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15944 Hart Street, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 3 bath

15944 Hart Street, Van Nuys, California 91406 home-pic-0
ACTIVE$1,125,000$1,714/sqft
Est. Value: $1,128,895
%
FairlyEstimate
15944 Hart Street, Van Nuys, California 91406
4Beds
3Baths
1,714Sqft
8,590Lot

Price Vs. Estimate

The estimated value ($1,128,895.495) is $3,895.495 (0%) lower than the list price ($1,125,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 8590, living area = 1714.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1714, other record living area = 1314. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

Compared to the nearby listings

Price:$1.12M vs avg $879.0K (+$246,000)83%
Size:1,714 sqft vs avg 1,481 sqft68%
Price/sqft:$656 vs avg $61267%

More Insights

Built in 1927 (99 years old).
Condition: Despite the 1927 original build year, the main house has been extensively and recently renovated with modern finishes, new central AC/heat, new flooring, fully upgraded bathrooms, a new kitchen with stainless steel appliances, and new light fixtures. The accompanying ADU is brand new and fully permitted. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Year Built
1927
Close
-
List price
$1.13M
Original List price
$1.13M
Price/Sqft
$656
HOA
-
Days on market
-
Sold On
-
MLS number
25629819
Home ConditionExcellent
Features
View-

About this home

Stunning Spanish style home on a HUGE, OVERSIZED LOT with a brand new ADU that is being rented for $1931.00. This home has it all! Don't miss this opportunity to own two homes on one lot in the highly sought after community of Lake Balboa! Includes 1314 sq ft, newly renovated 3 bedroom and 2 bath house with brand new, fully permitted 1 bedroom ADU. The lot is OVER 8,500 sq ft! Perfect for large families, or live in one and rent out the other to supplement your mortgage. For the savvy investor, you could rent out both and immediately and charge market rates to turn a profit, or build another detached ADU in the backyard and have three properties on one lot (buyer to verify with the City).Both properties have their own addresses and are permitted for separate electric meters. This Spanish style 3 bedroom, 2 bath home has beautiful modern finishes, offers new central AC and heat, new flooring and fully upgraded bathrooms & kitchen. The main house has all new stainless-steel appliances, newer flooring and new light fixtures as well. There is a huge drought tolerant front yard and recently landscaped backyard, both with new irrigation systems. The brand new, fully permitted ADU is 1 bedroom and 1 bath with a living area, kitchen, and separate bedroom, AC/heat, and combo washer/dryer. All appliances are electric in the ADU. Come see this property before it's gone!

M
Marcus Kassin
Listing Agent

Price History

Date
Event
Price
06/26/23
Sold
$740,000
Condition Rating
Excellent
Despite the 1927 original build year, the main house has been extensively and recently renovated with modern finishes, new central AC/heat, new flooring, fully upgraded bathrooms, a new kitchen with stainless steel appliances, and new light fixtures. The accompanying ADU is brand new and fully permitted. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

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 = 8590, living area = 1714.
Income-Generating ADU: Features a brand new, fully permitted Accessory Dwelling Unit (ADU) currently rented for $1,931.00, providing immediate rental income or mortgage offset.
Oversized Lot & Development Potential: Situated on a huge, oversized lot (over 8,500 sq ft) with potential for building an additional detached ADU, offering significant future value and flexibility.
Extensive Renovations & Modern Finishes: The main house is newly renovated with modern finishes, new central AC/heat, new flooring, fully upgraded bathrooms, kitchen, and new stainless-steel appliances, ensuring a move-in ready condition.
Dual Living/Investment Opportunity: Offers two distinct homes on one lot with separate addresses and permitted electric meters, ideal for multi-generational living, large families, or maximizing rental income.
Desirable Location: Located in the highly sought-after community of Lake Balboa, enhancing its appeal and potential for appreciation.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1714, other record living area = 1314. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Age of Original Structure: The main house was built in 1927, and while extensively renovated, the underlying older structure may present unforeseen maintenance considerations in the long term.
Lack of Premium Views: The property does not offer any notable views, which can be a desirable feature and value driver in some competitive markets.
Significant Price Appreciation: The listing price reflects a substantial increase from its last sale in June 2023, which may lead to buyer scrutiny or potential appraisal challenges if not strongly supported by recent comparable sales.
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