14136 Tiara Street, Van Nuys, California 91401, Van Nuys, 91401 - 3 bed, 2 bath
14136 Tiara Street
Van Nuys, California 91401
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14136 Tiara Street Subject | $1,200,000* List Price | 3 | 2 | 1,408 | $852 | - |
A 5934 Murietta Avenue Sold | $1,110,000 | 3 | 2 | 1,097 | $1,012 | 0.2 mi |
B 14122 Friar Active Under Contract | $845,000 List Price | 3 | 2 | 1,335 | $633 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property is marketed exclusively as a development opportunity with Ready-to-Issue (RTI) plans for three new townhomes. The existing structure, built in 1944, is considered obsolete and is intended for demolition to make way for the new project.
PROSSTRENGTHS & OPPORTUNITIES
- Development Ready
The property is sold with Ready-to-Issue (RTI) plans for three modern luxury townhomes, allowing a builder to bypass the lengthy and costly entitlement process.
- Subdivided Lot
The land is already fully subdivided into three separate APNs, which simplifies the financing process and facilitates individual unit sales upon completion.
- Significant Investment Upside
With a recent price reduction to $1.2M and a projected future value of over $1.2M per unit, the project offers a high potential return on investment for developers.
CONSRISKS & DEFICIENCIES
- Construction Capital Intensive
As a development play, this requires significant liquid capital and construction expertise beyond the acquisition cost to realize the projected value.
- Existing Structure Obsolescence
The original 1944 structure likely serves as a tear-down, meaning the buyer must factor in demolition costs and the loss of any immediate rental utility from the current house.
- Market Timing Risk
The projected exit price of $1.2M+ per unit is subject to market fluctuations during the construction period, which could impact final profit margins.
About 14136 Tiara Street
INCREDIBLE DEVELOPMENT OPPORTUNITY IN PRIME SHERMAN OAKS! Property is will be sold with READY-TO-ISSUE (RTI) PLANS for THREE MODERN LUXURY TOWNHOMES a total of 9 bedrooms and 9 bathrooms. The lot is FULLY SUBDIVIDED in three APNs. There's an opportunity to ADD an ADU for additional income potential. Start building right away PERMITS ARE almost READY TO PULL. Each townhome is thoughtfully designed with CONTEMPORARY ARCHITECTURE, OPEN FLOOR PLANS, and PREMIUM FINISHES. Projected future value is $1,200,000+ PER UNIT, making this an ideal opportunity for BUILDERS, DEVELOPERS, or INVESTORS looking to live in one unit and sell or rent the others. Located in a HIGHLY DESIRABLE NEIGHBORHOOD close to top schools, shopping, dining, and easy freeway access.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1944
- Lot Size
- 6,755 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,408 | 1,802.5 | 20% |
| Lot Size | 6,755 | 6,836 | 47% |
| Price | $1.20M | $1.30M | 39% |
| Price per sq ft | $852 | $730 | 79% |
| Built year | 1944 | 1951 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 203 | 172 | 60% |
Pricing History
Listed for Sale
Dec 11, 2025
$1,200,000
$1,489,999
-19% Price Drop
Initial Listing
Price Change
Sep 17, 2025
$1,489,999
$1,599,999
-7% Price Drop
Initial Listing
Price Change
Aug 15, 2025
$1,599,999
Initial Listing