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Terraces at the Lake receives a commendable overall Zumper Expert Rating of 8.3, highlighting its strong appeal to renters. The property is competitively priced with excellent ratings for amenities and location, both scoring 9 out of 10, ensuring a remarkable living experience. Notable features include private balconies, stainless steel appliances, and on-site maintenance, complemented by transparency in its listing and proximity to top-rated schools, making it an attractive choice for many.
Things you’ll love
High school nearbyMiddle school nearbyDishwasher| 1BR/1.0BA | 1 bed | 1 bath | 615+ sqft | $2,400 /mo | 2 units available | Welcome to Terraces at the Lake—where thoughtful design and a refined living experience come together effortlessly. This well-designed rectangular floor plan apartment boasts 14-foot high ceilings, offering an open and airy feel throughout the space. With an in-unit washer and dryer, convenience is right at your fingertips, making laundry day a breeze. The layout is perfect for relaxing evenings or hosting friends. Step onto your balcony, an ideal spot for morning coffee, evening cocktails, or getting some work done outdoors—all in the comfort of your own home. Apartment Highlights: ▪️ 14-foot high ceilings that create an open and spacious atmosphere
▪️ In-unit washer and dryer for added convenience
▪️Well appointed kitchen with sleek breakfast bar
▪️ New stainless steel appliances
▪️ Balcony with room for outdoor dining and seating
▪️ Stylish bathroom with bathtub, shower, lighted mirrors, and built-in Bluetooth speaker
▪️ Custom-built bedroom closet with mirrored doors
▪️ Luxury vinyl flooring and recessed lighting throughout
▪️ Secure-entry gated parking and on-site maintenance Community Features: ▪️ Tranquil gardens and peaceful fountain
▪️ Refreshing plunge pool to cool off on warm Valley days The Location You Want: Discover Terraces at the Lake—Lake Balboa’s hidden gem. Enjoy quick access to Ventura Blvd’s dining, bars, and shopping in Sherman Oaks, Encino, and Tarzana—without the premium price. Balboa Park is just minutes away, offering scenic trails, a duck pond, golf, tennis, playgrounds, and more. A thoughtful home in a community that feels just right. Schedule your tour today and see why you belong here | |
| 2BR/2.0BA | 2 bed | 2 bath | 715 sqft | $3,000 /mo | 3 units available | Immerse yourself in luxury in this chicly remodeled 2 bed, 2 bath, top floor unit, boasting a stylish kitchen, updated bathrooms, stainless steel appliances, Nest thermostat, laminate wood flooring, and LG washer/dryer. 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 central AC, updated appliances and recessed lighting throughout, this unit offers modern living at its finest. The updated bathrooms have LED mirrors, built-in Bluetooth speakers and sliding glass shower doors showcasing the updated hardware and shower heads. In the bedrooms one will find custom closets, contemporary recessed lighting and additional storage above the bed. 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! * 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 | Refrigerator |
| Stove | Washer and Dryer |
One-time.
One-time. Refundable.
| Units | 49 |
|---|
Welcome to Terraces at the Lake—where thoughtful design and a refined living experience come together effortlessly. This well-designed rectangular floor plan apartment boasts 14-foot high ceilings, offering an open and airy feel throughout the space. With an in-unit washer and dryer, convenience is right at your fingertips, making laundry day a breeze. The layout is perfect for relaxing evenings or hosting friends. Step onto your balcony, an ideal spot for morning coffee, evening cocktails, or getting some work done outdoors—all in the comfort of your own home. Apartment Highlights: ▪️ 14-foot high ceilings that create an open and spacious atmosphere
▪️ In-unit washer and dryer for added convenience
▪️Well appointed kitchen with sleek breakfast bar
▪️ New stainless steel appliances
▪️ Balcony with room for outdoor dining and seating
▪️ Stylish bathroom with bathtub, shower, lighted mirrors, and built-in Bluetooth speaker
▪️ Custom-built bedroom closet with mirrored doors
▪️ Luxury vinyl flooring and recessed lighting throughout
▪️ Secure-entry gated parking and on-site maintenance Community Features: ▪️ Tranquil gardens and peaceful fountain
▪️ Refreshing plunge pool to cool off on warm Valley days The Location You Want: Discover Terraces at the Lake—Lake Balboa’s hidden gem. Enjoy quick access to Ventura Blvd’s dining, bars, and shopping in Sherman Oaks, Encino, and Tarzana—without the premium price. Balboa Park is just minutes away, offering scenic trails, a duck pond, golf, tennis, playgrounds, and more. A thoughtful home in a community that feels just right. Schedule your tour today and see why you belong here
How Terraces at the Lake compares to other nearby properties.
Positives
1-bedroom apartments here are priced 31% higher than 1-bedrooms in Lake Balboa.
If you decide to upgrade your space, you can expect 2-bedrooms at Terraces at the Lake to be 18% more than the average for similarly sized apartments in Lake Balboa.
| Month | Median Rent |
|---|---|
| March 2024 | $1,698 |
| 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 | $1,739 |
| February 2026 | $1,721 |
| March 2026 | $1,700 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,795 |
| 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 | $1,677 |
| February 2026 | $1,643 |
| March 2026 | $1,656 |
Can I afford to live at 16550 Vanowen St?
Bedrooms
Rent-to-income ratio
30%
$96,000/yr
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Mid-City West • 5700 W 6th St
1–2 Beds
$2,364–$3,605
Sherman Oaks • 14150 Riverside Dr
Studio–1 Bed
$2,795–$3,715
Central Hollywood • 1410 N Highland Ave
1 Bed
$1,541–$2,195
East Hollywood • 200 N Vermont Ave
Studio–2 Beds
$2,195–$3,506
Woodland Hills-Warner Center • 21601 Erwin St
Studio–3 Beds
$1,899–$2,635
Hollywood Hills West • 1714 N Mccadden Pl
Studio–2 Beds
$2,049–$4,029
Lake Balboa • 6650 Hayvenhurst Ave
1 Bed
$1,725
Sylmar • 14500 Olive View Dr
1–2 Beds
$2,045–$2,395
Mid-City West • 5700 W 6th St
1–2 Beds
$2,364–$3,605
Sherman Oaks • 14150 Riverside Dr
Studio–1 Bed
$2,795–$3,715
Central Hollywood • 1410 N Highland Ave
1 Bed
$1,541–$2,195
East Hollywood • 200 N Vermont Ave
Studio–2 Beds
$2,195–$3,506
Woodland Hills-Warner Center • 21601 Erwin St
Studio–3 Beds
$1,899–$2,635
Hollywood Hills West • 1714 N Mccadden Pl
Studio–2 Beds
$2,049–$4,029
Lake Balboa • 6650 Hayvenhurst Ave
1 Bed
$1,725
Sylmar • 14500 Olive View Dr
1–2 Beds
$2,045–$2,395
