
Van Nuys, California 91405
This Dual-Unit Residential Compound is a Strong Value Opportunity, listed at $1,049,000—positioned well below the $1,144,705 Fair Market Value by 8%. This valuation gap offers $95,705 in Instant Equity. Featuring a 2020-built contemporary home and a classic California Ranch, the property maintains a Condition Rating of 2. With separate meters and high rental demand, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, turn-key asset with significant income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15031 Hartland Street Subject | $1,049,000* List Price | 5 | 4 | 2,273 | $504 | - |
A 6636 Tobias Avenue Sold | $972,000 | 4 | 2 | 1,638 | $593 | 0.6 mi |
B 6847 Katherine Sold | $1,250,000 | 3 | 2 | 2,183 | $573 | 1.0 mi |
C 14658 Cohasset Sold | $955,000 | 4 | 2 | 1,639 | $583 | 0.9 mi |
D 6853 Willis Active | $1,349,000 List Price | 5 | 4 | 2,380 | $567 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a turn-key compound featuring a primary contemporary residence built from the ground up in 2020. It features all-new systems including HVAC, roof, windows, and a tankless water heater. The interior is in mint condition with a chef's kitchen, quartz countertops, and modern tiled bathrooms, meeting the criteria for a property less than 10 years old with no maintenance required.
Elementary School: Kester Avenue Elementary School (9/10).
The property features two completely independent residences with separate gas and electric meters, providing exceptional flexibility for multi-generational living or high-yield rental income.
Anchored by a 2020-built contemporary home, the compound offers modern amenities including new HVAC, quartz countertops, and energy-efficient systems, minimizing immediate capital expenditures.
While the area offers proximity to various institutions, several assigned public schools carry lower performance ratings, which may be a drawback for education-focused families.
Accommodating two full residences and a two-car garage on a 6,722-square-foot lot results in divided and relatively limited private outdoor yard space for each unit.
Nestled along a serene, tree-lined street within one of Van Nuys / Sherman Oaks's most established residential corridors, this rare turn key move-in-ready compound is anchored by a stunning 1,382-square-foot contemporary home built in 2020, thoughtfully designed to welcome any buyer. Welcome to 15033 Hartland, built from the ground up with new slab, new roof, new windows, new HVAC, new kitchen cabinetry, and three (3) newer bedrooms and three (3) newer bathrooms. The two-story residence offers open-concept living, dining, kitchen with tall ceilings and abundant natural light. The chef's kitchen is finished with white soft-close shaker cabinets, quartz countertops, and stainless steel appliances. Wide-plank laminate flooring runs throughout, bathrooms feature quartz vanities and tiled showers, central heat and air, in-unit stackable washer and dryer, and a tankless water heater complete the residence. A generous wraparound balcony extends the upstairs living space outward, offering a rare private outdoor retreat with treetop views. Alley access is secured by a remote-controlled gate. The original residence reflects the post-war California Traditional Ranch typology that defined Hartland Street's earliest generation. Welcome to 15031 Hartland, offering approximately 900 square feet of living with two bedrooms, one bathroom, and an attached two-car garage. A spacious living room with charming gas fireplace opens to a dedicated dining area and separate kitchen, preserving the gracious flow that distinguished Valley single-story architecture of the era. Together offering 2,273 square feet of living space, both homes form something rare in Los Angeles. Each stands fully independent, with its own dedicated entrance, separate gas and electric meters, private yard, and ample parking, affording maximum comfort, complete privacy, and effortless versatility. Independently valued, the contemporary home commands approximately $1,000,000 and the front residence approximately $825,000 in today's market offered together at $1,049,000. Current market rents on the same block support approximately $3,250 for the front residence and $4,200 for the contemporary home, a combined $7,450 monthly, delivering a compelling return under nearly any configuration. Centrally located and favored by multi-generational families and entertainment-industry professionals drawn to village-style neighborhoods within the larger city. With a Walk Score of 71, residents are minutes from Jons Market, Starbucks, CVS, Chase, and local boutiques without crossing a major street. Victory Caff is a brief stroll away. Mariscos Corona, Dan's Kitchen, Kinnara, Mr. Pizza, and Bocha for craft ice cream are all within walking distance. Lake Balboa Park offers a lakeside loop, and VNSO Park hosts family-friendly events year-round. Mins to Sherman Oaks and Studio City, where The Shops at Sportsmen's Lodge anchors the Erewhon, Equinox, and Reformation set, and Augustine Wine Bar and Buvette define the evening hours along Ventura Boulevard. MacLeod Ale, the celebrated local brewery, has been a weekly Date Night tradition for the current owners. Warner Bros., Disney, Universal, NBCUniversal, Burbank Airport, Van Nuys Airport, and Valley Presbyterian Hospital are all easy commutes via the 101, 134, 405, and 5, and construction is underway to expand regional transit linking the Westside and Pasadena directly to Van Nuys.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,273 | 1,521 |
| Lot Size | 6,722 | 6,602 |
| Price | $1.05M | $922.2K |
| Price per sq ft | $462 | $593 |
| Built year | 1949 | 1953 |
| HOA | $0 | $0 |
| Days on market | 16 | 54 |
Jul 6, 2026
$1,049,000
Initial Listing
Apr 16, 2020
$870,000
Public Record
Jan 7, 2019
$457,000
Public Record
Apr 26, 2004
$250,000
Public Record
Apr 24, 1998
$115,000
Public Record