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15031 15033 Hartland Street, Van Nuys, California 91405, Van Nuys, 91405 - 5 bed, 4 bath

15031 15033 Hartland Street, Van Nuys, California 91405 home-pic-0
ACTIVE$1,295,000
15031 15033 Hartland Street, Van Nuys, California 91405
5Beds
4Baths
2,273Sqft
6,722Lot

Price Vs. Estimate

The estimated value ($1,244,795.83) is $50,204.17 (3%) lower than the list price ($1,295,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Top Cons:
Age and Condition Disparity: The front unit, built in 1949, is significantly older and less updated than the 2020 ADU, lacking modern amenities like central AC and tankless water heaters, which may require future investment.

Compared to the nearby listings

Price:$1.29M vs avg $880.0K (+$415,000)92%
Size:2,273 sqft vs avg 1,643 sqft91%
Price/sqft:$570 vs avg $54357%

More Insights

Built in 1949 (76 years old).
Condition: This property features a significant disparity in condition between its two units. The newer ADU, built in 2020, is in excellent condition, boasting a modern open floor plan, sleek white shaker cabinets, quartz countertops, stainless steel appliances, laminate flooring, updated bathrooms with modern finishes, central heating/air, and tankless water heaters. This unit alone would score 'Excellent'. However, the front home, built in 1949, while appearing well-maintained with hardwood floors and a somewhat updated bathroom (granite vanity, tiled shower), is older in style and likely has older systems (no central AC mentioned). It would likely fall into the 'Fair' category on its own. Given that the ADU is larger and significantly newer, pulling the overall quality up, and both units are move-in ready, the property's overall condition is best described as 'Good'. It's not 'Excellent' due to the older front unit, but far surpasses 'Fair' thanks to the extensive new construction and modern features of the ADU.
Year Built
1949
Close
-
List price
$1.29M
Original List price
$1.4M
Price/Sqft
$570
HOA
-
Days on market
-
Sold On
-
MLS number
25557139
Home ConditionGood
Features
Patio
View-

About this home

Priced to Sell!!! This charming two-on-a-lot income property is an ideal opportunity for both multi-generational living and generating rental income. The front home features two bedrooms, one bathroom, and approximately 891 square feet of cozy living space. A charming fireplace creates a warm ambiance in the living area, which also includes a dedicated dining space and a separate kitchen. The attached two-car garage provides convenience and potential for additional use.The newer ADU, built in 2020, offers even more appeal with three bedrooms and two and a half bathrooms spread across 1,382 square feet. The spacious master suite, located on the first floor for easy accessibility, is a highlight. The modern open floor plan seamlessly connects the family room, kitchen, and dining areas. The kitchen boasts sleek white soft-close shaker cabinets, quartz countertops, and stainless steel appliances. Laminate flooring flows throughout, while the updated bathrooms feature quartz-topped vanities, tiled showers, and modern finishes.Additional features include central heating and air, indoor laundry hookups, and energy-efficient tankless water heaters. Together, the two units provide a total of five bedrooms, four bathrooms, and around 2,273 square feet of living space. Each unit has its own separate gas and electric meter, with a shared water meter. The property offers ample parking, including space for up to four additional vehicles beyond the two-car garage. The front unit is currently rented on a month-to-month basis, making this an excellent opportunity to move in and rent out the second unit for steady income, or lease both for optimal rental returns. Convenient alley access to the rear unit with a remote-controlled gate offers added privacy and ease. Don't miss out on this prime investment opportunity in today's thriving market! Walking distance to Valley Presbyterian Hospital, Shopping & Restaurants and more.

Nearby schools

2/10
Columbus Avenue School
Public,•K-5•0.3mi
4/10
Valerio Street Elementary School
Public,•K-5•0.6mi
4/10
Sylvan Park Elementary School
Public,•K-5•0.8mi
4/10
Bassett Street Elementary School
Public,•K-5•0.9mi
3/10
Bassett Street Elementary School
Public,•PK-5•0.9mi
3/10
Van Nuys Elementary School
Public,•K-5•1.0mi
3/10
Andres And Maria Cardenas Elementary School
Public,•K-5•1.1mi
1/10
Andres And Maria Cardenas Elementary School
Public,•K-5•1.1mi
5/10
Hazeltine Avenue Elementary School
Public,•K-5•1.2mi
4/10
Cohasset Street Elementary School
Public,•K-5•1.3mi
3/10
Cohasset Street Elementary School
Public,•K-5•1.3mi
3/10
Michelle Obama Elementary
Public,•K-5•1.7mi
4/10
Kittridge Street Elementary School
Public,•K-5•1.8mi
5/10
Noble Avenue Elementary School
Public,•K-5•1.8mi
9/10
Kester Avenue Elementary School
Public,•K-5•1.9mi
4/10
Burton Street Elementary School
Public,•K-5•1.9mi
5/10
Ranchito Avenue Elementary School
Public,•K-5•2.0mi
6/10
Erwin Elementary School
Public,•K-5•2.2mi
3/10
Gault Street Elementary School
Public,•K-5•2.4mi
3/10
Langdon Avenue Elementary School
Public,•K-5•2.5mi
3/10
Gault Street Elementary School
Public,•K-5•2.5mi
7/10
Stagg Street Elementary School
Public,•K-5•2.8mi
4/10
Parthenia Street Elementary School
Public,•K-5•3.1mi
3/10
Vista Middle School
Public,•6-8•1.8mi
2/10
Van Nuys Middle School
Public,•6-8•1.9mi
5/10
William Mulholland Middle School
Public,•6-8•2.5mi
5/10
James Madison Middle School
Public,•6-8•2.6mi
3/10
William Mulholland Middle School
Public,•6-8•2.6mi
7/10
Oliver Wendell Holmes Middle School
Public,•6-8•4.0mi
3/10
Northridge Middle School
Public,•6-8•4.2mi
6/10
Van Nuys Senior High School
Public,•9-12•0.5mi
3/10
Robert Fulton College Preparatory School
Public,•6-12•0.8mi
2/10
Panorama High School
Public,•9-12•1.6mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.8mi
3/10
James Monroe High School
Public,•9-12•3.1mi
6/10
John H. Francis Polytechnic
Public,•9-12•3.7mi
7/10
Northridge Academy High
Public,•9-12•4.9mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.0mi
5/10
Valley Academy Of Arts And Sciences
Public,•9-12•5.1mi
Condition Rating
Good
This property features a significant disparity in condition between its two units. The newer ADU, built in 2020, is in excellent condition, boasting a modern open floor plan, sleek white shaker cabinets, quartz countertops, stainless steel appliances, laminate flooring, updated bathrooms with modern finishes, central heating/air, and tankless water heaters. This unit alone would score 'Excellent'. However, the front home, built in 1949, while appearing well-maintained with hardwood floors and a somewhat updated bathroom (granite vanity, tiled shower), is older in style and likely has older systems (no central AC mentioned). It would likely fall into the 'Fair' category on its own. Given that the ADU is larger and significantly newer, pulling the overall quality up, and both units are move-in ready, the property's overall condition is best described as 'Good'. It's not 'Excellent' due to the older front unit, but far surpasses 'Fair' thanks to the extensive new construction and modern features of the ADU.
Pros & Cons

Pros

Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Dual Income/Multi-Generational Potential: This two-on-a-lot property is ideal for multi-generational living or generating significant rental income, with the front unit already rented month-to-month, offering immediate cash flow potential.
Modern, Well-Equipped ADU: The newer ADU, built in 2020, features 3 beds/2.5 baths, 1,382 sqft, a modern open floor plan, updated kitchen with quartz countertops and stainless steel appliances, central heating and air, and energy-efficient tankless water heaters.
Separate Utility Metering: Each unit benefits from its own separate gas and electric meters, simplifying tenant billing and management for investors.
Ample Parking & Private ADU Access: The property offers substantial parking with an attached two-car garage and space for four additional vehicles, plus the ADU enjoys private alley access via a remote-controlled gate.
Walkable Location: Conveniently located within walking distance to Valley Presbyterian Hospital, various shopping centers, and restaurants, enhancing desirability for residents.

Cons

Age and Condition Disparity: The front unit, built in 1949, is significantly older and less updated than the 2020 ADU, lacking modern amenities like central AC and tankless water heaters, which may require future investment.
Shared Water Meter: Despite separate gas and electric meters, the shared water meter can lead to billing complexities and potential disputes between residents.
Smaller, Less Modern Front Unit: The front unit's smaller size (891 sqft) and older features may limit its rental appeal or value compared to the modern ADU, potentially impacting overall rental yield or marketability.

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