
Van Nuys, California 91406
This property presents a High-Potential Investment Opportunity with a List Price of $670,800—positioned well below the $672,654 Fair Market Value by 0.28%. This bank-owned asset features a Condition Rating of 5, requiring a full rehab to address deferred maintenance. The detached garage and long driveway offer significant ADU Development Potential, while the high beamed ceilings provide a unique architectural foundation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to maximize value through renovation in a prime Van Nuys cul-de-sac.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15741 Wyandotte Street Subject | $670,800* List Price | 3 | 1 | 1,330 | $503 | - |
A 7701 Orion Avenue Sold | $815,000 | 3 | 2 | 1,454 | $561 | 0.6 mi |
B 7446 Dempsey Sold | $730,000 | 4 | 2 | 1,579 | $462 | 0.2 mi |
C 15401 Covello Street Sold | $799,000 | 3 | 2 | 1,558 | $513 | 0.5 mi |
D 6909 Peach Avenue Sold | $820,000 | 4 | 2 | 1,492 | $550 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947 with no evidence of recent renovation, this bank-owned foreclosure is a 'fixer' showing significant neglect. Interior images reveal boarded-up windows, peeling plaster, damaged parquet flooring, and dated systems that require a full rehab.
The detached two-car garage and long driveway provide an ideal footprint for an Accessory Dwelling Unit (ADU) conversion, offering significant potential for rental income or increased resale value.
The interior features high beamed ceilings, skylights, and a brick fireplace, providing a unique aesthetic foundation that is highly desirable for modern 'fix-and-flip' or custom renovation projects.
Situated on a quiet cul-de-sac with convenient freeway access and proximity to local landmarks like the Van Nuys Golf Club and Village Plaza, the property offers a desirable balance of privacy and accessibility.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6414, other record lot size in square feet = 6357.
As a bank-owned foreclosure and designated 'fixer,' the property likely requires substantial capital investment to address deferred maintenance and modernize the 1947 construction.
The current configuration of three bedrooms with only one bathroom is a significant drawback for modern families and may limit the property's appraisal value compared to standard 3-bed, 2-bath homes in the area.
Bank owned foreclosure located on a cul-de-sac in Van Nuys. Three bedrooms and 1 bathroom home with 1,300+ square feet on a 6,400 square foot lot. Fixer with great potential. Entry area leads to living room area. Galley kitchen overlooks family room with brick fireplace and high beamed ceilings with skylights. Main bedroom also features wood beamed ceilings. Detached two car garage with long driveway could be great for an ADU. Convenient freeway access and close to Village Plaza at Sherman Way, Super King Markets and Van Nuys Golf Club.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.1 |
| Square foot | 1,330 | 1,570.106 |
| Lot Size | 6,414 | 6,738.636 |
| Price | $670.8K | $941.1K |
| Price per sq ft | $504 | $602 |
| Built year | 1947 | 1952 |
| HOA | $0 | $52 |
| Days on market | 39 | 55 |
Aug 1, 2026
$670,800
Initial Listing
May 7, 1999
$132,000
Public Record