
Van Nuys, California 91405
This townhome presents a High-Potential Investment Opportunity with a List Price of $489,900—positioned above the $479,083 Fair Market Value by -2%. While requiring cosmetic updates, the property features a Condition Rating of 4, offering significant upside for those willing to apply a "vision" to the 1,210 sqft layout. Amenities include a pool, spa, and private patio, providing strong rental appeal. Located near Ranchito Avenue Elementary, this is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking to build sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13567 Valerio Street C Subject | $429,950* List Price | 2 | 3 | 1,210 | $370 | - |
A 7422 Hazeltine Avenue 7 Sold | $470,000 | 2 | 3 | 1,114 | $422 | 0.6 mi |
B 7320 Lennox Avenue D11 Sold | $380,000 | 2 | 2 | 1,079 | $352 | 0.9 mi |
C 7300 Lennox J5 Active Under Contract | $350,000 List Price | 2 | 2 | 971 | $360 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, the property is nearly 50 years old and remains largely dated with 1970s-era wrought iron railings, popcorn ceilings, and older tile flooring. While the kitchen shows a past partial renovation (granite counters), the overall aesthetic and the listing's emphasis on needing 'creativity' and 'vision' indicate it requires significant cosmetic updates and likely system maintenance to meet modern standards.
Elementary School: Kester Avenue Elementary School (9/10).
Priced as a starter home, this property offers a prime opportunity for 'sweat equity,' allowing buyers to build immediate equity through cosmetic renovations and personal upgrades.
The 1,210 sqft floor plan is highly functional, featuring three bathrooms, a rare direct-access garage, and dual outdoor spaces including a private balcony and a lower-level patio.
The property is marketed in a condition that requires a 'paintbrush and vision,' meaning buyers will need to budget for immediate repairs and updates upon possession.
The $450 monthly association fee is a significant recurring expense that may impact the purchasing power and monthly affordability for first-time homebuyers.
Tucked into the gated Valerio Village community, this dramatic tri-level townhome lives large with soaring two-story ceilings, a sun-filled great room, and a fireplace at its center. A roomy 1,210 square feet more spacious than many units in the community offers two generous bedrooms, three bathrooms, and a versatile multi-level layout full of architectural character. The kitchen flows to a dining area and opens to a private patio for weekend grilling or morning coffee, with an additional balcony for even more outdoor space. An attached, direct-access garage means groceries are steps from the kitchen. Residents enjoy resort-style amenities: a sparkling spa, recreation room, and beautifully maintained garden grounds. Move in, add your finishing touches, and build instant equity in a peaceful, well-kept community all at the most accessible price point on the block. A rare opportunity at this price in the heart of the Valley.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,210 | 1,095 |
| Lot Size | 141,886 | 100,657.5 |
| Price | $429.9K | $447.9K |
| Price per sq ft | $355 | $424 |
| Built year | 1976 | 1974 |
| HOA | $450.0 | $483 |
| Days on market | 65 | 67 |
Jul 3, 2026
$429,950
$469,999
-9% Price Drop
Initial Listing
Jun 24, 2026
$469,999
$489,900
-4% Price Drop
Initial Listing
May 18, 2026
$489,900
Initial Listing
Feb 16, 2006
$315,000
Public Record