6432 Petit Avenue, Van Nuys, California 91406, Van Nuys, 91406 - 3 bed, 2 bath

6432 Petit Avenue, Van Nuys, California 91406 home-pic-0
ACTIVE$989,000
6432 Petit Avenue, Van Nuys, California 91406
3Beds
2Baths
1,367Sqft
7,178Lot

Price Vs. Estimate

The estimated value ($586,099.345) is $402,900.655 (40%) lower than the list price ($989,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7178, living area = 1367.
Top Cons:
Significant Price Overestimation: The listing price of $989,000 is considerably higher than the estimated property value of $586,099, suggesting a potential overvaluation that requires careful market justification.

Compared to the nearby listings

Price:$989.0K vs avg $900.0K (+$89,000)70%
Size:1,367 sqft vs avg 1,494 sqft43%
Price/sqft:$723 vs avg $61088%

More Insights

Built in 1953 (72 years old).
Condition: Despite being built in 1953, this property has undergone extensive, high-quality renovations. The kitchen features modern white shaker cabinets, quartz countertops, and high-end Thermador and Samsung stainless steel appliances, indicating a recent and significant upgrade. Both bathrooms have been tastefully renovated with contemporary fixtures and finishes. The original hardwood floors are described as pristine, and 'most systems' have been recently updated, suggesting minimal deferred maintenance. The overall aesthetic and functional updates bring the property to current quality standards, making it virtually new in its most critical areas.
Year Built
1953
Close
-
List price
$989K
Original List price
$989K
Price/Sqft
$723
HOA
-
Days on market
-
Sold On
-
MLS number
25538195
Home ConditionExcellent
Features
Deck
Spa
Patio
View-

About this home

THIS HOME QUALIFIES FOR A SPECIAL LOAN PROGRAM OFFERING BELOW 6% INTEREST RATE BASED ON ZIP CODE! Located on a large, desirable corner lot in one of Lake Balboa's most sought-after pockets, this beautifully maintained home offers outstanding curb appeal with mature rose bushes and a classic ranch-style wood fence. Inside, a warm and welcoming entry features elegant wainscoting, leading to a thoughtfully updated kitchen with quartz countertops, Thermador and Samsung stainless steel appliances, and custom solid wood cabinetry. The spacious living and dining area showcases pristine original hardwood floors, a cozy fireplace, and sliding glass doors that open to a tranquil backyard retreat. The oversized primary bedroom offers a serene escape, while two additional secondary bedrooms, one with an en-suite half bath, provide comfort and versatility. Both bathrooms have been tastefully renovated. Perfect for entertaining, the enchanting backyard includes a covered patio, jacuzzi, expansive decking, BBQ island, and a gazebo. A detached two-car garage, ideally situated on the lot, presents excellent ADU potential (buyer to verify). Most systems in the home have been recently updated, adding to its long-term value. Encino-adjacent and moments from Lake Balboa Park, the Sepulveda Basin Dog Park, Japanese Gardens, and the Encino Farmers Market, with easy access to the 101 and 405 freeways, this home is a true pride-of-ownership gem and is sure to be the envy of the neighborhood.

Nearby schools

3/10
Gault Street Elementary School
Public,K-50.9mi
3/10
Gault Street Elementary School
Public,K-50.9mi
5/10
Lemay Street Elementary School
Public,K-51.1mi
6/10
Lemay Street Elementary School
Public,K-51.1mi
3/10
Bassett Street Elementary School
Public,PK-51.3mi
4/10
Bassett Street Elementary School
Public,K-51.3mi
3/10
Anatola Avenue Elementary School
Public,K-51.5mi
3/10
Anatola Avenue Elementary School
Public,K-51.5mi
3/10
Bertrand Avenue Elementary School
Public,K-51.7mi
7/10
Stagg Street Elementary School
Public,K-51.8mi
4/10
Sylvan Park Elementary School
Public,K-52.0mi
6/10
Lorne Street Elementary School
Public,K-52.2mi
9/10
Kester Avenue Elementary School
Public,K-52.6mi
5/10
Cantara Street Elementary School
Public,K-52.7mi
5/10
William Mulholland Middle School
Public,6-80.5mi
3/10
William Mulholland Middle School
Public,6-80.7mi
2/10
Van Nuys Middle School
Public,6-82.9mi
3/10
Northridge Middle School
Public,6-83.0mi
4/10
Reseda Senior High School
Public,9-121.9mi
6/10
Van Nuys Senior High School
Public,9-122.4mi
7/10
Northridge Academy High
Public,9-124.2mi
5/10
Valley Academy Of Arts And Sciences
Public,9-125.0mi
5/10
Valley Academy Of Arts And Sciences
Public,9-125.0mi
Condition Rating
Excellent

Despite being built in 1953, this property has undergone extensive, high-quality renovations. The kitchen features modern white shaker cabinets, quartz countertops, and high-end Thermador and Samsung stainless steel appliances, indicating a recent and significant upgrade. Both bathrooms have been tastefully renovated with contemporary fixtures and finishes. The original hardwood floors are described as pristine, and 'most systems' have been recently updated, suggesting minimal deferred maintenance. The overall aesthetic and functional updates bring the property to current quality standards, making it virtually new in its most critical areas.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7178, living area = 1367.
Great Schools: Elementary School: Kester Avenue Elementary School (9/10).
Prime Location & Large Corner Lot: Situated on a desirable corner lot in a sought-after Lake Balboa pocket, offering excellent curb appeal, proximity to parks, and convenient freeway access.
Extensively Updated Interior: Features a thoughtfully updated kitchen with high-end Thermador/Samsung appliances, quartz countertops, custom cabinetry, pristine original hardwood floors, and tastefully renovated bathrooms.
Exceptional Outdoor Entertainment Space: The enchanting backyard is designed for entertaining, boasting a covered patio, jacuzzi, expansive decking, BBQ island, and a gazebo.
ADU Potential with Detached Garage: A well-situated detached two-car garage offers significant potential for conversion into an Accessory Dwelling Unit (ADU), adding future value and versatility.
Updated Systems & Favorable Financing: Most home systems have been recently updated, contributing to long-term value, and the property qualifies for a special loan program with a below 6% interest rate.

Cons

Significant Price Overestimation: The listing price of $989,000 is considerably higher than the estimated property value of $586,099, suggesting a potential overvaluation that requires careful market justification.
Absence of Central Air Conditioning: The property description does not mention a central air conditioning system, which could be a notable comfort concern for buyers, especially during hot California summers.
Age of Original Construction: Despite recent updates to 'most systems,' the home's 1953 build year may still present potential for older, un-updated infrastructure elements or maintenance considerations typical of properties of this age.

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