
Los Angeles, California 91406
This Spacious Multi-Unit Property is a High-Potential Investment Opportunity, listed at $1,185,000—positioned well below the $1,197,693 Fair Market Value by 1%. This valuation gap offers $12,693 in Instant Equity. Featuring a Detached 2-Bedroom ADU, Sparkling Pool, and 8,063 sqft lot, the property maintains a Condition Rating of 3. With significant rental income potential and flexible living configurations, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6846 Jellico Avenue Subject | $1,185,000* List Price | 6 | 4 | 2,565 | $467 | - |
A 6834 Shoshone Sold | $1,100,000 | 4 | 3 | 2,176 | $506 | 0.1 mi |
B 7312 Caldus Avenue Sold | $975,000 | 5 | 4 | 1,867 | $522 | 0.6 mi |
C 6820 Texhoma Avenue Active | $1,199,000 List Price | 4 | 3 | 2,281 | $526 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready. While the main house features some dated cosmetic choices (textured red walls and older oak cabinetry likely 15-20 years old), it has been updated with recessed lighting, stainless steel appliances, and stone counters. The detached ADU appears to be a recent addition or high-end renovation (<5 years) in excellent condition with modern LVP flooring and mini-split HVAC systems.
Elementary School: Kester Avenue Elementary School (9/10).
The property features a detached 2-bedroom ADU and potential for a Junior ADU conversion, offering significant rental income opportunities or multi-generational living flexibility.
Situated on a generous 8,063 sqft lot, the backyard includes a sparkling pool and mature fruit trees, providing a private oasis rarely found at this price point.
Several assigned and nearby public schools, including the local middle school, carry low performance ratings, which may impact appeal for education-focused buyers.
Originally built in 1949, the property may require ongoing maintenance or updates to its aging systems to meet modern efficiency and building standards.
Welcome to 6846 Jellico Avenue, a spacious and versatile property in a desirable area of Van Nuys offering exceptional living space and income potential. The main home features 4 bedrooms and 3 bathrooms, abundant natural light, a generous living area, and a well-appointed kitchen perfect for everyday living and entertaining on an 8,063 sqft lot The detached, 2-bedroom,1-bath ADU with its own address offers excellent flexibility for extended family, guests, or rental income. The expansive backyard features a sparkling pool, plenty of remaining yard space, and an abundance of mature fruit trees, creating a private and inviting outdoor setting. With the potential to convert one of the main home's bedrooms into a junior ADU, this property offers even more possibilities for maximizing space and income. A rare opportunity combining a large home, detached ADU, pool, spacious yard, and multiple income-producing possibilities in a desirable Van Nuys location.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,565 | 1,664.159 |
| Lot Size | 8,063 | 6,066.556 |
| Price | $1.19M | $1.35M |
| Price per sq ft | $462 | $806 |
| Built year | 1949 | 1939 |
| HOA | $0 | $278 |
| Days on market | 8 | 55 |
Sep 1, 2026
$1,185,000
Initial Listing
May 2, 2008
$500,000
Public Record
Sep 30, 2005
$690,000
Public Record