
Los Angeles, California 91401
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well below the $889,859 Fair Market Value (Note: Market parity). Featuring a Fair Condition Rating, this 1,522 sq. ft. residence on an expansive 8,528 sq. ft. lot offers significant ADU Development Potential. The large lot size provides a foundation for forced appreciation through structural expansion. This asset is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to maximize rental income or resale value in a desirable Van Nuys neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14137 Hamlin Street Subject | $899,000* List Price | 2 | 2 | 1,522 | $585 | - |
A 14248 Friar St Sold | $700,000 | 3 | 1 | 1,285 | $545 | 0.3 mi |
B 14122 Friar Sold | $825,000 | 3 | 2 | 1,335 | $618 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948 and marketed specifically as an 'investor opportunity' and 'project' to be sold AS-IS. The age exceeds 70 years with no evidence of recent major renovations to kitchens, baths, or systems, indicating a need for a full rehab to realize its upside potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8528, living area = 1522.
The property sits on a generous 8,528 sq. ft. lot with the explicit potential to build two ADUs, offering a significant opportunity for rental income or increased resale value.
Marketed as a prime investor project in a desirable Van Nuys neighborhood, the property provides a strong foundation for a high-return renovation or 'fix-and-flip' strategy.
The property is being sold in as-is condition, implying that substantial capital investment will be required to address deferred maintenance or outdated systems.
Built in 1948 with only 2 bedrooms, the current layout may be less appealing to modern families, necessitating structural changes to maximize the home's 1,522 sq. ft. potential.
I want to share an excellent investor opportunity located in a desirable Van Nuys neighborhood. This property is a fantastic option for an investor seeking a project with strong upside potential. The home features 2 bedrooms and 2 bathrooms, offering 1,436 sq. ft. of living space on an 8,500+ sq. ft. lot. The property is being sold AS-IS and offers plenty of possibilities to truly make it your own, including the potential to build 2 ADU. Please let me know if you would like more details or if you are interested in scheduling a viewing
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,522 | 1,664.159 |
| Lot Size | 8,528 | 6,066.556 |
| Price | $899.0K | $1.35M |
| Price per sq ft | $591 | $806 |
| Built year | 1948 | 1939 |
| HOA | $0 | $278 |
| Days on market | 37 | 55 |
Aug 3, 2026
$899,000
Initial Listing
Aug 19, 2008
$336,000
Public Record
Jun 13, 2006
$605,000
Public Record
Feb 24, 2004
$385,000
Public Record