Modern Homes Los Angeles: January 2012

Take advantage of 4 levels of Townhouse living space with this SHORT SALE opportunity! Quiet location just footsteps away from the Van Nuys golf course and Balboa Park, 16426 Kittridge St #9, Lake Balboa 91406, is currently offered at $229,000! Beautiful hardwood floors and spacious rooms. This 2 Bedroom / 3 FULL Bath home offers 2 balconies(living and master), fireplace and laundry room. Den / office on the 1st floor. 2 Car garage allows direct access into your unit. Rooftop deck is perfect for BBQ and gatherings with friends. Perfect for first-time buyers! Low HOA dues and tons of storage!

16426 Kittridge St #9, Balboa Park 91406

As a Short Sale / Short Pay listing, it is advised to brief yourself with the Short Sale Addendum provided by CAR forms. Every buyer of a Short Pay listing should understand all the nuances with a transaction of this type. There are two loans on this title, but should not be a problematic negotiation. Agent is experienced with Short Sale negotiations and listings. Agent also carries SFR certification (Short Sale and Foreclosure Resource). The buyer MAYBE required to contribute to the 2nd loan? Buyer be prepared and make offer accordingly. No deposits are accepted until the bank has completed it negotiation and forwarded the paperwork showing acceptance of offer.

This unit has over 1500sf of living space in the 14-unit Lake Balboa Verandas condominium complex just south of the Van Nuys Airport and just north of Lake Balboa Park. If you are a golfer, the Van Nuys Golf Course is footsteps away at the end of Kittridge on Odessa.

Included in the Living area is a gas fireplace with log-kit included. Works great. I had it on last week when it was cold and rainy. Recessed lighting throughout the unit.

Ceramic tile back splash compliments the granite counters. Kitchen includes stove and dishwasher. Grout is still needed to finish the back splash area. Roomy and plenty of cabinets for storage.

Throughout the unit, you will consistently note the upgrade details the seller has provided including the beautiful hardwood floors and cabinets in Hall, Kitchen and Baths. Everything is cohesive and provides the crossing for your "T's". Again, there are some treatments that need a little more work to be completed, but nothing that would stop you in your tracks. ;-)

The Den / Office is located on the first floor and could easily convert into a bedroom with a full Bath just across the hall.

The stairway features hardwood flooring and tile. Beautiful iron banister extending four floors.

There needs some baseboard completion in some areas of the stairs.

The Master Suite includes a balcony, LARGE walk-in closet and dual vanity Bath.

Be forewarned, there is a break in the dual pane glass slider. There is actually only one pane. The door should be replaced. Seller is NOT giving credits nor compensation towards the sale of this home.

The Master balcony overlooks the entry courtyard lush with vegetation and light in the afternoon western sun.

Beautifully earth-toned granite is featured on the vanities upstairs. It's really lovely for granite. The Master Bath has plenty of room and plenty of natural light.

The 2nd Bedroom is equally spacious and includes it's own private full Bath.

This is where the party begins! This inviting rooftop allows friends to gather and enjoy the scenery abound while grilling those nibbles.

On the ground level you will find the Laundry room and access to private 2-car Garage.

Notice the built in wine racks along the wall with more cabinets for storage. Trust me, it's a good environment for wine down there and holds about 18 bottles. Washer and Dryer are not included in the sale. The Laundry room is a launderer's dream with plenty of room and storage.

The 2-car garage allows for security and privacy with electric garage door-opener. Perfect area to plug-in that electric vehicle.

There is commercial property located across the street on the corner of Odessa and Kittridge, but relatively quiet operations. The area is nuanced with much to offer. The park alone is a reprieve into nature. The HOA is in good condition with no major conflicts for buyers looking to close smoothly. The HOD is $200/mo, which was increased from $168 last month. The building is well-kept and reserves are growing with improvements being made when needed. The garage gate was installed last year as an improvement. As this building is relatively new as it was built in 2004, the unit feels like with a fresh coat of paint and some light cosmetic work, it should feel like new.

If interested in purchasing as an investment, you could anticipate rentals in the neighborhood of $1,350/mo*. Check out the financial model below:

You may find more community information here. For more information, questions and seller disclosure** pertaining to MLS#12-572531, please feel free to contact me directly:

Steve Ward
Realtor®, SFR®
Mid-Century Specialist

Historian & Preservation Advocate
Keller Williams Realty - Los Feliz
modernhomesla_logo 01SMALLBUG.jpg