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6648 Gaviota Avenue, Van Nuys, California 91406, Van Nuys, 91406 - 4 bed, 4 bath

6648 Gaviota Avenue, Van Nuys, California 91406 home-pic-0
ACTIVE$1,450,000
6648 Gaviota Avenue, Van Nuys, California 91406
4Beds
4Baths
2,295Sqft
10,391Lot
Year Built
1946
Close
-
List price
$1.45M
Original List price
$1.58M
Price/Sqft
$632
HOA
-
Days on market
-
Sold On
-
MLS number
25497737
Home ConditionFair
Features
Deck
Patio
ViewCity Lights,Hills

About this home

Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.45M(98th), sqft - 2295(91th), beds - 4(73th), baths - 4(94th).

3.5% down and many other options are available for this spacious Lake Balboa home with an ADU perfect for MULTI-GENERATIONAL LIVING or RENTAL INCOME. Main home is 3 BED / 2 BATH + BONUS ROOM 2059 sq ft (flexible floor plan, can be used as 2+1 and 1+1 in-law-suite separate entrance. ADU 1 BED / 1.5 BATH, 636 sq ft fully permitted with its own address and separate utility meters (gas, water, electric). Garage was custom built for a ski boat, approximate 10 feet height clearance. Extremely private behind an electric gate approximately 130 feet set back from the street surrounded by green trees. Huge workshop convenient for home business. Owner motivated

Condition Rating
Fair
The property, built in 1946, shows signs of age with outdated interior finishes, particularly in the main house's kitchen and bathrooms. The kitchen features older light wood cabinets, laminate countertops, and non-stainless steel appliances (white gas range, black refrigerator). Bathrooms appear functional but basic and not recently updated. While the ADU seems more recently constructed or finished, the overall property, especially the main living areas, would require minor to moderate updates to meet current aesthetic and functional standards. The description also notes 'no recent renovations are specified for the primary living areas,' supporting the assessment that major components are functional but outdated.
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 = 10391, living area = 2295.
Income-Generating ADU: The property features a fully permitted 1 bed/1.5 bath ADU with its own address and separate utility meters, ideal for multi-generational living or significant rental income potential.
Exceptional Privacy & Security: Positioned approximately 130 feet back from the street behind an electric gate and surrounded by green trees, offering a highly private and secure living environment.
Versatile Outbuildings & Storage: Includes a huge workshop, perfect for a home business or extensive hobbies, and a custom-built garage with approximately 10 feet height clearance, specifically designed for a ski boat.
Flexible Main Home Layout: The spacious 2059 sq ft main home offers a flexible floor plan that can be configured as a 2+1 and 1+1 in-law-suite with a separate entrance, catering to diverse living needs.
Motivated Seller: The owner is motivated, which could present a favorable negotiation opportunity for potential buyers.

Cons

Significant Overpricing: The current listing price of $1.45M is substantially higher than the estimated property value of approximately $846K, indicating a potential challenge in market alignment.
Age of Property & Potential for Updates: Built in 1946, the main residence may require significant modernization and updates to meet contemporary buyer expectations, as no recent renovations are specified for the primary living areas.
Limited Main House Interior Details: The description heavily emphasizes the ADU and exterior features, with minimal information on the interior condition or recent upgrades of the main 2059 sq ft home, suggesting it might need buyer investment.

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