5+ Days Ago
Location
16550 Vanowen St, Lake Balboa, CA 91406, USA|Lake Balboa
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Property Overview
Terraces at the Lake earns a strong overall rating, with excellent marks for price, amenities, location, and trustworthiness. It also stands out for its golf course access and helpful listing details, including 28 photos, while nearby top-rated middle and high schools add to its convenience.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Middle school nearby
- Images Available
Great for
Pet owners
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 615+ sqft | $2,350–$2,600 /mo | 3 units available | Welcome to The Terraces at the Lake, where comfort and convenience come together in this spacious 1-bedroom, 1-bath apartment located in the desirable 91406 area. This thoughtfully designed home features the everyday essentials residents are searching for—including in-unit washer and dryer, reserved parking, and access to EV charging—making your daily routine easier and more efficient. Residents also enjoy community pool access, perfect for relaxing and unwinding just steps from home. Enjoy a connected Valley lifestyle near the best of Encino and Sherman Oaks while coming home to the comfort and space of Lake Balboa. Within minutes, residents can explore Ventura Boulevard’s restaurants, cafés, shopping, and nightlife, including the Sherman Oaks Galleria and Encino Commons. For outdoor living, the one mile away, Sepulveda Basin Recreation Area and Lake Balboa Park offer miles of bike paths, jogging trails, golf courses, and some of the most enjoyable green space in Los Angeles. Apartment features include: • Spacious 1-bedroom, 1-bath layout • In-unit washer and dryer • EV charging access • Assigned parking • Pool access • Well-maintained community setting Contact us today to schedule a tour and make The Terraces at the Lake your next home. |
Let's explore this property.
Amenities for Terraces at the Lake
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Microwave |
| Refrigerator | Stove/Range |
| Washer and Dryer |
Building
| EV Charging |
Grounds
| Assigned Parking | Swimming Pool |
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
Parking Policy
Assigned Parking
Questions about this property’s policies and fees?
Building details
Property details
| Units | 50 |
|---|
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About Terraces at the Lake
Enjoy a connected Valley lifestyle near the best of Encino and Sherman Oaks while coming home to the comfort and space of Lake Balboa. Within minutes, residents can explore Ventura Boulevard’s restaurants, cafés, shopping, and nightlife, including the Sherman Oaks Galleria and Encino Commons. For outdoor living, the one mile away, Sepulveda Basin Recreation Area and Lake Balboa Park offer miles of bike paths, jogging trails, golf courses, and some of the most enjoyable green space in Los Angeles.
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.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, Terraces at the Lake is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Terraces at the Lake has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
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.
Terraces at the Lake 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·10A 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.
Terraces at the Lake stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—in-unit laundry—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Terraces at the Lake 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 Terraces at the Lake 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.
Terraces at the Lake is great 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 Terraces at the Lake compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.4 mile away
- Middle school nearby
- There is a middle school 1 mile away
- Images Available
- There are at least 10 photos of this address
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
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Rent trends in Lake Balboa
1-bedroom apartments at Terraces at the Lake cost about 31% more than the average rent price for 1-bedroom apartments in Lake Balboa.
Median rents as of Jul 4 2026.
Lake Balboa
Los Angeles
| Month | Median Rent |
|---|---|
| July 2024 | $1,835 |
| 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 | $1,739 |
| February 2026 | $1,721 |
| March 2026 | $1,697 |
| April 2026 | $1,690 |
| May 2026 | $1,650 |
| June 2026 | $1,651 |
| July 2026 | $1,650 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,655 |
| 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 | $1,677 |
| February 2026 | $1,643 |
| March 2026 | $1,665 |
| April 2026 | $1,601 |
| May 2026 | $1,561 |
| June 2026 | $1,562 |
| July 2026 | $1,521 |
Affordability calculator
Can I afford to live at 16550 Vanowen St?
Bedrooms
1 bedroomRent-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
$94,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $94,000 annually to afford this 1-bedroom monthly rent price of $2,350.
For more information on rent affordability, visit our rent calculator.
Schools near Terraces at the Lake
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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Internet available near Terraces at the Lake
Getting around Lake Balboa near 16550 Vanowen St
Walking
6/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 16550 Vanowen St, Lake Balboa
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
4/10
Some bars within walking distance
Explore the area around 16550 Vanowen St
Alta Dena Market Drive Thru
16435 Vanowen St
Food 4 Less
16530 Sherman Way
Super King Market
16107 Victory Blvd
Vallarta Supermarkets
16040 Sherman Way
Q Market & Produce
17261 Vanowen St
Pink Dolphin Clothing
6907 Hayvenhurst Ave
Fojo Couture
7100 Hayvenhurst Ave
Hi Line Apparel Group Inc
7100 Hayvenhurst Ave
Forplay Inc
6921 Valjean Ave
International Accessories Corp
7002 Sophia Ave
Fresh Press Coffee Co LLC
16217 Kittridge St
Bltea
16927 Vanowen St
Goldstar Doughnuts
16041 Vanowen St
Stop in Donuts
16851 Victory Blvd
Mama's Donuts
16844 Sherman Way
Landing Stip
16451 Vanowen St
Spring Bok Bar & Grill
16153 Victory Blvd
Best Ball
6331 Woodley Ave
Clipper Club Lounge & Bar
7277 Valjean Ave
T & T Barbershop
17652 Vanowen St
Cafe Chapin Bakery & Restaurant
16445 Vanowen St
Alta Dena Market Drive Thru
16435 Vanowen St
Mercado La Fiesta
16101 Vanowen St
Mega Organix Inc
7042 Sophia Ave
Leap Healthy Meals
15818 Wyandotte St
Playground
Beilenson Park / Lake Balboa Park
Quad
Garden
The Japanese Garden
Costa Azul Restaurant
16441 Vanowen St
Srisaket Thai Food
16449 Vanowen St
Taqueria San Jose
16435 Vanowen St
Unlimited Parnasa Tova
16435 Vanowen St
Crown of Subs Inc
6743 Odessa Ave
Vanowen / Hayvenhurst
West Hills - Burbank via Vanowen St
Vanowen / Hayvenhurst
West Hills - Burbank via Vanowen St
Vanowen / De Celis
West Hills - Burbank via Vanowen St
Vanowen / De Celis
West Hills - Burbank via Vanowen St
Vanowen / Forbes
West Hills - Burbank via Vanowen St
Van Nuys
Metrolink Ventura County Line, Metrolink Ventura County Line
Van Nuys Metrolink Station
Metrolink Ventura County Line
Northridge
Metrolink Ventura County Line, Metrolink Ventura County Line
Northridge Metrolink Station
Metrolink Ventura County Line
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