15401 Covello Street, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 2 bath
15401 Covello Street
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 15401 Covello Street, Van Nuys, California 91406 reveals a Fairly Priced Property with a current list price of $840,000 aligned with the estimated $852,442 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 15401 Covello Street Subject | $840,000* List Price | 3 | 2 | 1,558 | $547 | - |
A 15354 Runnymede Street Sold | $865,000 | 4 | 2 | 1,774 | $488 | 0.2 mi |
B 7407 Densmore Avenue Sold | $725,000 | 3 | 1 | 1,356 | $535 | 0.5 mi |
C 6859 Langdon Avenue Pending | $890,000 List Price | 3 | 2 | 1,578 | $564 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1965 and under the same ownership since 2006, the property is functional but requires modernization. The listing analysis indicates a need for capital investment to update aesthetic finishes and aging mechanical systems, consistent with a well-maintained but outdated home.
PROSSTRENGTHS & OPPORTUNITIES
- Functional Living Space
With 1,558 square feet of living area featuring 3 bedrooms and 2 bathrooms, the home offers a well-proportioned and practical layout suitable for growing families or professionals.
- Competitive Market Entry
Priced at $840,000, this property represents an attractive entry point for a detached single-family residence within the San Fernando Valley's Van Nuys submarket.
- Established Neighborhood
Located in a mature residential pocket with a 1965 build date, the property offers a sense of community stability and a standard suburban lot size of over 5,500 square feet.
CONSRISKS & DEFICIENCIES
- Lack of Views
The property listing specifies no views, which may be a disadvantage for buyers seeking the scenic vistas or city lights often found in neighboring hillside areas.
- Potential for Modernization
Given the 1965 construction and long-term ownership since 2006, the home likely requires capital investment to update aesthetic finishes and aging mechanical systems.
About 15401 Covello Street
Exceptional opportunity in Van Nuys. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 5,577 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,558 | 1,509 | 53% |
| Lot Size | 5,577 | 6,509 | 5% |
| Price | $840.0K | $875.0K | 41% |
| Price per sq ft | $539 | $608 | 34% |
| Built year | 1965 | 1950 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 164 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$840,000
Initial Listing
Sold
Mar 29, 2006
$510,000
Public Record
Sold
Jul 31, 1998
$140,000
Public Record