Lake Balboa was carved out of an area of Van Nuys in 2002, and home values skyrocketed with the new designation. Nearby areas, wanting to enjoy the same benefits of separating from Van Nuys, petitioned the City Council for years, until finally, a motion was approved in 2007 naming a larger portion of Van Nuys to Lake Balboa. Now, the new boundaries are Roscoe Blvd. on the North (flanked by Northridge), White Oak Ave. on the West (flanked by Reseda), Victory Blvd. on the South (flanked by Encino) and a stepped back boundary of Haskell Ave., Hayvenhurst Ave. and Balboa Blvd. on the East (flanked by Van Nuys).
Lake Balboa was named after the 27-acre Balboa Lake — filled with water from the Tillman Water Reclamation Plant – which is the centerpiece of the Anthony C. Beilenson Park encompassing 80 acres in the Sepulveda Basin Recreation Area. The community is home to Birmingham Community Charter High School, Daniel Pearl Journalism Magnet School, William Mulholland Middle School and several currently low- rated elementary schools.
Lake Balboa is popular with home buyers who are looking for a central Valley location and are priced out of Encino and Sherman Oaks.
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