Updated 2 Days Ago
Location
16550 Vanowen St, Lake Balboa, CA 91406, USA|Lake Balboa
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Property management
Apartments for rent Los AngelesApartments for rent Mid-Town North HollywoodApartments for rent Wilshire Center - KoreatownApartments for rent GlendaleApartments for rent Mid-City WestApartments for rent Long BeachApartments for rent Van NuysApartments for rent West HollywoodApartments for rent West HollywoodApartments for rent Hollywood Hills WestApartments for rent Sherman OaksApartments for rent Congress NorthApartments for rent PasadenaApartments for rent Westchester-Playa Del ReyApartments for rent WestlakeApartments Near Me
Houses for rent Los AngelesHouses for rent Santa MonicaHouses for rent Simi ValleyHouses for rent Seal BeachHouses for rent GlendaleHouses for rent Rancho Palos VerdesHouses for rent La MiradaHouses for rent LomitaHouses for rent East WhittierHouses for rent CovinaHouses for rent Long BeachHouses for rent IrvineHouses for rent PasadenaHouses for rent Huntington BeachHouses for rent Santa ClaritaHouses for rent near me
Property Overview
Terraces at the Lake earns a strong overall rating, with standout marks for price, amenities, and location, plus a high trustworthiness score that suggests clear, detailed information. Its close proximity to top-rated middle and high schools, 39 photos, and nearby golf courses add to its appeal for renters seeking convenience and a well-rounded setting.
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- More space
- Middle school nearby
Great for
Pet owners
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 690 sqft | $2,500 /mo | 1 unit available | This bright one bedroom, one bath home features a large plate glass window with southern exposure that fills the space with natural light. It includes an in unit washer and dryer and is located in a clean, professionally managed building. EV charging and designated parking are available. Conveniently located near the 405 and 101 freeways. |
Let's explore this property.
Amenities for Terraces at the Lake
Apartment Amenities
| Dryer | Washer |
Appliances
| In-Unit Laundry | Microwave |
| Range/Oven | 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
| Units | 51 |
|---|
Advertisement
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 miles away
- More space
- The 1-bedroom is 90 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 0.7 miles away
- Images Available
- There are at least 10 photos of this property
Considerations
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Lake Balboa
1-bedroom apartments at Terraces at the Lake cost about 37% more than the average rent price for 1-bedroom apartments in Lake Balboa.
Median rents as of Oct 3 2026.
Lake Balboa
Los Angeles
| Month | Median Rent |
|---|---|
| October 2024 | $1,802 |
| 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 | $1,650 |
| Month | Median Rent |
|---|---|
| October 2024 | $1,661 |
| 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 | $1,674 |
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
$100,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $100,000 annually to afford this 1-bedroom monthly rent price of $2,500.
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
Advertisement
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
Compare similar properties nearby
SageLA - BRAND NEW
Our team has verified this companyEast Hollywood • 200 N Vermont Ave
Studio–2 Beds
$2,304–$5,056
- cats ok
- dishwasher
- fitness center
Fusion Encore Hollywood
Our team has verified this companyHollywood Hills West • 1714 N Mccadden Pl
Studio–2 Beds
$2,299–$4,625
- cats ok
- dishwasher
- fitness center
Fusion Warner Center
Our team has verified this companyWoodland Hills-Warner Center • 21601 Erwin St
Studio–3 Beds
$2,054–$3,545
- cats ok
- dishwasher
- fitness center
Masselin Park West
Our team has verified this companyMid-City West • 5700 W 6th St
1–2 Beds
$2,542–$3,968
- cats ok
- dishwasher
- fitness center
Miles at Highland CoLiving
Our team has verified this companyCentral Hollywood • 1410 N Highland Ave
1 Bed
$1,395–$2,245
- cats ok
- dishwasher
- fitness center
La Scala Apartments
Our team has verified this companyWinnetka • 7255 Winnetka Ave
1 Bed
$1,795–$1,950
- cats ok
- dishwasher
- fitness center
Sherman Oaks Gardens
Our team has verified this companySherman Oaks • 5425 Sepulveda Blvd
Studio–2 Beds
$2,095
- cats ok
- dishwasher
- fitness center
Burbank Village Apartments
Our team has verified this companyValley Village • 12244 Burbank Blvd
Studio–2 Beds
$2,150–$2,525
- cats ok
- dishwasher
- fitness center
SageLA - BRAND NEW
Our team has verified this companyEast Hollywood • 200 N Vermont Ave
Studio–2 Beds
$2,304–$5,056
- cats ok
- dishwasher
- fitness center
Fusion Encore Hollywood
Our team has verified this companyHollywood Hills West • 1714 N Mccadden Pl
Studio–2 Beds
$2,299–$4,625
- cats ok
- dishwasher
- fitness center
Fusion Warner Center
Our team has verified this companyWoodland Hills-Warner Center • 21601 Erwin St
Studio–3 Beds
$2,054–$3,545
- cats ok
- dishwasher
- fitness center
Masselin Park West
Our team has verified this companyMid-City West • 5700 W 6th St
1–2 Beds
$2,542–$3,968
- cats ok
- dishwasher
- fitness center
Miles at Highland CoLiving
Our team has verified this companyCentral Hollywood • 1410 N Highland Ave
1 Bed
$1,395–$2,245
- cats ok
- dishwasher
- fitness center
La Scala Apartments
Our team has verified this companyWinnetka • 7255 Winnetka Ave
1 Bed
$1,795–$1,950
- cats ok
- dishwasher
- fitness center
Sherman Oaks Gardens
Our team has verified this companySherman Oaks • 5425 Sepulveda Blvd
Studio–2 Beds
$2,095
- cats ok
- dishwasher
- fitness center
Burbank Village Apartments
Our team has verified this companyValley Village • 12244 Burbank Blvd
Studio–2 Beds
$2,150–$2,525
- cats ok
- dishwasher
- fitness center