
Van Nuys, California 91406
This Spanish Colonial Revival Estate is a Strong Value Opportunity, listed at $1,499,000—positioned well below the $1,584,313 Fair Market Value by 5%. This valuation gap offers $85,313 in Instant Equity. Featuring a 26,000 sq ft lot with (T)R1-1 / (T)RS-1 zoning, the property offers significant development potential for SB9 lot splits or ADU additions. With a Condition Rating of 3, the home includes modernized systems and a resort-style pool. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique architectural compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15401 Saticoy Street Subject | $1,499,000* List Price | 4 | 2 | 2,675 | $560 | - |
A 15358 Cohasset Active | $1,698,900 List Price | 5 | 5 | 2,901 | $586 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1933, the property is well-maintained and move-in ready with significant system modernizations including multi-zone HVAC, 200-amp electrical, copper plumbing, and owned solar. Photos show a high-end remodel of the upstairs bathroom and preserved period details in excellent condition, fitting the 5-15 year renovation profile for major components.
Designed by James H. Garrott, this 1933 Spanish Colonial Revival features authentic hand-painted tiles and original period detailing, offering a rare architectural pedigree that stands out in the Van Nuys market.
The massive 26,000 sq ft flat, street-to-street parcel is roughly five times the size of a typical LA residential lot, providing significant opportunities for SB9 lot splits, ADU additions, or a private compound expansion.
The property is equipped with high-value system upgrades including owned solar panels, multi-zone HVAC, copper plumbing, and a 200-amp electrical panel, reducing immediate capital expenditure for the buyer.
With four bedrooms but only two bathrooms, the home’s layout may be perceived as underserviced for modern family needs or high-end buyer expectations at this price point.
The property's noted potential historic significance may lead to future HCM designation, which could restrict a buyer's ability to perform significant exterior modifications or full-scale redevelopment.
Behind two gates on a street-to-street parcel sits one of the last true compounds in the Valley. 26,000 sq ft of flat, usable land, running from Saticoy through to Lull, fully-fenced and private. The house earns the land. A 1933 Spanish Colonial Revival by architect James H. Garrott, the Clara Alexanian House: 2,675 sq ft, 4 bed / 2 bath, hand-painted tile floors and original period detail intact. A main-floor bedroom and full bath handle guests or a home office without touching the stairs. Upstairs bath fully remodeled. Out back, the property does the entertaining for you. A resort pool set in decades of mature landscaping. A producing orchard: lemons, limes, oranges, persimmons, and more. A detached studio behind the pool works today as an office or guest quarters, with ADU conversion potential subject to permits. And still open flat land left over for whatever comes next. Horseshoe driveway with dual gated entries and parking for a crowd. Owned solar, 200-amp electrical, copper plumbing, multi-zone HVAC, underground utilities. The systems were modernized so the character never had to be. Minutes to Lake Balboa Park and the Sepulveda Basin Recreation Area. Ventura Blvd dining and the Encino corridor a short drive south. (T)R1-1 / (T)RS-1 dual zoning. Lot scale and frontage may support SB9 lot-split opportunities, ADU/JADU additions, or phased compound expansion. ZIMAS notes potential historic significance; no HCM designation or Mills Act in place—preservation incentives may be available subject to buyer pursuit. Rare combination of scale, era, and architectural pedigree on a flat, fully usable LA parcel—suitable for estate compound living, multigenerational layouts, period-appropriate restoration, ADU/accessory conversion, or SB9 development.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,675 | 1,521 |
| Lot Size | 26,231 | 6,602 |
| Price | $1.50M | $922.2K |
| Price per sq ft | $560 | $593 |
| Built year | 1933 | 1953 |
| HOA | $0 | $0 |
| Days on market | 74 | 54 |
May 9, 2026
$1,499,000
Initial Listing
Oct 17, 2014
$705,000
Public Record