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14153 Tiara Street, Van Nuys, California 91401, Van Nuys, 91401 - 2 bed, 1 bath

14153 Tiara Street, Van Nuys, California 91401 home-pic-0
ACTIVE$908,000
14153 Tiara Street, Van Nuys, California 91401
2Beds
1Bath
949Sqft
6,652Lot
Year Built
1942
Close
-
List price
$908K
Original List price
$908K
Price/Sqft
$957
HOA
-
Days on market
-
Sold On
-
MLS number
SR25164110
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $908.0K(11th), sqft - 949(3th), beds - 2(15th), baths - 1(13th).

First time on the market in over 20 years. 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
07/23/25
$908,000
Condition Rating
Poor
Built in 1942, this property is explicitly marketed as an 'AS-IS' sale requiring 'complete renovation or redevelopment' and is a 'blank canvas' for investors. The images confirm an extremely dated and worn interior, particularly in the kitchen and bathroom. The kitchen features old white cabinets, basic tile flooring, and outdated appliances. The bathroom has a very old vanity, basic fixtures, and significant wall wear. All major systems are likely original or very old, necessitating substantial repairs and rehabilitation to meet modern standards and habitability.
Pros & Cons

Pros

High Investment 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 future appreciation and appeal.
Generous Lot Size: With a 6652 sqft lot, there is ample space for potential expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU), increasing its overall value.
Long-Term Ownership: Being on the market for the first time in over 20 years suggests a stable ownership history and presents a rare opportunity for new investment and vision.
Redevelopment Foundation: The description notes that 'Layouts provide a solid foundation for a complete renovation or redevelopment,' indicating the core structure may be sound for extensive upgrades.

Cons

As-Is Sale Condition: The property is sold 'AS-IS,' meaning the seller will not undertake any repairs or upgrades, placing the full burden and cost of necessary improvements on the buyer.
Extensive Renovation Required: Described as a 'blank canvas' needing 'complete renovation or redevelopment,' the property requires significant immediate capital investment and labor to modernize and realize its potential.
Advanced Age of Property: Built in 1942, the property is over 80 years old, likely indicating outdated systems (electrical, plumbing, HVAC) and potential for costly repairs or upgrades to meet current standards.

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