14333 Tiara Street, Van Nuys, California 91401, Van Nuys, 91401 - 3 bed, 2 bath
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Van Nuys, California 91401
This High-Potential Investment Opportunity is listed at a List Price of $1,175,000, positioned above the $1,092,026 Fair Market Value. Despite the premium, the property features a Condition Rating of 2 following a comprehensive 2021 renovation, including a Granite Kitchen and modern systems. The RD2 Zoning is the primary value driver, permitting up to three units plus ADU/JADU expansion. This asset provides immediate rental income while offering significant long-term development upside. It is an ideal acquisition for Buy-and-Hold Investors or Developers seeking a turnkey, income-generating project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14333 Tiara Street Subject | $1,145,000* List Price | 3 | 2 | 1,415 | $778 | - |
A 14043 Calvert Street Sold | $900,000 | 3 | 3 | 1,371 | $656 | 0.4 mi |
B 14412 Collins Sold | $1,050,000 | 4 | 2 | 1,473 | $713 | 0.4 mi |
C 14362 Collins St Sold | $1,345,000 | 3 | 2 | 1,561 | $862 | 0.4 mi |
D 6350 Costello Avenue Sold | $940,000 | 3 | 2 | 1,372 | $685 | 0.7 mi |
E 14354 Hatteras Street Active | $1,095,000 List Price | 3 | 2 | 1,450 | $755 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive renovation in 2021 (less than 5 years ago), featuring a modern chef's kitchen with premium LG appliances, updated bathrooms, and new critical systems including HVAC, roof, and windows.
The RD2 zoning permits the construction of up to three full-size units plus additional ADU/JADU opportunities, offering massive upside for investors or developers looking to maximize the lot's utility.
A total 2021 overhaul including a new roof, A/C, windows, and high-end LG appliances ensures the property is move-in ready with minimal immediate capital expenditure required.
The chef-inspired kitchen features granite countertops, a center island, and a dedicated beverage station with wine and beer fridges, providing a level of luxury typically found in higher-priced markets.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1415, other record living area = 1307.
Listed at $1.175M for approximately 1,415 square feet, the property commands a significant premium that may challenge appraisal values for traditional residential buyers compared to local comps.
Despite the extensive cosmetic and system updates, the 1940s foundation and original framing may still present inherent limitations in floor plan flow or vintage structural characteristics compared to modern builds.
3 Bed | 2 Bath | Approx. 1,415 SF | Lot ~6,965 SF (RD2 Zoning) Beautifully Renovated Home with Exceptional Development Potential. Fully renovated in 2021, this stunning 3-bedroom, 2-bath residence blends modern living with serious upside potential for future development or income generation. The property offers both immediate comfort and long-term value in one of Sherman Oaks' most convenient areas. Features & Upgrades: Comprehensive 2021 renovation with new bathrooms, new kitchen, new windows, new roof, new interior & exterior doors, new A/C system, new interior & exterior paint, and selective new flooring. Chef-inspired kitchen with granite countertops, subway-tile backsplash, center island, and dedicated beverage station including beer fridge + wine fridge. Over $35,000 in premium LG appliances, under-cabinet lighting, and recessed lighting throughout kitchen, family room, and primary bedroom. Primary bedroom includes wall-to-wall built-in closets and French doors leading to the backyard. Dedicated laundry room with new stackable washer & dryer. Spacious backyard offers ample room for entertaining or expansion. Quiet neighborhood setting close to major freeways, shopping, and dining. ***Investment & Development Highlights: RD2 Zoning permits the construction of up to 3 full-size units, and the lot configuration supports additional ADUs and JADUs for even greater rental potential. The existing home provides immediate rental income while entitlements or permits are pursued.*** Disclaimer: Buyer to independently verify all information, including but not limited to square footage, lot size, zoning, and development potential with the City of Los Angeles and appropriate professionals.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,415 | 1,822 | 24% |
| Lot Size | 6,965 | 6,800 | 54% |
| Price | $1.15M | $1.30M | 33% |
| Price per sq ft | $809 | $728 | 76% |
| Built year | 1940 | 1951 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 117 | 3% |
Jun 11, 2026
$1,145,000
$1,160,000
-1% Price Drop
Initial Listing
Jun 4, 2026
$1,160,000
$1,175,000
-1% Price Drop
Initial Listing
May 19, 2026
$1,175,000
Initial Listing
Jan 12, 2018
$650,000
Public Record