See Home Value
$775,000
● House - Off Market

7642 Wish Avenue

Lake Balboa, CA 91406
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,073 Ft²
$3,683
Est. Monthly

About This Property

Charming Lake Balboa Home with ADU Potential.  Set on a quiet, tree-lined street in the desirable Lake Balboa neighborhood, this 3-bedroom, 1-bath home offers comfort, charm, and exciting investment potential. Situated on an expansive nearly 8,000 sq. ft. lot, the property includes previously approved RTI plans for a detached 2-bedroom, 2-bath ADU/guest house-ideal for multi-generational living, rental income, or a private office retreat.

Inside, you'll find timeless hardwood floors, dual-pane windows, central HVAC, and the convenience of an indoor laundry room. A spacious enclosed rear patio extends the living area, providing the perfect setting for entertaining, hobbies, or simply relaxing. The generous backyard is a true highlight featuring 2 car detached garage, a mature, fruit-bearing lemon tree, ample space for outdoor gatherings, and even room for a future pool. A detached two-car garage offers additional storage and is ready to be transformed into a 750 sq. ft. ADU with a quick re-approval of the prior plans. All this, with easy access to the 101 and 405 freeways, top shopping destinations, dining, schools, and public transit.  Don't miss this unique opportunity to own a home with endless potential in one of the Valley's most sought-after neighborhoods!
Unit Size
1,073 Ft²
Days on Market
53 days
Land Size
0.18 acres
Price per sqft
$699
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950

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Last updated: 13 months ago (CRMLS #SR25193725)

Price History

Date / Event Date Event Price
Oct 20, 2025 Sold
Sold
Sep 23, 2025 In contract -
In contract
Aug 27, 2025 Listed by Oak Brook Realty $749,999
Listed by Oak Brook Realty
Aug 8, 2025 Price Decreased $875,000
↓ $60K (6.4%)
Price Decreased
Jul 22, 2025 Listed $935,000
Listed
Located on a charming tree-lined street in the highly sought-after Lake Balboa neighborhood, this 3-bedroom, 1-bath home offers an incredible opportunity with plans for a 2-bedroom, 2-bath ADU. Inside, you'll find original hardwood floors, dual-pane windows, central HVAC, and an indoor laundry room. A large, enclosed rear patio adds extra versatile space to spread out and entertain. The spacious backyard features a detached two-car garage, ready for conversion into a 750 sq ft ADU. Ideal for multi-generational living or rental income. There’s also a mature lemon tree, plenty of room to add a pool, and endless possibilities for outdoor entertaining. Conveniently located near the 101 & 405 freeways, with easy access to dining, shopping, schools, parks, and public transit. Don’t miss this rare opportunity to customize and add value in one of the Valley’s most desirable communities!
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 17
  • Building Style: 15
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,960
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 590
  • Total Building Area: 1,073
  • Building Area: 1,073
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 2
  • Heating: 6
  • Heated Square Feet: 1,073
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 13846
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: TRACT # 13846 LOT/SEC 62

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 131100

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 14-E2
  • Subdivision Tract Number: 13846
  • Parcel: 2203-004-030
  • Lot: 62
  • Municipality: NORTH /EAST RESEDA
  • Latitude: 34.2098
  • Longitude: -118.506

    Address

  • Full Address: 7642 Wish Ave
  • Address - House Number: 7642
  • Address - Street Name: Wish
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Van Nuys
  • Carrier Code: C017
  • 4-Digit Zip Code: 2130
  • Zip Code: 91406

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $90,838
  • Tax Rate Code Area: 00-016

    Appraisal Valuation

  • Standard Deviation: 0.0678
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 96
  • Final Value: 960,091
  • High Value: 1,025,204
  • Low Value: 894,979

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $775,000
  • Assessed Land Value: $620,000
  • Assessed Improvements Value: $155,000

    Sales

  • Current Sale Contract Date: Jun 17, 2022
  • Current Sale Recording Date: Aug 31, 2022
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 864998

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Valley


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Frequently Asked Questions

When was property at 7642 Wish Avenue built and last sold?
The property at 7642 Wish Avenue was built in 1950 and last sold on Jun 17, 2022 for $775,000.
How much is this home worth?
The estimated value of the home located at 7642 Wish Avenue is $752,464.
What are some comparable homes to 7642 Wish Avenue?
There are currently no comparable homes to 7642 Wish Avenue.