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Lake Balboa Home For Sale. Discover a unique opportunity with this rare industrial-zoned property situated in the heart of the Van Nuys Airport area. Spanning a 7,399 square foot parcel, this property features an existing residential structure. Positioned just one mile from the 405 Freeway onramp, this property offers exceptional access for logistics and commuting. It’s minutes away from key local amenities, including the Van Nuys Flyaway, FedEx, and UPS distribution centers, ensuring seamless connectivity and convenience for your business operations. The existing structure on the parcel provides immediate usability, with utilities already in place. With it’s industrial zoning (buyer to verify), this property is perfect for a variety of business uses, from manufacturing and distribution to research and development.