16636 Gilmore Street, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 2 bath
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Van Nuys, California 91406
This property presents a Strong Value Opportunity with a List Price of $799,000—positioned well above the $743,697 Fair Market Value by 7%. While the price reflects a premium, the Condition Rating of 5 highlights significant renovation potential for those seeking to capture value through modernization. Situated on a 5,765 sqft lot near the Sepulveda Basin, this asset offers a strategic location for long-term growth. This probate sale is an ideal acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive value-add renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16636 Gilmore Street Subject | $799,000* List Price | 3 | 2 | 1,216 | $612 | - |
A 16731 Victory Sold | $750,000 | 3 | 2 | 1,216 | $617 | 0.1 mi |
B 6555 De Celis Place Sold | $685,000 | 3 | 1 | 1,124 | $609 | 0.2 mi |
C 6447 Forbes Avenue Sold | $870,000 | 3 | 2 | 1,425 | $611 | 0.2 mi |
D 16620 Hamlin Street Sold | $925,000 | 3 | 2 | 1,504 | $615 | 0.1 mi |
E 6467 Woodley Active | $899,000 List Price | 4 | 2 | 1,576 | $570 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 (>70 years old) with no mentioned renovations, this property is marketed as an 'as-is' probate sale specifically for investors and builders. The description emphasizes renovation potential and land value, indicating that the kitchen, baths, and major systems are likely original or severely dated and require a full rehab.
Elementary School: Kester Avenue Elementary School (9/10).
Ideally situated on a quiet residential street near Lake Balboa Park and the Sepulveda Basin Recreation Area, offering residents exceptional access to premier outdoor activities and local amenities.
The property offers significant upside for investors and builders, featuring a generous 5,765 sqft lot in a desirable neighborhood with ample opportunity for renovation or redevelopment.
The home is being sold in its present condition, which likely necessitates a substantial budget for repairs, modernization, and addressing deferred maintenance.
The property is currently tenant-occupied and shown by appointment only, which may complicate the viewing process and delay immediate possession for owner-occupants.
Exceptional opportunity to own a home in a highly desirable neighborhood. Situated on a quiet residential street, this property offers tremendous potential for investors, builders, or buyers looking to renovate and make it their own. Conveniently located near Lake Balboa Park, the Sepulveda Basin Recreation Area, shopping, dining, schools, and easy freeway access. The property is tenant-occupied and shown by appointment only. Please do not disturb the occupants. Probate sale not requiring Court approval. Property is being sold in its present “AS-IS” condition. Buyer is advised to independently verify all information, including permits, square footage, lot size, and potential future use or development opportunities.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,216 | 1,521 |
| Lot Size | 5,765 | 6,602 |
| Price | $799.0K | $922.2K |
| Price per sq ft | $657 | $593 |
| Built year | 1953 | 1953 |
| HOA | $0 | $0 |
| Days on market | 2 | 54 |
Jul 20, 2026
$799,000
Initial Listing