6446 Petit, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 3 bath
6446 Petit
Van Nuys, California 91406
Property Price
SUMMARY
Analysis of 6446 Petit, Van Nuys, California 91406 reveals a Prime Investment Opportunity with a current list price of $898,888—significantly undercutting the $1,031,659 Fair Market Value by 12%. This valuation gap indicates a +$132,771 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Van Nuys Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6446 Petit Subject | $898,888* List Price | 4 | 3 | 2,280 | $452 | - |
A 6902 Lasaine Avenue Sold | $755,000 | 4 | 2 | 1,999 | $378 | 1.0 mi |
B 17359 Victory Boulevard Sold | $680,000 | 4 | 2 | 1,508 | $451 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1964, the property is explicitly described as needing 'TLC' and is being sold 'as-is.' While the home offers a functional layout and 'great bones' such as vaulted ceilings, the interior features—including the kitchen, bathrooms, flooring, and fixtures—appear dated and in need of modernization. It remains livable and has been maintained through regular upkeep, but it lacks recent renovations and shows significant signs of age consistent with a 60-year-old structure.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Generous Living Space
At approximately 2,280 square feet, this four-bedroom home offers a spacious and functional layout, including separate living and family rooms, which is rare for the area's typical inventory.
- Architectural Potential
The home features 'great bones' with desirable elements like vaulted ceilings and a fireplace, providing an excellent foundation for a high-value transformation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6541, other record lot size in square feet = 6439. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2280, other record living area = 1299. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Deferred Maintenance
The property is explicitly listed as needing 'TLC' and is being sold in 'as-is' condition, indicating that significant immediate investment in repairs and updates will be required.
- Lease Obligation
The solar panels are under a lease agreement that must be assumed by the buyer, which may complicate the financing process or be viewed as an undesirable long-term contractual commitment.
About 6446 Petit
Great home in need of some TLC in Lake Balboa area. This spacious 4-bedroom, 2.5-bath home features approximately 2,280± square feet of living space on a 6,541± flat lot, nestled on a quiet street just minutes from parks and schools. The home offers a functional layout with separate living and family rooms, a dedicated laundry room, and a vaulted ceiling with fireplace in the living room. With great bones and generous space, it’s ready for its next owners to reimagine and transform into their personal paradise. Assumable SolarCity lease adds energy efficiency to the home’s appeal. Many happy memories were made here and the owner hopes that the new owners will make their own. Gault Street Elementary, William Mulholland Middle School and Birmingham Community Charter High School. Seller’s disclosure, Floorpan and a termite inspection from last July are available in the documents area of the listing. Property sold “AS IS.” Buyer to independently verify all information.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 6,541 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Gault Street Elementary School
Grades K-5 • 0.8 mi
Gault Street Elementary School
Grades K-5 • 0.9 mi
Lemay Street Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 2,280 | 1,509 | 87% |
| Lot Size | 6,541 | 6,541 | 50% |
| Price | $898.9K | $875.0K | 59% |
| Price per sq ft | $394 | $608 | 5% |
| Built year | 1964 | 1950 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 164 | 1% |
Pricing History
Listed for Sale
Mar 1, 2026
$898,888
Initial Listing