15556 Valerio, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 3 bath
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Van Nuys, California 91406
This High-Density Residential Asset is listed at $1,195,000, reflecting a premium over the $1,054,593 Fair Market Value due to its exceptional development upside. The property features an expansive 13,486 sq ft lot and includes architectural plans for two additional units, offering a rare opportunity for density expansion. The interior maintains a Move-In Ready Condition Rating with central HVAC, laminate flooring, and a private patio. Located in the Los Angeles Unified district, this gated estate is a strategic acquisition for Buy-and-Hold Investors or Multi-Generational Families seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15556 Valerio Subject | $1,170,000* List Price | 3 | 3 | 1,860 | $572 | - |
A 6819 Chisholm Avenue Sold | $1,166,000 | 3 | 2 | 2,136 | $546 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several modern updates including laminate flooring throughout, recessed lighting, and a central HVAC system. While the structure dates to 1946, the interior has been well-maintained with a recently fully remodeled bathroom, a custom stone fireplace, and a mini bar, indicating it has undergone significant partial renovations to meet current functional standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13486, living area = 1860.
The expansive 13,486 sq ft lot includes architectural plans for two additional units, offering a rare and lucrative opportunity for investors or multi-generational families to maximize density and income.
The home is well-equipped with contemporary features including central HVAC, recessed lighting, laminate flooring, and a recently remodeled bathroom, providing immediate comfort and aesthetic appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Originally constructed in 1946, the property may require updates to aging systems or structural elements that are not addressed by the recent cosmetic and partial bathroom renovations.
A recent price reduction from the original list price indicates that the property may have been initially overvalued, potentially signaling a need for further negotiation to align with current market demand.
Exceptional Opportunity on a 13,486 Sq Ft Lot! Situated on an expansive 13,486 sq ft lot, this privately gated property offers incredible potential for both homeowners and investors alike. The owner has architectural plans available upon request to develop two additional units, presenting a rare opportunity for expansion or future income potential. The home features 3 bedrooms and 3 bathrooms, including one recently fully remodeled bathroom. Interior highlights include laminate flooring throughout, recessed lighting, central HVAC, a cozy fireplace with custom stone surround, and a mini bar—perfect for entertaining. Additional amenities include a detached two-car garage, ample gated parking, and a covered outdoor seating area ideal for gatherings. The spacious backyard provides endless possibilities for entertaining, expansion, or adding an ADU for residual income. Whether you’re seeking a large lot to enjoy as-is or exploring development potential, this unique property offers flexibility and upside in one exceptional package.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 76% |
| Square foot | 1,860 | 1,508 | 74% |
| Lot Size | 13,486 | 6,638 | 91% |
| Price | $1.17M | $885.0K | 86% |
| Price per sq ft | $629 | $608 | 56% |
| Built year | 1946 | 1950 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 160 | 9% |
Apr 21, 2026
$1,170,000
$1,195,000
-2% Price Drop
Initial Listing
Mar 7, 2026
$1,195,000
$1,250,000
-4% Price Drop
Initial Listing
Feb 19, 2026
$1,250,000
Initial Listing
Oct 18, 2023
$875,000
Public Record
May 27, 2004
$517,500
Public Record
Feb 22, 2001
$270,000
Public Record