15841 Marlin Place, Van Nuys, California 91406, Van Nuys, 91406 - 2 bed, 2 bath
15841 Marlin Place
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 15841 Marlin Place, Van Nuys, California 91406 reveals a property with a current list price of $865,000, which is 7% above the estimated $801,774 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 15841 Marlin Place Subject | $865,000* List Price | 2 | 2 | 1,134 | $707 | - |
A 16412 Gilmore Street Sold | $982,500 | 4 | 3 | 1,385 | $709 | 1.0 mi |
B 15948 Wyandotte Street Sold | $790,000 | 3 | 2 | 1,252 | $631 | 0.4 mi |
C 6651 Densmore Avenue Active | $769,000 List Price | 3 | 2 | 1,287 | $598 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1949, this property has undergone extensive and recent renovations, bringing it to current quality standards. The kitchen features modern white shaker cabinets, stainless steel appliances, and contemporary countertops and backsplash. Both bathrooms are fully updated with modern vanities, fixtures, and stylish subway tiling in the showers/tubs. Major systems like sewer, copper piping, roof, and AC motor have been replaced, and the interior/exterior have been freshly painted. The flooring is new wood laminate throughout, contributing to a cohesive and modern aesthetic. These comprehensive updates make the property virtually new in terms of functionality and style, with no deferred maintenance.
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 = 7257, living area = 1134.
- Comprehensive Recent Renovations
The property has undergone extensive recent renovations, including major system upgrades (new sewer, copper piping, roof, AC motor, fence) and cosmetic improvements (exterior/interior painting), ensuring modern functionality and reduced immediate maintenance concerns.
- Significant ADU & Expansion Potential
The detached garage offers strong potential for conversion into an Accessory Dwelling Unit (ADU) for rental income, and an additional den can be converted into a third bedroom, providing valuable flexibility and future growth.
CONSRISKS & DEFICIENCIES
- Exterior Laundry Facilities
The washer and dryer hookups are located in an exterior closet, which is less convenient and desirable than an indoor laundry room, especially during inclement weather.
- Buyer Due Diligence for Conversions
The listing explicitly states 'Buyer to do their own due diligence' for potential ADU and den conversions, placing the full responsibility, cost, and risk of these significant projects on the buyer.
- Modest Interior Square Footage
With 1134 sqft for a 2-bedroom home, the interior living space may be considered modest for some buyers, potentially limiting comfort or future expansion within the existing footprint.
About 15841 Marlin Place
Recently remodeled 2 bedroom 2 bath single family home in Lake Balboa. Additional den can possibly be converted into a third bedroom. Detached garage can possibly be converted to an ADU, generating extra income. Please check with city. Buyer to do their own due diligence. Gated with good size front yard and backyard for added privacy. There are several fruit trees. Pomegranate, Avocado, Orange, Lemon, Tangerine, etc. Renovations include: new sewer, copper pipping, roof, exterior and interior painting, AC motor, and fence. Central AC and heating. Outdoor built in table and bench. Built in BBQ. Laundry - washer and dryer hook up in exterior closet. Carport for additional parking space. Conveniently next to the 405 freeway. Minutes away from the Van Nuys Airport and Lake Balboa.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 7,257 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 3.0 | 15% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,134 | 1,508 | 21% |
| Lot Size | 7,257 | 6,550 | 69% |
| Price | $865.0K | $875.0K | 46% |
| Price per sq ft | $763 | $610 | 91% |
| Built year | 1949 | 1950 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 198 | 164 | 65% |
Pricing History
Listed for Sale
Oct 10, 2025
$865,000
$890,000
-3% Price Drop
Initial Listing
Price Change
Aug 20, 2025
$890,000
Initial Listing