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6714 Jellico
About This Property
The thoughtfully updated main residence offers approximately 1,277 sq. ft. with 3 bedrooms and 2 bathrooms, featuring a bright, inviting floor plan designed for comfortable everyday living and entertaining. Stylish finishes and modern updates create a truly move-in-ready home with the warmth and character today's buyers are looking for. Adding tremendous value and versatility is the approximately 400 sq. ft. permitted detached ADU featuring 1 bedroom and 1 bathroom. Whether used for family, guests, work-from-home space, or potential rental income ($2200 to $2400 per month) to help offset monthly housing expenses, this separate residence provides flexibility that is increasingly difficult to find.
Together, the main residence and ADU offer approximately 1,677 sq. ft. of living space with a total of 4 bedrooms and 3 bathrooms, all situated on an approximately 7,250 sq. ft. lot. The spacious property provides room to relax, entertain, and enjoy Southern California living while maintaining separation and privacy between the two residences. This unique setup is ideal for an owner-user looking for additional space and income potential without sacrificing the comfort of a traditional single-family home. Conveniently located in Lake Balboa and adjacent to Encino, with easy access to shopping, dining, recreation, transportation, and everything the San Fernando Valley has to offer. Why settle for just a house when you can have a beautifully updated home PLUS a permitted second residence? 6714 Jellico offers the flexibility to live, work, host, and potentially generate income-all on one property.
A special opportunity for buyers looking for more than the typical single-family home. Come experience everything 6714 Jellico Avenue has to offer!
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What does this mean?
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%.
How much can I actually make?
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 |
|---|---|---|---|
| Oct 7, 2026 | In contract | - | |
| In contract | |||
| Aug 21, 2026 | Listed by Rodeo Realty | $999,999 | |
| Listed by Rodeo Realty | |||
| May 25, 2026 | Listed by Rodeo Realty | $1,029,000 | |
| Listed by Rodeo Realty | |||
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FULLY RENOVATED HOME + PERMITTED ADU + FUTURE EXPANSION POTENTIAL Beautifully and meticulously renovated single-level home tucked away on a quiet, tree-lined cul-de-sac in one of Lake Balboa s most desirable neighborhoods. This light-filled 3-bedroom, 2-bath residence offers approximately 1,277 square feet of thoughtfully upgraded living space on an expansive 7,000+ square foot lot. Nearly every detail has been improved, including newer windows and doors, updated drywall, recessed LED lighting, waterproof luxury laminate wood flooring, a newer roof, upgraded HVAC system, and a tankless water heater. The open-concept layout creates seamless flow for everyday living and entertaining. The modern kitchen is completely redone with quartz countertops, new cabinetry, stainless steel appliances, and clean, contemporary finishes. The primary suite features a beautifully remodeled bathroom, creating a comfortable private retreat. A spacious laundry room leads directly to the backyard. What truly sets this property apart is the newly constructed, fully permitted approx. 400 sq ft 1-bedroom, 1-bath ADU a rare and highly valuable addition. Designed as a true independent living space, it features its own full kitchen, stainless steel appliances, dedicated laundry, and a private entrance. Ideal for rental income, multigenerational living, guest quarters, or a private workspace, the ADU provides immediate flexibility and long-term financial upside. The expansive backyard offers a park-like setting with exceptional space and layout, presenting a rare opportunity to potentially add a third ADU (buyer to verify) further enhancing income potential and future value. Additional highlights include abundant secure off-street parking and a highly convenient location near Lake Balboa Park, Woodley Lakes Golf Course, the Sepulveda Basin Recreation Area, Encino Farmers Market, and the Metro Orange Line, with easy access to the 101 and 405 freeways. A rare opportunity offering modern upgrades, a brand-new income-producing ADU, and future expansion potential delivering both lifestyle and investment in one compelling property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017