Lake Balboa is situated in the San Fernando Valley of Los Angeles. It is named after the 27-acre lake that is centered in Beilenson Park, named in honor of Anthony Belienson, a U.S. Representative from California who introduced legislature to form a number of parks in California.
The lake is enhanced in spring by very stunning Japanese cherry blossoms. There are over 2000 cherry blossom trees, donated by an unknown Japanese patron. Planted in 1992, they were produced from a single tree and were cultivated to grow in warmer climates. The park facility offers a Japanese garden, walking, jogging and biking trails, fishing, boating, and camping. The park is home for some of the wildlife in the area, including ducks and swans.
The city is conveniently located next to the Van Nuys Airport. Although today, there are no major airlines that utilize the facility, it is used by well known people and entrepreneurs because of its anonymity. The FlyAway Bus service provides transportation to the Los Angeles International Airport for people parking their vehicles at the Van Nuys Airport. The airport is also home to most of the news helicopters from L.A. and the L.A. City Fire Department has its Air Operations Unit there.
Lake Balboa is home to the headquarters of MGA Entertainment, a manufacturer of toys. Founded in 1979, its product line includes the Bratz fashion doll. MGA also owns the Little Tikes Company.
The public school system in Lake Balboa is part of the Los Angeles Unified School District. There are 12 public and 4 private schools.
The 2008 census estimated the population of Lake Balboa at around 26, 200. The average cost of a home in Lake Balboa was around $430,583 as of December 2014. The average cost per square foot is $331.