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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

(818) 717-7088 ext. 2

Property Overview

The Spacious One Bedroom Apartment in Lake Balboa receives an impressive Zumper Expert Rating of 8 out of 10, reflecting its outstanding value and quality. With notable features including gated parking, a gas stove, and an on-site pool, the property emphasizes comfort and modern living. It excels in location and amenities, earning ratings of 9 and 8 out of 10, respectively, while also providing easy access to highly-rated schools within a short distance.

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
  • Elementary school nearby

Floor plans

1BR/1.0BA1 bed1 bath700 sqft$1,900 /mo1 unit availableSpacious one Bedroom Apartment with wall to wall closets, Balcony, Gas stove, Dishwasher, Garbage Disposal and Central AC. Must see! Call to Schedule viewing Today! Monthly rent $1900, Move-in costs are 1st month’s rent + $1900 security deposit OAC and $35 Application Fee Community features: • Intercom entry • Gated parking with 1 parking space • Pool • On-Site Laundry facilities • Garden courtyard setting Apartment home features: • Laminate flooring & linoleum flooring • Central A/C and Heat • Patio, Balcony • White appliances • High ceilings • Wall to wall mirrored closets • Lots of closet space • Dishwasher • Gas Stove • Large windows *** Call/Text to schedule a showing (310) 629-3690 ***

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Amenities for Spacious One Bedroom Apartment in Lake Balboa!

Apartment Amenities

Air ConditioningHigh Ceilings

Appliances

DishwasherRange

Services

Water and Trash
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
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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 water and trash. 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·7A 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.
Spacious One Bedroom Apartment in Lake Balboa! provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

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 1 mile away
Middle school nearby
There is a middle school 1 mile away
Elementary school nearby
There is an elementary school 0.2 mile away
Dishwasher
Dishwasher available in kitchen

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Lake Balboa

1-bedroom apartments at Spacious One Bedroom Apartment in Lake Balboa! cost about 6% more than the average rent price for 1-bedroom apartments in Lake Balboa.

Median rents as of Jan 24 2026.
Lake Balboa
Los Angeles
A table of studio rental data trends in Los Angeles
MonthMedian Rent
February 2024$1,695
March 2024$1,712
April 2024$1,718
May 2024$1,750
June 2024$1,778
July 2024$1,816
August 2024$1,848
September 2024$1,848
October 2024$1,801
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$1,737
A table of studio rental data trends in Lake Balboa
MonthMedian Rent
February 2024$1,715
March 2024$1,779
April 2024$1,655
May 2024$1,666
June 2024$1,695
July 2024$1,625
August 2024$1,857
September 2024$1,981
October 2024$1,667
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$1,691

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

$76,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $76,000 annually to afford this 1-bedroom monthly rent price of $1,900.
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

Marlton

4000 santo tomas dr

los angeles, CA, 90008

K-12Public

Sophia T. Salvin Special Education Center

1925 budlong ave

los angeles, CA, 90007

K-10Public
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Internet available near Spacious One Bedroom Apartment in Lake Balboa!

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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