6467 Woodley, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 2 bath
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Van Nuys, California 91406
This RD 1.5 Development Asset is listed at $1,000,000, reflecting a valuation based on its high-density zoning and 7,017 sq ft lot compared to the $916,840 Fair Market Value. With a Condition Rating of 4, the property requires modernization but offers a significant Value-Add Opportunity through its ADU Potential and multi-unit capacity. Located in the Los Angeles Unified district near Woodley Lakes Golf Course, the site is positioned for high-yield redevelopment despite noted listing discrepancies in square footage. This is a strategic acquisition for Developers and Institutional Investors looking to maximize lot utilization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6467 Woodley Subject | $1,000,000* List Price | 4 | 2 | 1,576 | $558 | - |
A 6649 Whitman Avenue Sold | $859,000 | 4 | 2 | 1,605 | $535 | 0.5 mi |
B 6447 Forbes Avenue Sold | $870,000 | 3 | 2 | 1,425 | $611 | 0.9 mi |
C 15735 Bassett Street Sold | $900,000 | 3 | 2 | 1,740 | $517 | 0.7 mi |
D 6552 Aqueduct Avenue Sold | $895,000 | 3 | 3 | 1,964 | $456 | 0.6 mi |
E 16024 Hart Sold | $950,000 | 3 | 3 | 1,829 | $519 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this property is well-maintained but largely in original or dated condition. The kitchen and bathrooms feature older styles, including dated cabinetry and appliances, and the home utilizes older wall heating units rather than modern central HVAC. While the structure appears functional and 'charming' as described, it shows significant signs of age and lacks recent renovations, making it a prime candidate for modernization or development as noted in the listing's emphasis on RD 1.5 zoning.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7017, living area = 1576.
The RD 1.5 zoning on a 7,000+ sq ft lot presents a rare and lucrative opportunity for developers or investors to build multiple units or a significant expansion in a high-demand area.
Ideally situated in the desirable Lake Balboa neighborhood, the property offers immediate access to premier recreation like Woodley Lakes Golf Course and Lake Balboa Park, enhancing its long-term desirability.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1576, other record living area = 1176. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1953, the home likely requires modern updates to its systems and finishes to meet current market standards, necessitating additional capital investment beyond the purchase price.
There is a notable discrepancy between the 3-bedroom/1-bath description and the 4-bedroom/2-bath metadata, which may indicate unpermitted additions or require careful due diligence by the buyer.
A rare RD 1.5 development opportunity in the heart of Lake Balboa. Welcome to 6467 Woodley Ave, a charming single-story home located in the desirable Lake Balboa / Van Nuys neighborhood. This 3-bedroom, 1-bath residence offers approximately 1,176 sq ft of living space on a generous 7,000+ sq ft lot, presenting an excellent opportunity for homeowners, investors, or developers. The home features a functional floor plan with comfortable living spaces, abundant natural light, and great potential to update or expand. The spacious lot provides plenty of room for outdoor living, entertaining, or future possibilities such as an ADU (buyer to verify). Ideally situated just moments from parks, golf courses, shopping, dining, and major freeways, including easy access to the nearby Woodley Lakes Golf Course and Lake Balboa Park, offering scenic walking paths, recreation, and open green spaces. With its prime location and strong potential, this property is a fantastic opportunity in one of the San Fernando Valley’s most convenient neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 72% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,576 | 1,531 | 53% |
| Lot Size | 7,017 | 6,545.5 | 61% |
| Price | $1.00M | $887.5K | 70% |
| Price per sq ft | $635 | $600 | 59% |
| Built year | 1953 | 1950 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 137 | 21% |
Mar 13, 2026
$1,000,000
Initial Listing
Jun 30, 2006
$635,000
Public Record