
Los Angeles, California 91406
This Dual-Residence Asset represents a Strong Value Opportunity, listed at $999,000—positioned well above the $950,529 Fair Market Value by 5%. While priced slightly above market, the property offers immediate cash flow with a combined $5,139 in monthly rent. Featuring a Good Condition Rating with modern kitchen updates and a permitted ADU, the property provides a versatile layout with separate utility metering. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15905 Enadia Way Subject | $999,000* List Price | 4 | 3 | 1,715 | $554 | - |
A 7027 Gloria Avenue Sold | $880,000 | 3 | 2 | 1,581 | $557 | 0.1 mi |
B 15732 Covello St Sold | $807,500 | 3 | 2 | 1,305 | $619 | 0.5 mi |
C 6551 Whitman Sold | $850,000 | 4 | 3 | 1,960 | $434 | 0.7 mi |
D 6859 Langdon Avenue Sold | $925,000 | 3 | 2 | 1,578 | $586 | 0.7 mi |
E 16125 Haynes Street Sold | $879,000 | 3 | 2 | 1,410 | $623 | 0.8 mi |
F 15401 Covello Street Sold | $799,000 | 3 | 2 | 1,558 | $513 | 0.8 mi |
G 15358 Gault Street Sold | $890,000 | 3 | 2 | 1,507 | $591 | 0.7 mi |
H 16142 Haynes Sold | $1,045,000 | 3 | 3 | 1,483 | $705 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1954, the property has undergone significant renovations within the 5-15 year range. The kitchen features modern white shaker cabinetry, subway tile, and stainless steel appliances. The addition of a permitted ADU with a mini-split system and updated electrical metering indicates well-maintained systems and move-in ready condition, though the 'digitally enhanced' photos suggest a Good rating over Excellent.
The property features two permitted residences generating a combined $5,139 in monthly rent, offering immediate cash flow for investors or a significant mortgage offset for owner-occupants.
Both units are thoughtfully designed for privacy with separate addresses, private entrances, individual fenced yards, and separately metered electricity.
Situated on a quiet, tree-lined cul-de-sac near the Lake Balboa border, the property provides a peaceful residential environment with excellent access to the 405 freeway and local amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1715, other record living area = 1760. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Interior showings are only available upon acceptance of an offer, which may deter traditional buyers and complicates the initial physical due diligence process.
The reliance on digitally enhanced and staged photos, combined with the lack of immediate access, suggests the actual interior condition may require additional cosmetic or maintenance investment.
15905 & 15907 Enadia Way offer a rare combination of flexibility, privacy, and income potential with two permitted residences on one property: a charming 3-bedroom, 2-bath single-family home and a fully permitted 1-bedroom, 1-bath ADU. Each residence has its own address, private entrance, fenced outdoor space, and separate laundry, creating an ideal setup for an owner-occupant seeking supplemental rental income, multigenerational living, or an investor looking for an established income-producing property. Situated on a quiet cul-de-sac near the Van Nuys/Lake Balboa border, the property is located in an established, tree-lined neighborhood with convenient access to the 405, Van Nuys Airport, shopping, dining, recreation, and other area amenities. The approximately 1,268-square-foot front home at 15905 features three bedrooms, two baths, central HVAC, fireplaces, and its own private yard. The approximately 447-square-foot ADU at 15907 offers one bedroom, one bath, a mini-split HVAC system, dedicated outdoor space, and private access from the driveway. The property is thoughtfully configured for independent living, with separately metered electricity and utility infrastructure that allows each household to pay its respective utilities. Set on an approximately 5,500-square-foot lot, the two residences provide separation and privacy while preserving the versatility of a single property life in the front home and retain the ADU for rental income, accommodate extended family or guests, or maintain both residences as rentals. Both residences are currently tenant-occupied, providing immediate income for an investment buyer. The front residence is leased ($3,321), and the ADU is currently occupied on a month-to-month basis ($1,818). The property has maintained consistent occupancy throughout the sellers' ownership. Interior showings will be provided upon acceptance of an offer. Photos are digitally enhanced/staged.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,715 | 1,664.159 |
| Lot Size | 5,509 | 6,066.556 |
| Price | $999.0K | $1.35M |
| Price per sq ft | $583 | $806 |
| Built year | 1954 | 1939 |
| HOA | $0 | $278 |
| Days on market | 8 | 55 |
Sep 1, 2026
$999,000
Initial Listing
Mar 30, 2018
$525,000
Public Record
Mar 20, 2002
$225,000
Public Record
Jun 20, 1997
$110,500
Public Record