Lake Balboa is a district in the San Fernando Valley region of the city of Los Angeles, California.
There was debate about the official recognition of Lake Balboa as a community by the city of Los Angeles. In January 2006, that the city of Los Angeles adopted a formal community naming process (City of Los Angeles Council File Number 02-0196). This debate had important implications for the official existence of many other Los Angeles communities that were created prior to January 2006. These communities include Arleta, North Hills, Porter Ranch, Valley Glen, Valley Village, West Hills, Winnetka, and many others.
The 2000 U.S. census counted 24,328 residents in the 3.13-square-mile Lake Balboa neighborhood—or 7,754 people per square mile, about an average population density for the city. In 2008, the city estimated that the population had increased to 26,195. In 2000 the median age for residents was 35, considered average for city and county neighborhoods, but the percentage of residents aged 35 to 49 was among the county’s highest.
The neighborhood was considered “highly diverse” ethnically within Los Angeles. The breakdown was whites, 49%; Latinos, 34.1%; Asians, 8.8%; blacks, 3.5%; and others, 4.6%. Mexico (26%) and El Salvador (14.8%) were the most common places of birth for the 31.8% of the residents who were born abroad—a high percentage for Los Angeles.
The median yearly household income in 2008 dollars was $65,336, considered average for the city and county. Renters occupied 34.1% of the housing stock and house- or apartment-owners held 65.9%. The percentages of households that earned $40,000 to $125,000 a year were high for the county.
On November 2, 2007, the City Council of Los Angeles approved a motion renaming a larger portion of Van Nuys to Lake Balboa. The new boundaries are as follows:
- I-405 / US-101 intersection, north to Saticoy Street,
- Saticoy Street west to Valjean Avenue,
- Valjean Avenue south to Vanowen Street,
- Vanowen Street west to Hayvenhurst Avenue,
- Hayvenhurst Avenue north to Saticoy Street,
- Saticoy Street west to Balboa Boulevard,
- Balboa Boulevard north to Balboa Place and then north to Roscoe Boulevard,
- Roscoe Boulevard west to Louise Avenue (south side of Roscoe Boulevard from Balboa Boulevard to Louise Avenue will remain in Northridge with the 91325 ZIP code),
- Louise Avenue south to Saticoy Street (east side of Louise Avenue from Roscoe Boulevard to Stagg Street will remain Northridge with the 91325 ZIP code),
- Saticoy Street west to White Oak Avenue,
- White Oak Avenue south to Victory Boulevard,
- Victory Boulevard east to Balboa Boulevard,
- Balboa Boulevard south to the Los Angeles River,
- The Los Angeles River southeasterly to where US-101 and I-405 meet.
These new boundaries were the compromise plan worked out with Los Angeles City Council members Greig Smith (CD12) and Tony Cardenas (CD6) that kept Van Nuys Airport and the predominantly industrial area north of Saticoy Street east of the airport in Van Nuys.