
Van Nuys, California 91406
This Value-Add Residential Asset is listed at $786,500, a market-aligned price point for the Los Angeles Unified district compared to its $747,553 Fair Market Value. Carrying a Condition Rating of 5, this bank-owned foreclosure is in "major need of TLC," providing a substantial opportunity for forced appreciation through a comprehensive renovation. The property is situated on a 6,414 Square Foot Lot at the end of a Cul-de-Sac and includes a Detached Two-Car Garage ideal for an ADU Conversion. This occupied-sale project is best suited for Fix-and-Flip Investors or Contractors seeking a high-ROI renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15741 Wyandotte Subject | $786,500* List Price | 3 | 1 | 1,330 | $562 | - |
A 7407 Densmore Avenue Sold | $725,000 | 3 | 1 | 1,356 | $535 | 0.1 mi |
B 15454 Archwood Street Sold | $725,000 | 3 | 2 | 1,274 | $569 | 0.8 mi |
C 7542 Gaviota Sold | $815,000 | 3 | 1 | 1,126 | $724 | 0.4 mi |
D 16024 Hart Sold | $950,000 | 3 | 3 | 1,829 | $519 | 0.5 mi |
E 7406 Haskell Active | $799,000 List Price | 3 | 2 | 1,221 | $654 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947 (>75 years old) with no evidence of recent renovations. The MLS description explicitly states a 'major need of TLC' and the property is a bank-owned foreclosure sold occupied with no interior access, indicating significant deferred maintenance and likely original, outdated systems and interiors.
Situated at the end of a cul-de-sac, the property offers a private, low-traffic environment that is highly desirable for families and enhances long-term resale value.
The 6,400 square foot lot includes a detached two-car garage, providing an ideal footprint for an Accessory Dwelling Unit (ADU) conversion or property expansion.
As a bank-owned foreclosure priced for its condition, this property presents a significant value-add opportunity for investors to build equity through a comprehensive renovation.
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.
The property is sold occupied with no interior showings or access permitted, creating substantial risk regarding the unknown interior condition and potential legal hurdles.
With three bedrooms but only one bathroom, the current layout is underserved by modern standards, likely requiring a costly reconfiguration to meet market expectations.
Bank owned foreclosure located on a cul-de-sac in Van Nuys. Three bedrooms and 1 bathroom with 1,300+ square feet on a 6,400 square foot lot. Two car detached garage. Per previous MLS history property is in major need of TLC. NO SHOWINGS. DO NOT DISTURB OCCUPANTS. DRIVE-BY ONLY. Property is sold occupied. No showings or access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,330 | 1,521 | 32% |
| Lot Size | 6,414 | 6,525 | 44% |
| Price | $786.5K | $885.0K | 19% |
| Price per sq ft | $591 | $595 | 50% |
| Built year | 1947 | 1950 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 137 | 2% |
May 4, 2026
$786,500
Initial Listing
May 7, 1999
$132,000
Public Record