16636 Gilmore Street, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 2 bath
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16636 Gilmore Street
Van Nuys, California 91406
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
2Baths
1,216Sq Ft
5,765Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$738,588
8% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $738,589 Fair Market Value by -8%. With a Condition Rating of 5, this asset requires significant renovation, offering a blank canvas for value-add strategies. The 5,765 sqft lot and probate status provide a streamlined path for Fix-and-Flip Investors or Contractors to modernize the structure. Located near the Sepulveda Basin, this project is ideal for those seeking to capitalize on neighborhood demand through strategic capital improvements.
Estimated Market Value
$738,588
Based on Realkey algorithm analyzing recent comparable sales in Van Nuys.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16636 Gilmore Street Subject | $799,000* List Price | 3 | 2 | 1,216 | $607 | - |
A 6555 De Celis Place Sold | $685,000 | 3 | 1 | 1,124 | $609 | 0.2 mi |
B 16620 Hamlin Street Sold | $925,000 | 3 | 2 | 1,504 | $615 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1953 (71 years old) with no recorded major renovations. The listing description explicitly targets investors and builders for renovation, suggesting the property requires a full rehab. While the interior photos show basic livability, the age of the structure and the lack of updated kitchen/bath images indicate significant datedness and likely need for system overhauls.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Prime Recreational Location
The property is ideally situated near Lake Balboa Park and the Sepulveda Basin Recreation Area, offering residents exceptional access to outdoor activities, golf courses, and green spaces.
- Development Potential
With a 5,765 sqft lot and a layout suitable for renovation, this property presents a significant opportunity for investors or builders to add value through modernization or potential expansion.
CONSRISKS & DEFICIENCIES
- Renovation Requirement
The property is positioned as a fixer-upper or development opportunity, indicating that it likely requires substantial capital investment to address dated features or deferred maintenance.
- Underperforming Local Schools
Several of the closest assigned schools, including the local middle school, have lower performance ratings, which may impact the property's appeal to education-focused families.
About 16636 Gilmore Street
Look no further! This charming three-bedroom home is nestled in a desirable neighborhood and offers comfort, privacy, and convenience. 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. Probate sale not requiring Court approval. Buyer is advised to independently verify all information, including permits, square footage, lot size, and potential future use or development opportunities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 5,765 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Gault Street Elementary School
Grades K-5 • 0.9 mi
3/10
Gault Street Elementary School
Grades K-5 • 0.9 mi
3/10
Lemay Street Elementary School
Grades K-5 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.1 |
| Square foot | 1,216 | 1,570.106 |
| Lot Size | 5,765 | 6,738.636 |
| Price | $799.0K | $941.1K |
| Price per sq ft | $657 | $602 |
| Built year | 1953 | 1952 |
| HOA | $0 | $52 |
| Days on market | 33 | 55 |
Pricing History
Listed for Sale
Aug 7, 2026
$799,000
Initial Listing