14153 Tiara Street, Los Angeles, California 91401, Van Nuys, 91401 - 2 bed, 1 bath
ACTIVE$880,000
14153 Tiara Street, Los Angeles, California 91401
2Beds
1Bath
949Sqft
6,652Lot
Price Vs. Estimate
The estimated value mostly matches the list price at $880,000.
Key pros and cons
Top Pros:
High Investment/Value-Add Potential: The property is explicitly marketed as an 'Amazing Investment Opportunity' and a 'value-add opportunity with strong return potential,' ideal for experienced contractors and investors.
Top Cons:
As-Is Sale Condition: The property is sold 'AS-IS,' meaning the buyer assumes all responsibility for necessary repairs, upgrades, and potential hidden issues, requiring substantial additional investment.
Compared to the nearby listings
Price:$880.0K vs avg $1.30M ($-420,000)6%
Size:949 sqft vs avg 1,947 sqft3%
Price/sqft:$927 vs avg $70090%
More Insights
Built in 1942 (83 years old).
Condition: Built in 1942, this property is explicitly marketed as an 'AS-IS' sale requiring 'complete renovation or redevelopment,' targeting experienced contractors and investors. The images confirm an extremely outdated and worn interior: the kitchen features old white cabinets, tile countertops, a basic range hood, and dated floor tiles. The bathroom has a very old, stained tub/shower unit with outdated fixtures and a wooden toilet seat. Carpets are worn and stained, and only window AC units are visible, indicating a lack of modern HVAC. While the description mentions a 'solid foundation,' the overall condition of the finishes and systems necessitates substantial repairs and rehabilitation, making it very uncomfortable to live in its current state.
Year Built
1942
Close
-
List price
$880K
Original List price
$899K
Price/Sqft
$927
HOA
-
Days on market
-
Sold On
-
MLS number
SR25259817
Home ConditionPoor
Features
Patio
View-
About this home
Amazing Investment Opportunity Sitting in the border of Sherman Oaks and Van Nuys, CA! Buyers are advised to verify all information, including city, county, zoning, tax, and other records, to their satisfaction. AS-IS sale. This property has tremendous potential and is ideal for experienced contractors and investors seeking a value-add opportunity with strong return potential. A true diamond in the rough, it offers endless possibilities. Layouts provide a solid foundation for a complete renovation or redevelopment. Embrace the potential and let your creativity shine. This one won’t last. Whether you're looking to flip, rebuild, or craft your dream home, this property is a blank canvas waiting for your vision!
Price History
Date
Event
Price
03/01/99
Sold
$118,000
02/07/97
Sold
$135,000
Condition Rating
Poor
Built in 1942, this property is explicitly marketed as an 'AS-IS' sale requiring 'complete renovation or redevelopment,' targeting experienced contractors and investors. The images confirm an extremely outdated and worn interior: the kitchen features old white cabinets, tile countertops, a basic range hood, and dated floor tiles. The bathroom has a very old, stained tub/shower unit with outdated fixtures and a wooden toilet seat. Carpets are worn and stained, and only window AC units are visible, indicating a lack of modern HVAC. While the description mentions a 'solid foundation,' the overall condition of the finishes and systems necessitates substantial repairs and rehabilitation, making it very uncomfortable to live in its current state.
Pros & Cons
Pros
High Investment/Value-Add Potential: The property is explicitly marketed as an 'Amazing Investment Opportunity' and a 'value-add opportunity with strong return potential,' ideal for experienced contractors and investors.
Strategic Location: Situated on the border of Sherman Oaks and Van Nuys, the property benefits from proximity to a more desirable area, potentially enhancing its future value.
Generous Lot Size: A 6,652 sqft lot provides ample space for potential expansion, extensive landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Renovation/Redevelopment Flexibility: Described as a 'blank canvas' with a 'solid foundation for a complete renovation or redevelopment,' offering significant creative freedom for customization or a full rebuild.
Recent Price Adjustment: The recent price reduction from $899,000 to $880,000 may indicate a more competitive offering and a motivated seller, potentially attracting savvy buyers.
Cons
As-Is Sale Condition: The property is sold 'AS-IS,' meaning the buyer assumes all responsibility for necessary repairs, upgrades, and potential hidden issues, requiring substantial additional investment.
Extensive Renovation Required: The description clearly states the need for a 'complete renovation or redevelopment,' indicating the property is not move-in ready and demands significant time, effort, and capital.
Advanced Age and Outdated Systems: Built in 1942, the home is likely to have outdated infrastructure such as plumbing, electrical, and HVAC systems, necessitating costly modernizations and potential remediation of age-related issues.