6824 Tyrone, Van Nuys, California 91405, Van Nuys, 91405 - 4 bed, 2 bath
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6824 Tyrone
Van Nuys, California 91405
ACTIVE
CONDITION: TEAR DOWN
4Beds
2Baths
1,641Sq Ft
12,012Lot Size
Property Price
LIST PRICE$1,099,000
EST. MARKET VALUE
$902,494
21% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,099,000—positioned above the $902,494 Fair Market Value. While the current structure holds a Condition Rating of 6, the primary value lies in the 12,012 sq. ft. lot and its significant Development Potential. With SB 9 and SB 684/1123 zoning flexibility, this site is primed for a multi-unit residential project. This is a strategic acquisition ideal for Professional Developers or Buy-and-Hold Investors seeking to maximize density in a high-demand San Fernando Valley location.
Estimated Market Value
$902,494
Based on Realkey algorithm analyzing recent comparable sales in Van Nuys.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6824 Tyrone Subject | $1,099,000* List Price | 4 | 2 | 1,641 | $550 | - |
A 13638 Hartland Sold | $815,000 | 4 | 3 | 1,632 | $499 | 0.8 mi |
B 6927 Costello Sold | $800,000 | 3 | 2 | 1,424 | $562 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1936 and marketed exclusively as a 'Developer Opportunity' for high-density residential projects, this property is valued for its 12,012 sq. ft. lot rather than the existing structure, which lacks any mention of recent renovations or modern systems.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 12012, living area = 1641.
- Great Schools
Elementary School: Kester Avenue Elementary School (9/10).
- Significant Development Potential
The oversized 12,012 sq. ft. lot offers a rare opportunity to leverage SB 9 and SB 684 legislation, potentially supporting a high-density project of up to 10 residential units.
CONSRISKS & DEFICIENCIES
- Dated Existing Structure
Built in 1936, the current residence likely requires significant capital improvement or demolition, as the primary value lies in the land and development potential rather than the existing improvements.
- Underperforming Local Schools
The property is served by immediate neighborhood schools with low performance ratings, which may decrease its appeal to traditional family buyers compared to developers.
About 6824 Tyrone
Developer Opportunity in Van Nuys! Positioned on an oversized 12,012 sq. ft. lot, this property offers an exciting chance to unlock meaningful residential density in a high-demand San Fernando Valley location. Ideal for builders, investors, and forward-thinking developers looking to capitalize on California’s evolving housing legislation. Explore multiple potential development paths, including an SB 9 two-unit concept with ADU configurations that may support six or more units, or a possible SB 684/SB 1123 small-lot subdivision strategy with a path to up to 10 residences. Each scenario is subject to site design, zoning, subdivision standards, and City approval; SB 684/SB 1123 provides a streamlined path for certain qualifying urban residential projects of 10 or fewer units. This property has 2 driveways, perfect for separate entrances to the development. A standout opportunity to create a rental portfolio, build a boutique small-lot community, or secure a strategic infill-development site. Buyer to verify all zoning, unit count, and development potential with the City of Los Angeles.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 12,012 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Van Nuys Unified Schools
Andres And Maria Cardenas Elementary School
Grades K-5 • 0.1 mi
3/10
Andres And Maria Cardenas Elementary School
Grades K-5 • 0.2 mi
1/10
Hazeltine Avenue Elementary School
Grades K-5 • 0.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.1 |
| Square foot | 1,641 | 1,570.106 |
| Lot Size | 12,012 | 6,738.636 |
| Price | $1.10M | $941.1K |
| Price per sq ft | $670 | $602 |
| Built year | 1936 | 1952 |
| HOA | $0 | $52 |
| Days on market | 19 | 55 |
Pricing History
Listed for Sale
Aug 21, 2026
$1,099,000
Initial Listing
Sold
Apr 27, 2020
$678,000
Public Record
Sold
Jun 19, 2007
$736,000
Public Record
Sold
Dec 28, 2000
$220,000
Public Record