15022 Sylvan Street, Van Nuys, California 91411, Van Nuys, 91411 - 1 bed, 2 bath

15022 Sylvan Street, Van Nuys, California 91411 home-pic-0
ACTIVE$790,000$1,454/sqft
Est. Value: $827,630
4%
BelowEstimate
15022 Sylvan Street, Van Nuys, California 91411
1Bed
2Baths
1,454Sqft
8,053Lot

Price Vs. Estimate

The estimated value ($827,630) is $37,630 (4%) higher than the list price ($790,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8053, living area = 1454.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.

Compared to the nearby listings

Price:$790.0K vs avg $1.10M ($-305,250)10%
Size:1,454 sqft vs avg 1,455.5 sqft50%
Price/sqft:$543 vs avg $74513%

More Insights

Built in 1950 (76 years old).
Condition: While the main residence boasts a recently renovated, chef-caliber kitchen with high-end appliances (Sub-Zero, Miele) and a modern primary bathroom, the overall property condition is mixed. The property was built in 1950, and includes an unfinished bathroom requiring completion, and a second structure that appears less updated with features like a window AC unit and worn carpet. The 'as-is' sale condition and noted non-conforming layouts indicate that immediate renovations and updates are required, preventing a 'Good' score despite the excellent quality of some renovated areas.
Year Built
1950
Close
-
List price
$790K
Original List price
$790K
Price/Sqft
$543
HOA
-
Days on market
-
Sold On
-
MLS number
SR26003269
Home ConditionFair
Features
Patio
View-

About this home

Welcome to 15022 Sylvan Street and 6268 Norwich Avenue, a rare, side-by-side two-parcel compound in the heart of Van Nuys offering versatility, value-add potential, and multiple exit strategies for investors or end users, including multi-generational families. 15022 Sylvan Street sits on an approximately 8,053-square-foot corner lot and features a 1,454-square-foot Traditional Ranch, currently functioning as a one-bedroom, two-bathroom unit (assessor shows 2 bedrooms, 2 bathrooms). Highlights include a chef-caliber kitchen with Sub-Zero refrigeration, double ovens, a gas cooktop, a built-in espresso machine, a double dishwasher, and a butler’s pantry. The garage has been converted into a bonus room and bedroom area. The non-conforming layout presents an opportunity to reimagine and reconfigure for modern living, development, or income strategies. Property sold as-is. 6268 Norwich Avenue, the intentional complement to Sylvan, sits on an approximately 8,102-square-foot lot and offers 1,143 square feet with three bedrooms and one bathroom. Designed as an entertainment-focused retreat, it features a bar-style kitchen, lofted living area, and a converted garage used as a private movie theater. A key feature is the absence of a dividing fence, allowing both parcels to function as one expansive estate totaling over 16,000 square feet of flat land, a configuration rarely replicated in today's Van Nuys market. Ideal for multi-generational living, ADUs, SB 9 redevelopment, or long-term hold. Both properties are held in the same trust, with a preference to sell together. Sellers may entertain selling separately; however, separation would require surveys, fencing, addressing encroachments or landscaping, potential tree work, and mechanical adjustments. Any split sale must reflect a favorable price structure accounting for these added costs. Opportunities of this scale and configuration are increasingly rare, particularly given that two contiguous parcels are already functioning as a single estate. The compound offers immediate usability with long-term flexibility as zoning, density, and neighborhood demand continue to evolve. Centrally located near major corridors, employment hubs, and amenities, this property supports both lifestyle use and strategic repositioning over time. Side-by-side parcels with shared use and this level of land, privacy, and adaptability are exceptionally limited, making this offering difficult to replicate under current market conditions.

J
Justin Bonney
Listing Agent
Condition Rating
Fair

While the main residence boasts a recently renovated, chef-caliber kitchen with high-end appliances (Sub-Zero, Miele) and a modern primary bathroom, the overall property condition is mixed. The property was built in 1950, and includes an unfinished bathroom requiring completion, and a second structure that appears less updated with features like a window AC unit and worn carpet. The 'as-is' sale condition and noted non-conforming layouts indicate that immediate renovations and updates are required, preventing a 'Good' score despite the excellent quality of some renovated areas.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8053, living area = 1454.
Rare Two-Parcel Compound: This unique offering comprises two contiguous parcels totaling over 16,000 sq ft of flat land, functioning as a single expansive estate, providing unparalleled versatility and privacy in the Van Nuys market.
Significant Value-Add & Development Potential: The property presents substantial opportunities for multi-generational living, ADU additions, SB 9 redevelopment, or a strategic long-term hold, appealing to investors and end-users seeking growth.
Gourmet Kitchen in Main Residence: The 15022 Sylvan Street property boasts a chef-caliber kitchen equipped with high-end appliances including Sub-Zero refrigeration, double ovens, a built-in espresso machine, and a butler’s pantry.
Dedicated Entertainment Space: The 6268 Norwich Avenue property is designed as an entertainment retreat, featuring a bar-style kitchen, lofted living area, and a converted garage serving as a private movie theater.
Prime Central Location: Strategically situated in Van Nuys, the compound offers excellent access to major corridors, employment centers, and local amenities, enhancing its appeal for both lifestyle and investment purposes.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
Non-Conforming Layouts & Conversions: Both residences feature non-conforming layouts and converted spaces (e.g., garage conversions), which may necessitate reconfigurations, permitting updates, or compliance work.
As-Is Sale Condition: The property is being sold in 'as-is' condition, indicating that buyers should anticipate potential needs for repairs, upgrades, or code compliance without seller contribution.
Costly Parcel Separation: While a split sale is possible, it would involve considerable additional expenses for surveys, fencing, addressing encroachments, tree work, and mechanical adjustments, impacting the overall cost if separation is desired.
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