On the Edge of Lake Balboa & Encino – Endless Possibilities with Solid Foundations Positioned on a prime corner lot in the city of Reseda, right where Lake Balboa and Encino meet, this three-bedroom, two-and-a-half bath home offers both charm and incredible potential. With good bones already in place including copper plumbing, a 200 amp electrical panel, and ABS drains for the additional en suite bathroom, this is a home waiting for someone to reposition and renovate into a true masterpiece. The home has been thoughtfully added onto, creating a spacious primary suite with soaring 10 foot ceilings and a private bath featuring a Roman jetted tub. The expansion also provides the perfect layout for a generous kitchen and family dining area. Throughout the home, you’ll find dual pane Milgard double hung mullioned windows dressed with plantation shutters, filling the rooms with natural light while providing energy efficiency and timeless style. The detached garage sits on a sturdy slab and opens to Kitridge through a large iron security gate, offering flexibility for an ADU, SB9 lot split, or private compound. The grounds are dotted with mature fruit trees, including black and white figs, blood orange, orange, and lemon, adding to the property's charm. Whether you're an end user, an investor, or a remodel enthusiast, this blank canvas offers a strong foundation and endless potential. Offered at $777,777 with an incredible financing option featuring 1% below market interest rates, no mortgage insurance, no lender fees, and a possible lender credit up to $6,500. Ask us for details and see how you can make this home your own.