16931 Gault Street
About This Property
This bright and airy central hub is bathed in natural light from all-new windows and flows effortlessly into the backyard, blurring the line between indoors and out. The updated kitchen is an entertainer's delight, featuring beautiful quartz countertops, white shaker cabinets, and a suite of stainless steel appliances, including a new refrigerator.
Step outside to your private backyard oasis, a true extension of your living space. The versatile yard offers a charming brick patio for al fresco dining and a large, flat lawn for play and relaxation.
Down the hall, the home features three generous bedrooms and two updated bathrooms, including a tranquil primary suite. An individual laundry room with a new washer and dryer and the home's classic hardwood floors add to the comfort and convenience.
With its prime Lake Balboa location, the best of the Valley is at your doorstep. Spend weekends exploring the sprawling Anthony C. Beilenson Park, enjoying the pedal boats on the lake, the bike paths, or the tranquility of the renowned Japanese Garden. You are just minutes from the Balboa and Encino golf courses, as well as the vibrant shops and restaurants along Ventura Boulevard. With easy access to the 405 and 101 freeways, this move-in ready home offers the perfect blend of a peaceful neighborhood retreat and effortless city connection.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Sep 14, 2025 | Listed by DOMO Real Estate | $899,000 | |
| Listed by DOMO Real Estate | |||
| Dec 7, 2022 | No longer available | - | |
| No longer available | |||
| Nov 19, 2022 | Listed by Pinnacle Estate Properties Inc. | $850,000 | |
| Listed by Pinnacle Estate Properties Inc. | |||
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Welcome to this stylish and move-in ready single-level Lake Balboa home! With a bright and attractive open floor plan, this very special property will make your heart sing. Yes, it's that fabulous! With generous-sized three bedrooms including an ensuite primary bedroom with long spacious closet and a two fully remodeled bathrooms. You'll love the gorgeous and refinished original hardwood floors throughout. Elegant and ideal for entertaining, experience the easy flow from the family room, dining area, and kitchen. Great for gatherings and cooking, the kitchen countertops are beautiful quartz, all new white shaker cabinets with new hardware and even the stainless steel appliances are brand new; there's also ample storage in the individual laundry room. Step out onto the dreamy backyard that features brick patio area, an oversized grass yard with multiple areas for outdoor dining, relaxing, or play. This backyard is perfect for entertaining! This lovely Lake Balboa home has so much to offer! The property is located in a highly desirable neighborhood in close proximity to multiple spacious parks, recreational activities, and a dog park. Easy freeway access and multiple public transportation options are available to assist you in your commute, or when planning weekend excursions. The manager has listed the unit size as 1383 square feet.
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About South Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017