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To list your property with Belmont Brokerage, contact us at (818) 967-6311 or email brokerage@bbandm.com. Our team will provide a complimentary AI-powered Comparative Market Analysis (CMA), professional staging recommendations, and a customized marketing strategy. We list on the MLS and through our exclusive off-market network for maximum exposure.

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Yes. Belmont Brokerage handles commercial real estate transactions including office spaces, retail locations, multi-family investments, and mixed-use developments throughout Los Angeles County. Our commercial division provides investment analysis, lease negotiations, and 1031 exchange guidance.

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Belmont Brokerage combines California MLS data with internal valuation and offer-strategy workflows, plus compliance-aware document tooling. Agents get data-driven pricing context grounded in active listings and recent market activity.

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Yes. Belmont Brokerage Inc. operates under California Department of Real Estate (DRE) license #02431308. Listings shown from the MLS follow participating board rules, including attribution and IDX display requirements.

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6820 Jellico Avenue — Lake Balboa — 3 Beds • 2 Baths • 1,409 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

+39 more

$999,998

38 DOM

$710/sqft3 bd2 ba1,409 sqft

Call

6820 Jellico Ave Lake Balboa, CA 91406

8,063sqft lot

Welcome to 6820 Jellico Avenue. Situated on a large lot in the highly sought-after Lake Balboa area, this property offers both comfort today and exciting possibilities for the future. The home has undergone extensive upgrades, including new electrical wiring with a 200-amp panel, a new sewer line, a new main water line, and fully updated plumbing for both supply and drainage systems. A new 3-ton HVAC system with heat pump and a tankless water heater ensure year-round comfort and improved energy efficiency. The kitchen is a true centerpiece, featuring custom wood cabinetry, quartz countertops, brand-new stainless steel smart appliances, and LED dimmable recessed lighting that creates a warm and inviting atmosphere. The living area is enhanced by a decorative wood-burning fireplace, while a Nest smart thermostat provides modern climate control. For electric vehicle owners, a 220V EV charging outlet is already installed. Adding tremendous value and future potential, the property includes paid permits for an 800 sq. ft., 2-bedroom, 2-bathroom ADU, making it shovel-ready for construction. The fully finished detached garage also presents an excellent opportunity for potential conversion into an additional dwelling. With the existing home, the approved ADU, and the potential garage conversion, the property offers the possibility to become a three-unit compound - ideal for generating rental income to help offset the mortgage or creating a comfortable multi-generational living environment. Combining modern upgrades, generous lot size, and outstanding development potential, this home represents a rare opportunity in one of Lake Balboa's most desirable neighborhoods.

MLS SR26045789

818-246-1099 (Office) 818-395-6101 (Cell) lilitberko@gmail.com

Est. payment

$6,391/mo

Principal & interestTaxesInsurance

$5,057$1,042$292

Down %

Rate %

Years

Down payment: $200,000 · Total cost: $2,020,352

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$6,391/mo

Principal & interest: $5,057
Est. property tax: $1,042
Est. insurance: $292
Down payment: $200,000

Est. gross rent$4,167/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,224/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.