
Van Nuys, California 91401
This Renovated Single-Family Residence is a Strong Value Opportunity, listed at $1,125,000—positioned well below the $1,207,057 Fair Market Value by 6%. This valuation gap offers $82,057 in Instant Equity for buyers. Boasting a Condition Rating of 2, the home features a new roof, kitchen, and HVAC system. The 7,401 sq. ft. flat lot includes a private patio and significant ADU potential for forced appreciation. Located in the Los Angeles Unified district, this property offers superior square footage for the price, making it ideal for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6038 Allott Avenue Subject | $1,080,000 | 3 | 3 | 2,070 | $569 | - |
A 6134 Longridge Avenue Sold | $1,390,000 | 3 | 3 | 2,160 | $644 | 0.4 mi |
B 14043 Calvert Street Sold | $900,000 | 3 | 3 | 1,371 | $656 | 0.7 mi |
C 6043 Mary Ellen Avenue Sold | $1,400,000 | 4 | 3 | 2,265 | $618 | 0.5 mi |
D 6506 Colbath Avenue Sold | $1,225,000 | 3 | 2 | 2,317 | $529 | 0.8 mi |
E 6026 Greenbush Avenue Pending | $1,127,000 List Price | 3 | 2 | 1,804 | $625 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1949, the property has undergone a comprehensive recent renovation including a new roof, new kitchen, new bathrooms, and updated HVAC systems with a Nest thermostat, placing it in the <5 year renovation category.
The home features significant recent capital improvements including a new roof, kitchen, bathrooms, and HVAC system with a Nest thermostat, offering a move-in-ready experience and reduced maintenance costs.
The property sits on a generous 7,400 sq. ft. flat lot with explicit potential for an Accessory Dwelling Unit (ADU), providing an excellent opportunity for rental income or increased property value.
Boasting over 2,000 sq. ft. of living space, the residence offers a large open-concept living room and den, providing a sense of scale and functional flow rarely found in standard three-bedroom homes of this era.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The property is noted as having no views, which may be a disadvantage for buyers seeking the aesthetic appeal or privacy often associated with hillside or more elevated locations.
Despite the modern interior renovations, the 1949 original construction may still harbor older underlying infrastructure or utility components typical of mid-century homes that were not explicitly listed as replaced.
This 3 bedroom, 3 bathroom home square boasts 2,070 sqft. Large front yard and back yard. 7,400 sq ft FLAT LOT New ROOF, Bathrooms ,new kitchen , HVAC , Nest , can put Adu, large living room and den open space . Great investment opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,070 | 1,855 | 67% |
| Lot Size | 7,401 | 6,800 | 63% |
| Price | $1.08M | $1.30M | 30% |
| Price per sq ft | $522 | $726 | 14% |
| Built year | 1949 | 1951 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 117 | 6% |
May 4, 2026
$1,125,000
Initial Listing
Jul 21, 2004
$552,000
Public Record