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15514 Lull Street, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 4 bath

15514 Lull Street, Van Nuys, California 91406 home-pic-0
ACTIVE$959,000
15514 Lull Street, Van Nuys, California 91406
4Beds
4Baths
2,273Sqft
7,759Lot

Price Vs. Estimate

The estimated value ($476,645.555) is $482,354.445 (50%) lower than the list price ($959,000). This property may be overpriced.

Key pros and cons

Top Pros:
Spacious Main Residence: The primary residence offers over 2,200 sq ft of living space with 4 generously sized bedrooms and 3.5 bathrooms, providing ample room for various living needs.
Top Cons:
Significant Repairs and Updates Needed: The property requires significant repairs and updates, indicating a substantial additional investment will be necessary for modernization and habitability.

Compared to the nearby listings

Price:$959.0K vs avg $900.0K (+$59,000)64%
Size:2,273 sqft vs avg 1,496 sqft91%
Price/sqft:$422 vs avg $6046%

More Insights

Built in 1956 (69 years old).
Condition: Built in 1956, this property explicitly states it 'requires significant repairs and updates.' While the kitchen has some newer elements like a stainless steel refrigerator and recessed lighting, the checkered tile flooring, older stove, and red-toned countertops/backsplash are dated. The bathroom features a more modern vanity but the overall style is not current. The presence of an unpermitted guesthouse also indicates a need for substantial work beyond cosmetic updates, aligning with the 'poor' condition criteria of requiring substantial repairs and rehabilitation.
Year Built
1956
Close
-
List price
$959K
Original List price
$1.05M
Price/Sqft
$422
HOA
-
Days on market
-
Sold On
-
MLS number
SR25112758
Home ConditionPoor
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Spacious 4BR, 3.5BA Home with Additional Guesthouse in Van Nuys! Located on a quiet cul-de-sac in a residential area of West Van Nuys, this property offers over 2,200 sq ft of living space. The primary residence includes four generously sized bedrooms and three and a half bathrooms, providing ample space for various living needs. An additional detached guesthouse (unpermitted) offers flexibility for customization, and it is ideal as a home office, studio, or guest quarters (buyers should verify local regulations). Sitting on a sizable lot, this home presents a unique opportunity for enhancement and personalization. While it requires significant repairs and updates, it holds tremendous potential for those looking to create their ideal space. It is conveniently located near schools, shopping centers, and has easy access to freeways.

Condition Rating
Poor
Built in 1956, this property explicitly states it 'requires significant repairs and updates.' While the kitchen has some newer elements like a stainless steel refrigerator and recessed lighting, the checkered tile flooring, older stove, and red-toned countertops/backsplash are dated. The bathroom features a more modern vanity but the overall style is not current. The presence of an unpermitted guesthouse also indicates a need for substantial work beyond cosmetic updates, aligning with the 'poor' condition criteria of requiring substantial repairs and rehabilitation.
Pros & Cons

Pros

Spacious Main Residence: The primary residence offers over 2,200 sq ft of living space with 4 generously sized bedrooms and 3.5 bathrooms, providing ample room for various living needs.
Detached Guesthouse: An additional detached guesthouse offers flexible usage options, ideal as a home office, studio, or guest quarters.
Sizable Lot: The property sits on a generous 7,759 sq ft lot, presenting a unique opportunity for enhancement, personalization, and outdoor activities.
Quiet Location: Located on a quiet cul-de-sac in a residential area of West Van Nuys, offering a peaceful living environment.
Convenient Access: The home is conveniently located near schools, shopping centers, and provides easy access to major freeways, enhancing daily convenience.

Cons

Significant Repairs and Updates Needed: The property requires significant repairs and updates, indicating a substantial additional investment will be necessary for modernization and habitability.
Unpermitted Guesthouse: The detached guesthouse is unpermitted, which may lead to regulatory issues or require costly legalization processes for future use.
Potential Overpricing: The listing price of $959,000 is considerably higher than the estimated property value of $476,645, suggesting the property may be overpriced given its current condition and market comparisons.

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