15021 Sylvan, Van Nuys, California 91411, Van Nuys, 91411 - 3 bed, 1 bath
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Van Nuys, California 91411
This Value-Add Residential Asset is a High-Potential Investment Opportunity listed at $850,000. Currently holding a Condition Rating of 5, the property is mid-construction with permitted plans to deliver a 4-bedroom, 2-bathroom main residence and a detached 2-bedroom ADU. While the current $781,564 Fair Market Value reflects its unfinished state, the completed project offers substantial forced equity and a private patio. Located in the Los Angeles Unified district near the 405, this is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking high rental-yield potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15021 Sylvan Subject | $850,000* List Price | 3 | 1 | 1,083 | $722 | - |
A 6355 Peach Avenue Sold | $780,000 | 3 | 1 | 1,104 | $707 | 0.4 mi |
B 5839 Tobias Sold | $965,000 | 3 | 1 | 974 | $991 | 0.7 mi |
C 6225 Langdon Sold | $775,000 | 3 | 2 | 1,188 | $652 | 0.5 mi |
D 5801 Bevis Avenue Sold | $905,000 | 3 | 2 | 1,209 | $749 | 0.7 mi |
E 5658 Columbus Avenue Sold | $840,000 | 3 | 2 | 1,202 | $699 | 0.8 mi |
F 5715 Norwich Sold | $1,030,000 | 3 | 2 | 1,332 | $773 | 0.7 mi |
G 6331 Columbus Avenue Pending | $750,000 List Price | 3 | 1 | 1,276 | $588 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is currently in a mid-construction state and is unlivable. Interior images reveal exposed wall studs, unfinished drywall, and bare subflooring. The kitchen is non-existent, and the bathroom is stripped to the backer board with exposed plumbing. While the property has permitted additions and an ADU conversion in progress, it requires substantial rehabilitation and completion of all major systems and finishes before it can be occupied.
The property features a detached 2-bedroom, 1-bathroom ADU in progress, providing a turnkey opportunity for significant rental income or multi-generational living on a single lot.
With permitted additions already underway to expand the main home to a 4-bedroom, 2-bathroom residence, there is a clear path for investors to build immediate forced equity upon completion.
Ideally situated on the border of Sherman Oaks with direct 405 freeway access, the home offers excellent proximity to the Galleria, Valley Presbyterian Hospital, and major recreational hubs.
The property is being sold mid-construction, requiring the buyer to possess the capital, contractor oversight, and time necessary to finalize the remaining build-out.
The buyer is responsible for verifying all existing permits and ensuring the final construction meets strict City of Los Angeles codes, which may involve complex administrative hurdles.
A compelling opportunity for investors or owner-users looking to build significant equity. The main residence is a 3-bedroom, 1-bathroom home spanning 1,083 square feet, with a permitted 298 sq ft addition underway that will bring the home to 4 bedrooms and 2 bathrooms upon completion. The rear detached structure, a 360 sq ft garage conversion with a 224 sq ft addition in progress, is being built out as a 2-bedroom, 1-bathroom ADU, creating strong future rental income potential on a single lot. Buyer to complete construction and verify all permits with the City of Los Angeles. The location adds further appeal. Situated in the central San Fernando Valley with direct access to the 405 freeway, commuting throughout the region is straightforward, and Valley Presbyterian Hospital is just over a mile away. The Sepulveda Basin Recreation Area, Japanese Garden, and Lake Balboa are all within a few miles, and the neighborhood sits on the border of Sherman Oaks, offering proximity to the Galleria, Costco, and a wide range of dining and retail options.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 1,083 | 1,454 | 15% |
| Lot Size | 6,244 | 6,757 | 19% |
| Price | $850.0K | $1.02M | 26% |
| Price per sq ft | $785 | $739 | 68% |
| Built year | 1946 | 1948 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 159 | 2% |
Apr 10, 2026
$850,000
Initial Listing
Oct 26, 2023
$625,000
Public Record