
Van Nuys, California 91411
This Value-Add Investment Asset is listed at $769,900, representing a stable entry point near its $726,906 Fair Market Value in the Los Angeles Unified district. Currently holding a Condition Rating of 5, the property offers significant development upside through its 6,077 sq ft lot, private patio, and ADU Potential. Key infrastructure includes fully re-piped copper plumbing, complemented by immediate cash flow of $2,000 per month from long-term tenants. This "as-is" opportunity is ideal for Fix-and-Flip Investors or Buy-and-Hold Investors seeking a high-upside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6250 Halbrent Avenue Subject | $769,900* List Price | 3 | 1 | 1,027 | $708 | - |
A 6331 Columbus Avenue Sold | $745,000 | 3 | 1 | 1,276 | $584 | 0.1 mi |
B 6355 Peach Avenue Sold | $780,000 | 3 | 1 | 1,104 | $707 | 0.2 mi |
C 6225 Langdon Sold | $775,000 | 3 | 2 | 1,188 | $652 | 0.2 mi |
D 5801 Kester Avenue Sold | $820,000 | 3 | 2 | 1,122 | $731 | 0.7 mi |
E 5801 Bevis Avenue Sold | $905,000 | 3 | 2 | 1,209 | $749 | 0.8 mi |
F 5658 Columbus Avenue Sold | $840,000 | 3 | 2 | 1,202 | $699 | 0.7 mi |
G 15021 Sylvan Active | $850,000 List Price | 3 | 1 | 1,083 | $785 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1947 property is explicitly marketed as a 'fixer' and sold 'as-is' with significant deferred maintenance. The kitchen is outdated with worn tile countertops and misaligned cabinetry, while the interior shows unfinished wall patches and aging fixtures. The exterior, including the detached garage and patio, shows notable wear and tear, and the property has been occupied by the same tenants for over 20 years without major recent renovations.
The property sits on a generous 6,000+ square foot lot, offering significant opportunity for value-add projects such as the addition of Accessory Dwelling Units (ADUs) to maximize rental yield.
A major capital expense has already been addressed with the full copper re-piping of the plumbing system, providing peace of mind and reducing future renovation costs.
With long-term tenants in place for over 20 years and a history of consistent payments, the property offers an investor instant rental income of $2,000 per month upon acquisition.
The buyer assumes all responsibility and potential legal costs for tenant relocation, buyouts, or evictions, as the seller will not participate in any tenant-related transitions.
The property is being sold strictly in its current condition with no seller-paid inspections or warranties, requiring a buyer with the vision and capital to execute a full renovation.
Hello Investors and all categories of house Buyers alike! Here's your dream opportunity property! Let's start with the"Deets": 1.) The Seller is selling "As-Is", (No payment of Buyer's Home Warranty, Termite or other Inspections/Reports), with the Tenants in place over 20 yrs! No late/missed payments! Currently paying $2000 per month on Month-to Month, no current Lease. Instant Cash Flow! (2.) Tenants are not aware of Sale so DO NOT walk on property or speak to Tenants. (3.) Buyer/New Owner responsible for Tenant relocation, buyout,/ eviction,etc. Seller will not participate or be involved in any way. (4.) This vintage(ok a bit of a Fixer!) needs some love, vision and elbow grease. But how about this benefit, Seller states it's been fully re-piped with copper plumbing!! Such potential to be transformed into a Van Nuys beauty. With over 6,000sqft lot, don't forget to consider the possibility of adding ADUs! So here's your house dream chance to let your sweat equity bring you rental/Flip income. Or create your own dream residence. Jump on it now to not miss out! Let's go!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 1,027 | 1,437.5 | 13% |
| Lot Size | 6,077 | 6,755 | 19% |
| Price | $769.9K | $1.02M | 8% |
| Price per sq ft | $750 | $741 | 54% |
| Built year | 1947 | 1948 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 163 | 2% |
Apr 11, 2026
$769,900
Initial Listing
Oct 8, 1997
$110,000
Public Record
Oct 8, 1997
$114,000
Public Record