15556 Valerio, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 3 bath
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Van Nuys, California 91406
This High-Potential Investment Opportunity is listed at a List Price of $1,068,000, positioned well below the $1,110,760 Fair Market Value by 4%. This valuation gap provides $42,760 in Instant Equity. Featuring a Condition Rating of 3, the property offers modern interior upgrades on a massive 13,486 sq ft lot with pre-approved architectural plans for two additional units. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking significant development upside and long-term rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15556 Valerio Subject | $1,068,000* List Price | 3 | 3 | 1,860 | $597 | - |
A 6909 Peach Avenue Sold | $820,000 | 4 | 2 | 1,492 | $550 | 0.6 mi |
B 15735 Bassett Street Sold | $900,000 | 3 | 2 | 1,740 | $517 | 0.6 mi |
C 6615 Orion Avenue Sold | $1,225,000 | 2 | 3 | 1,800 | $681 | 1.0 mi |
D 6819 Chisholm Avenue Sold | $1,166,000 | 3 | 2 | 2,136 | $546 | 0.7 mi |
E 7542 Gaviota Sold | $815,000 | 3 | 1 | 1,126 | $724 | 0.6 mi |
F 6843 Chisholm Active | $1,195,000 List Price | 3 | 2 | 1,927 | $620 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1946 build date, the property has undergone significant updates including central HVAC, recessed lighting, and laminate flooring. With one bathroom recently fully remodeled and the kitchen/living areas appearing well-maintained and move-in ready, it fits the criteria for a 5-15 year renovation profile.
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 expansion.
The home features contemporary finishes including laminate flooring, recessed lighting, central HVAC, and a recently remodeled bathroom, providing immediate move-in comfort.
Built in 1946, the property may require ongoing maintenance or updates to its original core systems despite the recent cosmetic and interior improvements.
The list price exceeds $1M, which is a premium for the Van Nuys area, making the value heavily dependent on the buyer's ability to execute the development plans.
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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,860 | 1,521 |
| Lot Size | 13,486 | 6,602 |
| Price | $1.07M | $922.2K |
| Price per sq ft | $574 | $593 |
| Built year | 1946 | 1953 |
| HOA | $0 | $0 |
| Days on market | 7 | 54 |
Jul 15, 2026
$1,068,000
Initial Listing
Oct 18, 2023
$875,000
Public Record
May 27, 2004
$517,500
Public Record
Feb 22, 2001
$270,000
Public Record