5839 Tobias, Van Nuys, California 91411, Van Nuys, 91411 - 3 bed, 1 bath
ACTIVE$965,000$974/sqft
Est. Value: $911,322
-5%
AboveEstimate
5839 Tobias, Van Nuys, California 91411
3Beds
1Bath
974Sqft
6,605Lot
Price Vs. Estimate
The estimated value ($911,322.25) is $53,677.75 (5%) lower than the list price ($965,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location & Amenities: The property is ideally situated just minutes from schools, trendy shops, and vibrant dining, enhancing its desirability and convenience for residents.
Top Cons:
Significant Renovation Required: The property explicitly 'needs some TLC,' indicating that substantial renovation and updates will be necessary to modernize the home and maximize its potential.
Compared to the nearby listings
Price:$965.0K vs avg $1.10M ($-130,250)40%
Size:974 sqft vs avg 1,432.5 sqft8%
Price/sqft:$991 vs avg $75090%
More Insights
Built in 1943 (83 years old).
Condition: Built in 1943, this property requires substantial rehabilitation. The kitchen is extremely outdated with worn cabinets, old tile countertops, and damaged flooring. The bathroom features very old tiles, fixtures, and a visible missing tile patch, indicating deferred maintenance. The empty, unmaintained swimming pool is a significant liability. The overall condition, as confirmed by the listing's 'needs some TLC' and 'bursting with potential' remarks, points to major systems and aesthetics needing complete overhaul.
Year Built
1943
Close
-
List price
$965K
Original List price
$965K
Price/Sqft
$991
HOA
-
Days on market
-
Sold On
-
MLS number
SR26005947
Home ConditionPoor
Features
Pool
Patio
View-
About this home
This charming 3 +1 home is ideal for first time buyers, empty nesters looking to simplify or investors searching for opportunities. The open living room is adjacent to the kitchen while the bedrooms are accessed via a hallway. Separate laundry room with access to the private backyard and separate detached and extended garage/storage. A perfect blend of charm, location and bursting with potential. This residence needs some TLC, but the possibilities are endless. Surrounded by beautifully maintained homes and just minutes from schools, trendy shops, and vibrant dining, this is a rare chance to create a custom living space in a great location. This is your opportunity to bring new life to a property with incredible upside.
E
Eduardo Polanco
Listing Agent
Price History
Date
Event
Price
01/17/95
Sold
$110,000
Condition Rating
Poor
Built in 1943, this property requires substantial rehabilitation. The kitchen is extremely outdated with worn cabinets, old tile countertops, and damaged flooring. The bathroom features very old tiles, fixtures, and a visible missing tile patch, indicating deferred maintenance. The empty, unmaintained swimming pool is a significant liability. The overall condition, as confirmed by the listing's 'needs some TLC' and 'bursting with potential' remarks, points to major systems and aesthetics needing complete overhaul.
Pros & Cons
Pros
Prime Location & Amenities: The property is ideally situated just minutes from schools, trendy shops, and vibrant dining, enhancing its desirability and convenience for residents.
High Potential for Customization & Upside: Described as 'bursting with potential' and offering 'incredible upside,' this residence provides a rare opportunity for buyers to create a custom living space and add significant value through renovation.
Versatile Buyer Appeal: The home is suitable for a broad range of buyers, including first-time homeowners, empty nesters looking to simplify, and investors seeking renovation opportunities.
Private Backyard: The property features a private backyard, offering valuable outdoor space for relaxation, entertaining, or potential landscaping projects.
Detached & Extended Garage: A separate detached and extended garage provides excellent utility for parking, storage, a workshop, or potential for future conversion (e.g., ADU), adding significant flexibility.
Cons
Significant Renovation Required: The property explicitly 'needs some TLC,' indicating that substantial renovation and updates will be necessary to modernize the home and maximize its potential.
Older Construction & Limited Bathrooms: Built in 1943, the home likely features outdated systems and finishes, and with only one bathroom for three bedrooms, it may not meet the needs of contemporary families without significant upgrades.
Compact Interior Square Footage: At 974 square feet, the interior living space is relatively small for a 3-bedroom home, which could be a limiting factor for buyers seeking more spacious accommodations.