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15405 Covello Street, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 4 bath

15405 Covello Street, Van Nuys, California 91406 home-pic-0
ACTIVE$935,000
15405 Covello Street, Van Nuys, California 91406
4Beds
4Baths
1,600Sqft
5,250Lot

Price Vs. Estimate

The estimated value ($529,441.185) is $405,558.815 (43%) lower than the list price ($935,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Renovation & Remodel: The property has been 'extensively renovated and remodeled,' offering a modern, move-in ready condition.
Top Cons:
Significant Overpricing: The listed price of $935,000 is considerably higher than the estimated property value of $529,441, suggesting a potential overvaluation relative to market data.

Compared to the nearby listings

Price:$935.0K vs avg $900.0K (+$35,000)59%
Size:1,600 sqft vs avg 1,496 sqft58%
Price/sqft:$584 vs avg $60443%

More Insights

Built in 1957 (68 years old).
Condition: Despite being built in 1957, the property has undergone an 'extensively renovated and remodeled' transformation. The description highlights a 'brand new kitchen with spacious cabinets, quartz counters and a large center island,' and 'all the bathrooms have been updated with beautiful tile-work, vanities and hardware.' Additionally, it features 'fresh paint, new LED lights and water resistant laminate flooring throughout.' These details, along with the presence of an attached ADU with its own kitchen, indicate that the property's key components are new or virtually new, meeting current quality standards and suggesting a recent, comprehensive renovation within the last 5 years. The overall condition is move-in ready with modern finishes.
Year Built
1957
Close
-
List price
$935K
Original List price
$960K
Price/Sqft
$584
HOA
-
Days on market
-
Sold On
-
MLS number
25509795
Home ConditionExcellent
Features
Pool
Spa
Patio
View

About this home

Located on a quiet cul-de-sac street is a beautiful home that has been extensively renovated and remodeled. Offering an open floor plan, the home is approximately 1,600 square feet with 3 bedroom, 3 baths + an ADU with an additional 1+1. A brand new kitchen with spacious cabinets, quartz counters and a large center island that is great for entertaining. The sun filled living room is perfectly positioned and opens up to the backyard. All the bathrooms have been updated with beautiful tile-work, vanities and hardware. Some other features include a very spacious laundry room, fresh paint, new LED lights and water resistant laminate flooring throughout. A great rear yard with a sparkling in-ground pool & Spa. The attached ADU is a one bedroom, one bath plus living room and a kitchen, currently leased at $1650/month. Nice wide driveway and situated within easy access to freeways.

Condition Rating
Excellent
Despite being built in 1957, the property has undergone an 'extensively renovated and remodeled' transformation. The description highlights a 'brand new kitchen with spacious cabinets, quartz counters and a large center island,' and 'all the bathrooms have been updated with beautiful tile-work, vanities and hardware.' Additionally, it features 'fresh paint, new LED lights and water resistant laminate flooring throughout.' These details, along with the presence of an attached ADU with its own kitchen, indicate that the property's key components are new or virtually new, meeting current quality standards and suggesting a recent, comprehensive renovation within the last 5 years. The overall condition is move-in ready with modern finishes.
Pros & Cons

Pros

Extensive Renovation & Remodel: The property has been 'extensively renovated and remodeled,' offering a modern, move-in ready condition.
Income-Generating ADU: Features an attached ADU with a separate kitchen and living space, currently leased at $1650/month, providing significant rental income or multi-generational living options.
Modern Interior Finishes: Boasts a brand new kitchen with quartz counters and a large island, updated bathrooms with new tile-work, vanities, and hardware, along with fresh paint, new LED lights, and water-resistant laminate flooring.
Private Outdoor Oasis: Includes a 'great rear yard with a sparkling in-ground pool & Spa,' enhancing recreational and entertainment value.
Quiet Cul-de-Sac Location & Freeway Access: Situated on a 'quiet cul-de-sac street' with 'easy access to freeways,' offering both tranquility and convenient commuting.

Cons

Significant Overpricing: The listed price of $935,000 is considerably higher than the estimated property value of $529,441, suggesting a potential overvaluation relative to market data.
Age of Original Construction: Built in 1957, the property's core structure is older, which may imply potential for unseen or future maintenance needs related to original systems not covered by recent renovations.
Lack of Mentioned Cooling System: The description does not specify the presence of a cooling system (e.g., central air conditioning), which is a crucial amenity for comfort in the Van Nuys climate.

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