
Van Nuys, California 91411
This property presents a High-Potential Investment Opportunity with a List Price of $800,000, positioned slightly above the $786,803 Fair Market Value. While the property requires significant renovation given its Fair Condition Rating, the expansive 6,854-square-foot lot offers substantial upside for ADU development or expansion. Located in the Los Angeles Unified school district, this asset is well-positioned for long-term appreciation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors capable of executing a full-scale value-add renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5837 Cedros Subject | $980,000* List Price | 3 | 2 | 1,280 | $695 | - |
A 5839 Tobias Sold | $965,000 | 3 | 1 | 974 | $991 | 0.1 mi |
B 5715 Norwich Sold | $1,030,000 | 3 | 2 | 1,332 | $773 | 0.5 mi |
C 6331 Columbus Avenue Sold | $745,000 | 3 | 1 | 1,276 | $584 | 0.9 mi |
D 5801 Willis Avenue Sold | $1,007,000 | 3 | 2 | 1,702 | $592 | 0.1 mi |
E 6225 Langdon Sold | $775,000 | 3 | 2 | 1,188 | $652 | 1.0 mi |
F 6268 Norwich Avenue Sold | $805,000 | 3 | 1 | 1,143 | $704 | 0.7 mi |
G 5702 Vesper Avenue Sold | $1,185,000 | 3 | 2 | 1,696 | $699 | 0.3 mi |
H 6250 Halbrent Avenue Active | $750,000 List Price | 3 | 1 | 1,027 | $730 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956 with no recorded renovations, the property is explicitly listed as needing repairs and updating. Sold as-is, it is positioned as an investment/rehab opportunity rather than move-in ready.
The generous 6,854-square-foot lot provides significant opportunity for an Accessory Dwelling Unit (ADU) or home expansion, offering substantial value-add potential for investors and developers.
Situated in the heart of Van Nuys, the property boasts excellent proximity to major freeways, schools, and local amenities, ensuring high desirability for future resale or rental.
With a 'Pending' status achieved within just one day on the market, the property demonstrates exceptionally strong buyer interest and a competitive price point for the area.
The home is in need of extensive repairs and updating throughout, requiring a buyer with a substantial renovation budget and the ability to manage a full-scale project.
Sold in its current condition with no seller concessions or repairs, this 'As-Is' sale may limit traditional financing options and necessitates thorough due diligence.
Great investment opportunity in the heart of Van Nuys! This 3-bedroom, 2-bath home offers approximately 1,280 square feet of living space on a 6,854-square-foot lot. The property is in need of repairs and updating, making it an excellent opportunity for investors, contractors, or buyers looking to renovate and add value. Spacious lot with potential for expansion or ADU (buyer to verify all possibilities with the appropriate agencies). Conveniently located near shopping, restaurants, schools, parks, and easy freeway access. Property is being sold AS-IS. Bring your vision and transform this property into its full potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,280 | 1,521 |
| Lot Size | 6,854 | 6,602 |
| Price | $980.0K | $922.2K |
| Price per sq ft | $766 | $593 |
| Built year | 1956 | 1953 |
| HOA | $0 | $0 |
| Days on market | 20 | 54 |
Jul 18, 2026
$980,000
$800,000
+23% Price Increase
Initial Listing
Jul 2, 2026
$800,000
Initial Listing
Sep 12, 1997
$161,000
Public Record