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Terraces at the Lake receives a strong Zumper expert rating of 8.3, reflecting its competitive pricing, outstanding amenities, and prime location, all rated at 9. Additionally, the property features modern living with a private balcony, stainless steel appliances, and a full-size washer and dryer. Its proximity to top-rated schools enhances the overall appeal, making it a desirable option for renters seeking quality and convenience.
Things you’ll love
High school nearbyMiddle school nearby| 1BR/1.0BA | 1 bed | 1 bath | 690 sqft | $2,400 /mo | 1 unit available | Immerse yourself in luxury in this chicly remodeled 1 bed, 1 bath, 1st floor unit, boasting a stylish kitchen, updated bathroom, stainless steel appliances, Nest thermostat, laminate wood flooring, and full size washer & dryer in unit. Bask in the natural light of the open floor plan with private balcony. A stone's throw away from the Sepulveda Basin wildlife reserve, local eateries, and the convenience of the 405 and 101 freeways. With updated appliances and recessed lighting throughout, this unit offers modern living at its finest. The updated bathroom has LED mirror, built-in Bluetooth speakers and sliding glass shower doors showcasing the updated hardware and shower heads. In the bedrooms one will find custom walk in closet, contemporary recessed lighting and additional storage in living area. Fall in love with this serene Lake Balboa building complete with updated parking, a sparkling plunge pool and a welcoming lobby. You'll definitely want to call this home! **PLEASE NOTE: Explication images may not be of the exact but comparable unit. * Price shown is base rent and may not include non-optional fees and utilities. *Price and availability is subject to change without notice. * Square footage definitions vary. Displayed square footage is approximate. If interested please call (818)355-2868 |
Let's explore this property.
Appliances
| Dishwasher | In-Unit Laundry |
| Microwave | Range |
| Refrigerator | Stove |
| Washer and Dryer |
| Units | 49 |
|---|
Immerse yourself in luxury in this chicly remodeled 1 bed, 1 bath, 1st floor unit, boasting a stylish kitchen, updated bathroom, stainless steel appliances, Nest thermostat, laminate wood flooring, and full size washer & dryer in unit. Bask in the natural light of the open floor plan with private balcony. A stone's throw away from the Sepulveda Basin wildlife reserve, local eateries, and the convenience of the 405 and 101 freeways. With updated appliances and recessed lighting throughout, this unit offers modern living at its finest. The updated bathroom has LED mirror, built-in Bluetooth speakers and sliding glass shower doors showcasing the updated hardware and shower heads. In the bedrooms one will find custom walk in closet, contemporary recessed lighting and additional storage in living area. Fall in love with this serene Lake Balboa building complete with updated parking, a sparkling plunge pool and a welcoming lobby. You'll definitely want to call this home! **PLEASE NOTE: Explication images may not be of the exact but comparable unit. * Price shown is base rent and may not include non-optional fees and utilities. *Price and availability is subject to change without notice. * Square footage definitions vary. Displayed square footage is approximate. If interested please call (818)355-2868
How Terraces at the Lake compares to other nearby properties.
Positives
Considerations
1-bedroom apartments at Terraces at the Lake cost about 30% more than the average rent price for 1-bedroom apartments in Lake Balboa.
| Month | Median Rent |
|---|---|
| December 2023 | $1,777 |
| January 2024 | $1,785 |
| 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 | $1,713 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,900 |
| January 2024 | $1,912 |
| 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 | $1,700 |
Can I afford to live at 16550 Vanowen St?
Bedrooms
1 bedroomRent-to-income ratio
30%
$96,000/yr
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1–2 Beds
$2,514–$3,444
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Studio–2 Beds
$2,500–$3,864
East Hollywood • 200 N Vermont Ave
Studio–1 Bed
$2,358–$3,652
Woodland Hills-Warner Center • 21601 Erwin St
Studio–2 Beds
$2,195–$3,080
Sherman Oaks • 14150 Riverside Dr
Studio–1 Bed
$2,745–$3,530
Canoga Park • 21217 Gault St
1 Bed
$1,795
Mid-City West • 5700 W 6th St
1–2 Beds
$2,514–$3,444
Hollywood Hills West • 1714 N Mccadden Pl
Studio–2 Beds
$2,500–$3,864
East Hollywood • 200 N Vermont Ave
Studio–1 Bed
$2,358–$3,652
Woodland Hills-Warner Center • 21601 Erwin St
Studio–2 Beds
$2,195–$3,080
Sherman Oaks • 14150 Riverside Dr
Studio–1 Bed
$2,745–$3,530
Canoga Park • 21217 Gault St
1 Bed
$1,795
