Commercial Real Estate Market in Lake Balboa, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,398 active listings and 85,356 off-market properties in Lake Balboa, CA. Commercial property asks $363/SF to buy and $27.78/SF/Yr to lease.
Market Trends
Lake Balboa, CA spans 8.1 square miles in Los Angeles County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Lake Balboa, CA asks $23.40/SF/Yr to lease and $305/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail space in Lake Balboa, CA asks $20.18/SF/Yr to lease and $510/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Lake Balboa, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Lake Balboa, CA asks $330/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Lake Balboa, CA has 53,252 residents in 19,650 households. Density runs 6,608 people per square mile. Median household income here is $76,653 and median gross rent $1,859 a month.
53,252
Population
19,650
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
8.1 sq mi
ZIP Area
6,608
Density / Sq Mi
$76,653
Median Household Income
$41,469
Median Earnings
$1,859
Median Rent
$765,000
Median Home Value
Tools
Lease vs Buy Breakeven
At $27.78/SF/Yr lease vs $363/SF buy → buying wins if held > 2.5 years.
The comparison uses county-wide sale comps against Lake Balboa asking rents, so the implied 7.7% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Van Nuys | $363 (county avg) | $24.56 |
| San Fernando | $363 (county avg) | $74.12 |
| Chatsworth | $363 (county avg) | — |
Commercial property in Lake Balboa, CA asks $363/SF. The 3 bordering markets run from $363/SF in Van Nuys to $363/SF in Van Nuys, and the city sits in line with their $363/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Balboa?
Commercial property in Lake Balboa, CA asks an average of $363 per square foot. The 5 most recent recorded sales traded at a median of $221/SF, so asking sits 64% above the achieved median. Retail carries the highest asking price at $510/SF.
How much does it cost to lease commercial space in Lake Balboa?
Asking lease rates in Lake Balboa, CA average $27.78 per square foot per year. Office asks $23.40/SF/Yr as of Q2 26, down from $31.18/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Lake Balboa?
Buying beats leasing in Lake Balboa, CA if the property is held longer than 2.5 years, comparing $27.78/SF/Yr asking rent with $363/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Lake Balboa compare to nearby markets on price?
Lake Balboa, CA asks $363/SF against $363/SF in Van Nuys, $363/SF in San Fernando and $363/SF in Chatsworth.
Where does Realmo's Lake Balboa market data come from?
Realmo compiles Lake Balboa, CA figures from 7 recent recorded sales, 4,650 active sale listings, 1,748 active lease listings, 85,356 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4,650 active for-sale and 1,748 active for-lease listings in Lake Balboa, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
