15556 Valerio, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 3 bath
15556 Valerio
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 15556 Valerio, Van Nuys, California 91406 reveals a property with a current list price of $1,250,000, which is 10% above the estimated $1,130,389 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 15556 Valerio Subject | $1,250,000* List Price | 3 | 3 | 1,860 | $608 | - |
A 6818 Chisholm Avenue Sold | $1,150,000 | 3 | 2 | 2,160 | $532 | 0.7 mi |
B 15410 Wyandotte Street Sold | $1,175,000 | 3 | 2 | 1,956 | $601 | 0.2 mi |
C 6819 Chisholm Avenue Active Under Contract | $1,145,000 List Price | 3 | 2 | 2,136 | $536 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant modern updates including laminate flooring throughout, recessed lighting, and central HVAC. While originally built in 1946, the interior has been well-maintained with a recently fully remodeled bathroom and contemporary finishes like a custom stone fireplace and mini bar, meeting the criteria for a well-maintained home with updated major systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Significant Development Potential
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 expansion.
- Modern Interior Upgrades
The home features contemporary finishes such as laminate flooring, recessed lighting, central HVAC, and a recently remodeled bathroom, providing immediate move-in comfort.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Vintage Infrastructure
Originally built in 1946, the property may have aging underlying systems that could require maintenance or upgrades not addressed by recent cosmetic renovations.
- Aggressive Market Pricing
The substantial price increase since its 2023 sale places the property at a premium, requiring the buyer to see high value in the provided development plans to justify the cost.
About 15556 Valerio
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- 13,486 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 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 | 3.0 | 2.0 | 75% |
| Square foot | 1,860 | 1,509 | 75% |
| Lot Size | 13,486 | 6,550 | 90% |
| Price | $1.25M | $875.0K | 90% |
| Price per sq ft | $672 | $610 | 70% |
| Built year | 1946 | 1950 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 164 | 1% |
Pricing History
Listed for Sale
Feb 19, 2026
$1,250,000
Initial Listing
Sold
Oct 18, 2023
$875,000
Public Record
Sold
May 27, 2004
$517,500
Public Record
Sold
Feb 22, 2001
$270,000
Public Record