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14541 Hart Street, Van Nuys, California 91405, Van Nuys, 91405 - 3 bed, 2 bath

14541 Hart Street, Van Nuys, California 91405 home-pic-0
ACTIVE$925,000
14541 Hart Street, Van Nuys, California 91405
3Beds
2Baths
1,600Sqft
6,727Lot

Price Vs. Estimate

The estimated value ($863,368.61) is $61,631.39 (6%) lower than the list price ($925,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development Potential (LAR3 Zoning): The property boasts LAR3 zoning, offering significant potential to build additional units, making it an exceptional investment opportunity for future expansion.
Top Cons:
Listed Above Estimated Market Value: The current listing price is approximately 13% higher than the estimated market value, which may require a price adjustment to attract buyers.

Compared to the nearby listings

Price:$925.0K vs avg $880.0K (+$45,000)55%
Size:1,600 sqft vs avg 1,623 sqft45%
Price/sqft:$578 vs avg $54360%

More Insights

Built in 1938 (87 years old).
Condition: The property, built in 1938, shows its age despite some updates. The kitchens feature dated honey oak cabinets and older white appliances, though granite countertops are present. The bathrooms, particularly the one shown, are basic and dated. Flooring appears to be worn laminate. While the front unit has central AC, the back unit relies on less efficient window AC units. The overall condition suggests that while functional, the property requires minor updates and cosmetic repairs to meet contemporary standards, aligning with a renovation timeline of 15-30 years ago for its most recent significant updates.
Year Built
1938
Close
-
List price
$925K
Original List price
$925K
Price/Sqft
$578
HOA
-
Days on market
-
Sold On
-
MLS number
25602235
Home ConditionFair
Features
Patio
View-

About this home

Exceptional Investment Opportunity with LAR3 zoning! This fabulous detached multi-residential duplex is truly an investor's dream, offering the exciting potential to build more units (buyer to verify). The front unit -14541 Hart - is thoughtfully set back from the street and comes with the convenience of four front parking spaces. This unit features 2 bedrooms and 2 baths, and has some updates including central AC. The kitchen has granite counters and ample cabinetry. The detached back unit - 14539 Hart - offers 1 bedroom and 1 bath, complete with window AC units for those warm summer days. Two rear parking spaces are included for added convenience. Nestled between these units is a 120 square foot storage shed, providing extra space for your storage needs. Moreover, the property features a detached garage with ready, approved, and paid plans for conversion, offering the potential to be transformed into an additional unit, which could bring in extra income. A large yard space behind the garage unit enhances the property's outdoor appeal. This amazing investment could be a valuable addition to your real estate portfolio, or serve as a home with additional income to offset the mortgage payment. The location is prime, providing easy access to shopping, public transportation, local freeways, and more! Whether you are looking to offset your mortgage or build a multi-unit property, this can be your perfect opportunity!

Nearby schools

3/10
Andres And Maria Cardenas Elementary School
Public,•K-5•0.5mi
1/10
Andres And Maria Cardenas Elementary School
Public,•K-5•0.5mi
5/10
Hazeltine Avenue Elementary School
Public,•K-5•0.6mi
3/10
Van Nuys Elementary School
Public,•K-5•0.7mi
4/10
Valerio Street Elementary School
Public,•K-5•0.8mi
2/10
Columbus Avenue School
Public,•K-5•0.9mi
4/10
Sylvan Park Elementary School
Public,•K-5•1.2mi
4/10
Kittridge Street Elementary School
Public,•K-5•1.3mi
4/10
Bassett Street Elementary School
Public,•K-5•1.5mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•1.5mi
3/10
Michelle Obama Elementary
Public,•K-5•1.5mi
3/10
Bassett Street Elementary School
Public,•PK-5•1.5mi
4/10
Burton Street Elementary School
Public,•K-5•1.5mi
4/10
Cohasset Street Elementary School
Public,•K-5•1.7mi
3/10
Cohasset Street Elementary School
Public,•K-5•1.7mi
5/10
Noble Avenue Elementary School
Public,•K-5•1.8mi
6/10
Erwin Elementary School
Public,•K-5•1.8mi
9/10
Kester Avenue Elementary School
Public,•K-5•2.1mi
3/10
Langdon Avenue Elementary School
Public,•K-5•2.5mi
3/10
Gault Street Elementary School
Public,•K-5•3.0mi
3/10
Gault Street Elementary School
Public,•K-5•3.1mi
7/10
Stagg Street Elementary School
Public,•K-5•3.3mi
4/10
Parthenia Street Elementary School
Public,•K-5•3.4mi
3/10
Vista Middle School
Public,•6-8•1.7mi
5/10
James Madison Middle School
Public,•6-8•2.0mi
2/10
Van Nuys Middle School
Public,•6-8•2.0mi
5/10
William Mulholland Middle School
Public,•6-8•3.1mi
3/10
William Mulholland Middle School
Public,•6-8•3.2mi
7/10
Oliver Wendell Holmes Middle School
Public,•6-8•4.3mi
3/10
Northridge Middle School
Public,•6-8•4.6mi
6/10
Van Nuys Senior High School
Public,•9-12•0.7mi
3/10
Robert Fulton College Preparatory School
Public,•6-12•0.7mi
2/10
Panorama High School
Public,•9-12•1.3mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.4mi
6/10
John H. Francis Polytechnic
Public,•9-12•3.1mi
3/10
James Monroe High School
Public,•9-12•3.1mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.2mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.3mi
7/10
Northridge Academy High
Public,•9-12•5.3mi
Condition Rating
Fair
The property, built in 1938, shows its age despite some updates. The kitchens feature dated honey oak cabinets and older white appliances, though granite countertops are present. The bathrooms, particularly the one shown, are basic and dated. Flooring appears to be worn laminate. While the front unit has central AC, the back unit relies on less efficient window AC units. The overall condition suggests that while functional, the property requires minor updates and cosmetic repairs to meet contemporary standards, aligning with a renovation timeline of 15-30 years ago for its most recent significant updates.
Pros & Cons

Pros

Development Potential (LAR3 Zoning): The property boasts LAR3 zoning, offering significant potential to build additional units, making it an exceptional investment opportunity for future expansion.
Approved ADU Conversion Plans: Ready, approved, and paid plans for converting the detached garage into an additional unit provide a clear and immediate path to increasing rental income and property value.
Multi-Unit Income Property: As a detached multi-residential duplex, the property offers immediate income generation, allowing for mortgage offset or a valuable addition to an investment portfolio.
Ample Parking & Storage: The property provides generous parking with four front spaces and two rear spaces, plus a 120 sq ft storage shed, enhancing convenience for residents.
Prime Location & Accessibility: Situated in a prime location, the property offers easy access to shopping, public transportation, and local freeways, appealing to a broad tenant base.

Cons

Listed Above Estimated Market Value: The current listing price is approximately 13% higher than the estimated market value, which may require a price adjustment to attract buyers.
Inconsistent Cooling Systems: While the front unit has central AC, the back unit relies on less efficient window AC units, potentially impacting tenant comfort and energy costs.
Age of Property: Built in 1938, the property's age, despite some updates, may imply potential for higher maintenance costs or the need for future system upgrades not explicitly detailed.

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