Cul-de-Sac Gem with Assumable 3.125% Loan ! Welcome home to 7550 Ruffner Ave, a beautifully remodeled 3-bedroom, 2-bath retreat tucked on a quiet cul-de-sac just moments from Lake Balboa, Sherman Oaks, and an easy commute to the Westside. This home blends thoughtful updates with everyday livability and comes with a financial edge that's rare in today's market. Step inside to a large, open family floor plan filled with natural light, ideal for both everyday living and entertaining. French doors lead seamlessly from the living space to the backyard, blurring the line between indoor and outdoor living. The remodeled kitchen and living areas flow effortlessly into a spacious layout designed for modern life. The master suite is a true retreat, featuring a fireplace, spa-inspired bath with a large marble-tiled shower and separate water closet for added privacy. Two additional bedrooms and a second full bath round out the interior. Car enthusiasts, hobbyists, and entrepreneurs will love the detached 2-car garage, a standout feature built for serious use. It's equipped with two AC units, its own dedicated 100-amp sub panel, and a commercial-grade exhaust fan, making it perfect for a workshop, studio, or future ADU conversion. The real showstopper: this home comes with an assumable loan of approx. $550,000 at just 3.125% interest, locked in for the next 26 years. In today's rate environment, qualified buyers can step into a payment far below what a new loan would cost. This home allows assumption, making it one of the lowest monthly mortgage payments available on any comparable home in the area. This is a rare opportunity to combine a beautifully updated home with an unbeatable financing advantage. Don't miss your chance to own a move-in-ready home in a prime location with a loan that could save you hundreds per month. Schedule your private showing today. * * OFFERS REQUESTED/DUE BY 8/25 AT 12:00PM * *
Single-familyProperty Type
1951Year Built
7,281 sq ftLot Size
$506Price/Sq.Ft.
2 garage spacesParking
Listed by Cesar Leyva•DRE #01490664• Beverly & Company Luxury Properties
Lake Balboa, located between Van Nuys Airport and the Sepulveda Basin Recreation Area, is a residential and park-rich Los Angeles neighborhood with a broad lakefront greenbelt and a grid of mid-century ranch homes. The neighborhood’s character concentrates around the Lake Balboa/Anthony C. Beilenson Park loop, where cyclists, anglers, picnic tables, and weekend pop-up energy share the shoreline. Streets tend toward low-slung single-story houses, tidy yards, and apartment courts along the busier corridors. The Sepulveda Basin’s paths and open fields shape daily routines more than nightlife. The Japanese Garden offers a quiet, designed landscape, while the Encino Farmers Market adds a weekly ritual nearby. Woodley Park’s archery range and cricket fields underline the area’s outdoors-first identity.
Provided by Walk Score and Local Logic
Market insights
7550 Ruffner Ave · $899,000
DAYS ON MARKET
55 days
The average home goes pending in 45 days.
SALE-TO-LIST
99.9%
Most homes are selling 0% below list price.
LIST PRICE
$899,000
Median sale price in this area is $1,016,665. (13% higher than this home)
PRICE DROP
0 price drops
17% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Crown moldings
Open floor plan
Turnkey
Double pane windows
One fireplace
Bathrooms
Two full bathrooms
Tile bathrooms
Remodeled bathrooms
Kitchen
Free-standing gas range
Dishwasher
Garbage disposal
Range/oven
Kitchen island
Breakfast counter/bar
Breakfast bar
Dining area
Remodeled kitchen
Eating area in kitchen
Laundry & utility
Laundry inside the unit
Laundry area
Flooring
Laminate floors
Tile floors
Heating & cooling
Central heating (natural gas)
Gas water heater
A/C
Ceiling fan
Other cooling
Exterior features
Fenced yard with landscaping and sidewalks
Cul-de-sac location
Concrete slab patio
Drip irrigation system, front and rear sprinklers with timer
Home design
Detached single-family home
One level
Faces west
Updated/remodeled condition
Combination and stucco exterior
Parking
Detached 2-car garage
Concrete driveway
Total of 5 parking spaces (2 covered, 3 open)
Security
Smoke detectors
Carbon monoxide detectors
Exterior security lights
Construction
Composition shingle roof
Combination and stucco construction
Other on-site structures
Utilities
Public/District water
Sewer connected and paid
Other
Fee land lease type
Electricity and solar
View estimated energy costs and solar savings for this home
Construct an addition to the rear of an existing residence.
Addition
Apr 28, 2016 • Final
Electrical
Upgrade the electrical service to 200 amps.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 99° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
7 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Van Nuys, CA • 91406
Average low and high temperatures (°F)
70
48
72
50
75
53
74
53
77
57
83
61
89
64
93
66
87
65
83
58
72
51
71
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home ranks in the top 18% for direct sun exposure in Van Nuys. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7550 Ruffner Ave
$897,544
$1,456 under list price of $899K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $765K to $1.0M.