15401 Saticoy Street, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 2 bath
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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 | $592 | - |
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.
The Clara Alexanian House is a one-of-a-kind offering: a 1933 Spanish Colonial Revival designed by architect James H. Garrott, anchoring a rare 26,000 sq ft flat, street-to-street compound in Van Nuys, adjacent to Lake Balboa. 0.61-acre parcel—roughly 5x a typical LA residential lot. THE RESIDENCE: 2,675 sq ft main home (4 bed / 2 bath) retains authentic period character with hand-painted tile floors and original Spanish Revival detailing, paired with thoughtful upgrades. Generously sized bedrooms; main-floor bedroom + full bath ideal for guests, extended family, or home office. Remodeled upstairs bath. GROUNDS: Resort-style pool framed by mature, private landscaping. Detached accessory studio offers flexible use as home office, guest quarters, or creative space, with potential for ADU conversion subject to permits. Established mini-orchard (lemon, lime, orange, persimmon, calamansi, pomegranate, fig) and abundant flat green space. Horseshoe driveway with dual gates, extensive on-site parking. Fully gated. An entertainer's dream. SYSTEMS: Owned solar, underground utilities, copper plumbing, 200-amp electrical, multi-zone HVAC. Major systems modernized. LOCATION: Established Van Nuys neighborhood with parks, recreation, and dining nearby; Ventura Blvd corridor minutes away. Within the LA Transit Priority Area; approximately 1 mile from the proposed Sepulveda Transit Corridor station. DEVELOPMENT POTENTIAL: (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. POSITIONING: 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. Offered as-is, standard sale only. All information regarding zoning, development potential, ADU possibilities, SB9 eligibility, permits, transit plans, and historic status is deemed reliable but must be independently verified by the buyer. Buyer is responsible for all due diligence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 72% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,675 | 1,531 | 92% |
| Lot Size | 26,231 | 6,545.5 | 98% |
| Price | $1.50M | $887.5K | 95% |
| Price per sq ft | $560 | $594 | 39% |
| Built year | 1933 | 1950 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 137 | 2% |
May 9, 2026
$1,499,000
Initial Listing
Oct 17, 2014
$705,000
Public Record