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Updated 1 Day Ago

Highlights

  • Gated parking
  • Prime location
  • Gas stove
  • On-site pool
  • Modern apartment complex
  • Central a/c and heat

Location

16812 Sherman Way, Van Nuys, CA 91406, USA|Lake Balboa
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Contact

Management

Mandalay Palms Apartments

Leasing office

(747) 202-6672 ext. 2

Property Overview

Spacious One Bedroom Apartment in Lake Balboa offers gated parking, a prime location, a gas stove, central air and heat, and access to an on-site pool within a modern apartment complex. It combines practical comfort with convenient features in a well-located setting.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Spacious One Bedroom Apartment in Lake Balboa! is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Spacious One Bedroom Apartment in Lake Balboa! has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • Middle school nearby
  • More space

Floor plans

1BR/1.0BA1 bed1 bath700 sqft$1,835–$1,900 /mo2 units availableThis bright and airy apartment features comfortable Berber carpeting throughout and has been freshly painted for a fresh, inviting feel. Enjoy a spacious living space with high ceilings, a wall-to-wall mirrored closet, and large windows that let in plenty of natural light. The unit is equipped with a gas stove, dishwasher, garbage disposal, and central A/C for ultimate comfort. Monthly Rent: $1,835 Move-In Costs: 1st month’s rent + $1,835 security deposit (OAC), $35 application fee Community Amenities: Gated parking (1 reserved space) Pool & garden courtyard On-site laundry facilities Intercom entry (818 area code only) Apartment Features: Berber carpeting Central A/C & Heat White kitchen appliances Gas stove & dishwasher Large, mirrored closet Private balcony High ceilings and ample natural light Note: Photos are representative of the apartments in the building and may not be of the exact unit available for rent. We also have other units coming soon with prices ranging from $1,835 to $1,950. Call now to schedule your viewing! (310) 629-3690

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Amenities for Spacious One Bedroom Apartment in Lake Balboa!

Apartment Amenities

Air ConditioningHigh Ceilings
Water

Appliances

DishwasherRange
Refrigerator
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units50

About Spacious One Bedroom Apartment in Lake Balboa!

HomeApartments in Los AngelesLake Balboa Spacious One Bedroom Apartment in Lake Balboa!

Welcome to Mandalay Palms Apartments, a modern apartment complex located in the vibrant neighborhood of Lake Balboa, CA. Each unit at MANDAL comes equipped with central A/C and heat, a convenient dishwasher, and a gas stove for all your cooking needs. Residents can enjoy a refreshing swim in the on-site pool or take advantage of the peace of mind provided by gated parking. With its prime location and desirable amenities, Mandalay Palms Apartments offers a comfortable and convenient living experience for all. Schedule a tour today to see all that Mandalay Palms Apartments has to offer.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Spacious One Bedroom Apartment in Lake Balboa! is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Spacious One Bedroom Apartment in Lake Balboa! has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Spacious One Bedroom Apartment in Lake Balboa!
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Spacious One Bedroom Apartment in Lake Balboa! stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Spacious One Bedroom Apartment in Lake Balboa! goes above and beyond to provide sought-after conveniences and desirable perks, including air conditioning. Renters looking for popular or luxurious features will find them here—and for that reason, Spacious One Bedroom Apartment in Lake Balboa! receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Spacious One Bedroom Apartment in Lake Balboa! is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Spacious One Bedroom Apartment in Lake Balboa! does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Spacious One Bedroom Apartment in Lake Balboa! compares to other nearby properties.

Positives

High school nearby
There is a high school 0.5 miles away
Middle school nearby
There is a middle school 0.6 miles away
More space
The 1-bedroom is 100 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.2 miles away
Balcony
Easy access to the outdoors

Considerations

Distance from transit
More than 2.5 miles from public transportation
Distance from grocery stores
The nearest grocery store is 4.1 miles away
Lacks images
Fewer than 5 photos available for this property

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Rent trends in Lake Balboa

1-bedroom apartments at Spacious One Bedroom Apartment in Lake Balboa! cost about 2% more than the average rent price for 1-bedroom apartments in Lake Balboa.

Median rents as of Oct 17 2026.
Lake Balboa
Los Angeles
A table of studio rental data trends in Los Angeles
MonthMedian Rent
November 2024$1,814
December 2024$1,845
January 2025$1,848
February 2025$1,815
March 2025$1,810
April 2025$1,756
May 2025$1,745
June 2025$1,750
July 2025$1,750
August 2025$1,736
September 2025$1,702
October 2025$1,702
November 2025$1,709
December 2025$1,738
January 2026$1,739
February 2026$1,721
March 2026$1,697
April 2026$1,690
May 2026$1,650
June 2026$1,651
July 2026$1,650
August 2026$1,650
September 2026$1,650
October 2026$1,649
A table of studio rental data trends in Lake Balboa
MonthMedian Rent
November 2024$1,650
January 2025$1,631
February 2025$1,640
March 2025$1,635
April 2025$1,543
May 2025$1,686
June 2025$1,715
July 2025$1,742
August 2025$1,666
September 2025$1,679
October 2025$1,689
November 2025$1,695
December 2025$1,750
January 2026$1,677
February 2026$1,643
March 2026$1,665
April 2026$1,601
May 2026$1,561
June 2026$1,562
July 2026$1,533
August 2026$1,541
September 2026$1,613
October 2026$1,658

Affordability calculator

Can I afford to live at 16812 Sherman Way?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$73,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $73,400 annually to afford this 1-bedroom monthly rent price of $1,835.
For more information on rent affordability, visit our rent calculator.

Schools near Spacious One Bedroom Apartment in Lake Balboa!

Gault Street Elementary School

17000 gault st

lake balboa, CA, 91406

K-5Public
B-

Lokrantz Special Education Center

19451 wyandotte st

reseda, CA, 91335

K-12Public

Charles Leroy Lowman Special Ed & Career Transition Center

12827 saticoy st

north hollywood, CA, 91605

K-12Public

Burbank Unified Independent Learning Academy (Buila)

3715 allan ave

burbank, CA, 91505

K-12Public
B+

Las Virgenes Independent

4029 las virgenes rd

calabasas, CA, 91302

K-8Public
A
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Getting around Van Nuys near 16812 Sherman Way

Walking

6/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

6/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 16812 Sherman Way, Van Nuys

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

2/10
Few or no bars within walking distance

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