15744 Saticoy Street, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 4 bath
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Van Nuys, California 91406
This Multi-Unit Income Asset is listed at $1,300,000, offering a rare Triple-Unit Income Potential with 2 Permitted ADUs and Separate Meters. Although priced above the $986,344 Fair Market Value, the property’s history as an assisted living facility demonstrates its Proven Versatility and high-yield capacity in the Van Nuys rental market. With a Condition Rating of 5, the site requires a comprehensive renovation to address its 1954 origins and deferred maintenance. Located in the Los Angeles Unified district, this gated property is a high-utility acquisition for Buy-and-Hold Investors or Specialized Care Providers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15744 Saticoy Street Subject | $1,300,000* List Price | 4 | 4 | 2,119 | $465 | - |
A 16024 Hart Sold | $950,000 | 3 | 3 | 1,829 | $519 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954, this property is over 70 years old and shows significant signs of deferred maintenance and age. Interior images reveal severely dated bathrooms with peeling paint and unfinished wall patches, old linoleum/VCT flooring, and popcorn ceilings. While the ADUs are permitted, the overall aesthetic and visible wear indicate the property has not had a major renovation in over 30 years and requires a comprehensive rehab.
The property features a main residence plus two fully permitted ADUs with separate meters, providing immediate cash flow and exceptional financing flexibility in a high-demand rental market.
Formerly operated as an assisted living facility, the layout and 6-bedroom configuration offer a proven track record for specialized rental strategies or multi-generational living.
The expansive lot is fully gated with secured access and lined with mature cypress and pine trees, offering a rare level of privacy and security for a multi-unit property.
With the original structure dating back to 1954, the property may require ongoing maintenance or updates to core systems to maintain its investment value and modern appeal.
Accommodating three separate units on a 7,625 sq ft lot limits the amount of private, usable outdoor space available to each individual tenant.
EXCEPTIONAL INVESTMENT OPPORTUNITY | MULTI-UNIT INCOME PROPERTY WITH 2 PERMITTED ADUs. Welcome to 15744 Saticoy Street. A rare and versatile income-producing property in the heart of Van Nuys offering multiple permitted structures on one lot, with tremendous upside for investors, owner-occupants, or developers. This unique offering features a main residence plus two fully permitted Accessory Dwelling Units (ADUs), each on its own separate meter. The first ADU is a legally converted garage, thoughtfully transformed into a fully independent living space. The second is an additional permitted ADU, purpose-built and fully compliant both carrying legal permits, offering peace of mind and maximum financing flexibility. The property boasts a total of 6 bedrooms, 4 bathrooms, and 2,119 sq ft of living space across its units, formerly operated as an assisted living facility — providing a proven rental history and exceptional flexibility for a variety of future uses. The property currently generates rental income with existing tenants in place, offering immediate cash flow from day one. Each unit provides true independence and privacy with separate kitchens, multiple bedrooms and bathrooms. Highlights include beamed wood-panel ceilings, ceiling fans, in-unit laundry hookups, a large covered carport with assigned parking spaces, and gated/secured access. The expansive lot is lined with mature cypress and pine trees providing natural privacy and curb appeal. Whether you're looking to maximize rental income or explore assisted living/group home potential, this property checks every box. With LA's housing demand at an all-time high and two permitted ADUs already in place, this is truly a turnkey investment with value-add potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 72% |
| Baths | 4.0 | 2.0 | 92% |
| Square foot | 2,119 | 1,531 | 83% |
| Lot Size | 7,625 | 6,545.5 | 69% |
| Price | $1.30M | $887.5K | 92% |
| Price per sq ft | $613 | $600 | 55% |
| Built year | 1954 | 1950 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 137 | 3% |
Apr 30, 2026
$1,300,000
Initial Listing