15141 Covello Street, Van Nuys, California 91405, Van Nuys, 91405 - 5 bed, 4 bath
15141 Covello Street
Van Nuys, California 91405
Property Price
SUMMARY
Analysis of 15141 Covello Street, Van Nuys, California 91405 reveals a Fairly Priced Property with a current list price of $1,198,000 aligned with the estimated $1,204,760 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Van Nuys Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15141 Covello Street Subject | $1,198,000* List Price | 5 | 4 | 2,200 | $548 | - |
A 14658 Cohasset Sold | $955,000 | 4 | 2 | 1,639 | $583 | 0.6 mi |
B 14421 Cohasset Street Sold | $880,000 | 4 | 2 | 1,802 | $488 | 0.9 mi |
C 14940 Hartland Sold | $1,050,000 | 4 | 3 | 1,643 | $639 | 0.9 mi |
D 15031 15033 Hartland Street Active | $1,197,000 List Price | 5 | 4 | 2,273 | $527 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property consists of two residences that have been extensively remodeled or rebuilt to the studs recently. Both units feature modern custom kitchens with stainless steel appliances, updated bathrooms, recessed lighting, and high-end finishes. Major systems have been fully updated, including new copper plumbing, separate electrical meters, individual tankless water heaters, and energy-efficient cool roofs, leaving no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Dual-Unit Income Potential
The property features two separate, permitted residences on a single lot, providing an exceptional opportunity for high rental yield or multi-generational living with independent spaces.
- Comprehensive Modern Upgrades
Both homes have been extensively remodeled or rebuilt to the studs, including new copper plumbing, separate electrical meters, individual tankless water heaters, and energy-efficient cool roofs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2200, other record living area = 1204. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Local School Ratings
The majority of the immediate public schools assigned to this address have lower performance ratings, which may be a drawback for families prioritizing high-ranking educational districts.
- High-Density Urban Setting
Located in a busy area of Van Nuys with no scenic views, the property may experience more neighborhood noise and lacks the seclusion found in lower-density residential pockets.
About 15141 Covello Street
Incredible investment opportunity to own beautifully remodeled 2 single-family homes on the same lot with positive cash flow! The main residence is 1,200 sq ft and features 3 bedrooms and 2 bathroom ft with an open living and dining area and a custom kitchen with stainless steel appliances. The primary suite offers access to a spacious private backyard. Hallway bathroom with has dual sinks and there is a separate laundry room with new side by side washer and dryer. The second house is a permitted 2-bedroom, 2-bath ADU, rebuilt to the studs with permits. The detached ADU (approx. 1,000 sq ft) includes its own full kitchen, living area, second bedroom and a primary suite, ideal for extended family or rental income. Both units feature recessed lighting, separate electrical meters, individual tankless water heaters, new copper plumbing, and energy efficient cool roofs. The water meter includes a sub-meter for the ADU. Both homes have their own fenced in landscaped backyards with lemon and pomegranate trees and provide a private outdoor setting. Driveway parking for 5 cars. Don't miss you chance to own this amazing property!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1939
- Lot Size
- 7,804 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Valerio Street Elementary School
Grades K-5 • 0.3 mi
Cohasset Street Elementary School
Grades K-5 • 0.8 mi
Cohasset Street Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 4.0 | 2.0 | 90% |
| Square foot | 2,200 | 1,631 | 90% |
| Lot Size | 7,804 | 6,703.5 | 81% |
| Price | $1.20M | $867.5K | 90% |
| Price per sq ft | $545 | $533 | 55% |
| Built year | 1939 | 1954 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 169 | 2% |
Pricing History
Listed for Sale
Feb 24, 2026
$1,198,000
Initial Listing
Sold
Jan 17, 2018
$879,000
Public Record
Sold
Jun 28, 2017
$385,000
Public Record
Sold
Dec 30, 2009
$150,000
Public Record
Sold
Apr 6, 2007
$405,000
Public Record