.

Median value

$885k

Estimated value range

$600k - $1.95m

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.